The ZSE market reversed prior week’s gains as it retreated 1.71% to close at 205.16pts mainly weighed down by constrained demand witnessed across the board. The Mid Cap Index eased 5.61% to 228.45pts while, the Blue-Chip Index fell 1.71% to 205.07pts weighed down mainly by Econet and Hippo. The segregated Industrials were 1.71% weaker at 205.07pts. Elsewhere, packaging company Proplastics released its HY25 results for the period ended 30 June 2025 in which it reported a Profit After Tax of $348,168 from a loss position of $71,875 and no dividend was declared.
Leading the laggards of the week was sugar producer Hippo that plunged 27.75% to settle at a VWAP of $4.6966. Packaging company Nampak was 27.72% weaker at $0.6050 as selling pressure post termination of acquisition by TSL continued to mount. Conglomerate ART fell by 26.54% to $0.0955 while, seed technology group SeedCo local was 25.52% down at $2.9065. Meikles capped the week pegged at $3.3895 following a 15.25% descent while, Proplastics slipped 14.99% to $1.2560. Dairy Processor Dairibord tumbled 14.94% to close at a VWAP of $1.2165 while, banking group TN continued to lose ground week on week as it parred off 9.09% to $0.1000. Telecommunications giant Econet took a breather during the week as it trimmed 8.32% to $4.4838. Sugar refiner Star Africa was 4.56% down at $0.0300. The market closed with a positive breadth of two as fifteen counters advanced against thirteen that faltered while, four sailed stable. Headlining the gainers of the week was Willdale that edged up 84.42% to $0.0400 while, roofing materials producer Turnall gained 32.16% to $0.0700. Zimre closed the week 25.00% higher at $0.2500 while, cigarette producer BAT charged 24.74% to $117.2000. Logistics services company Unifreight was 15.02% up at $2.1825 after reporting a PAT of $202.36m in its HY25results while, retailer OK Zimbabwe rose 13.26% to $0.2381. Ariston ticked up 3.00% to $0.0309. Banking duo in NMB and CBZ added 2.47% and 0.99% to see the former close at $4.0987 and the latter at $8.2000. Property concern Mashonaland holdings added 0.88% to $1.4294 as it fastened the top ten risers’ list of the week.