The ZSE continued to buttress prior week’s gains as four of the Indices we review closed in the black. The All-Share Index was 2.81% firmer at 480.81pts, extending its YTD gains to 73.04% while, the Industrial Index rose 2.85% to settle at 472.71pts. The Blue-Chip Index was 2.82% higher at 486.56pts, anchored by FBC, SeedCo, ZBFH and Meikles. The Mid Cap Index was 2.42% firmer at 484.94pts as its constituents dominated the riser’s list of the week. Elsewhere, hotelier RTG released a good set of financial results for the half year in which profit after tax rose 260% by USD$3.70m and declared a dividend of US$0.05 payable in ZWG$ and USD$.
FBC led the risers of the week on a 23.85% surge that took the banking group to $13.5000, where supply could be found. SeedCo Limited followed after ticking up 22.58% week on week and closed at $5.3233 while, ZB Financial added 16.67% to settle at $7.0000. African Distillers rebounded 15.38% to end pegged at $15.0000. Fidelity Life assurance was 15% up during the week and closed at $0.8050 while, Zimpapers firmed up 13.64% to close at $0.0800. General Beltings was 12.27% higher at $0.1235 as packaging group Nampak advanced 12.02% to settle at $0.9373. Meikles which is trading under cautionary recovered 11.54% to trade at $2.9000 while, hotelier RTG ended at $1.5414 on a 10.10% uptick.
Willdale headlined the laggards of the week after succumbing 18.03% to close at $0.0500 while, Zimre Holdings Limited plunged 15.24% to $0.8900. Star Africa Limited trimmed 14.27% to $0.0390 while, ZSE Holdings lost 10.60% to $1.3500 on waning demand. Masimba Holdings Limited retreated 8.21% to $2.5700 while, Hippo Valley Estates declined 7.04% to $11.1369. Mashonaland Holdings Limited was 5.26% down at $1.8000. Dairibord Limited reversed previous gains on a 4.96% drop that took it to $5.7023 while, Proplastics eased 0.60% to $1.3917 as it completed the top fallers of the week.