eBusiness Weekly
Enacy Mapakame
Bulls continued to charge on the Zimbabwe Stock Exchange (ZSE) during the holiday shortened week in gains led by mid tiers. All benchmark indices closed the week to Wednesday in the positive.
The primary indicator, the ZSE All Share Index put on 10 percent to close at 23 250 points while the market’s heavies added 8 percent to settle at 15 231 points.
At 17 044 points, the ZSE Top 15 Index was 10 percent above prior week level of 15 491 points.
The Medium Cap paced the fastest with a 16 percent gain to 39 616 points while the Small Cap rose 4 percent to 493 642 points.
Total market value added 10 percent to close $2,89 trillion.
Retail giant, OK Zimbabwe headlined risers with a 48 percent jump to $59,33 amid a spate of price increases of goods and services. During the week, the price of bread rose by 30 percent.
Financial services firm, GetBucks put on 31 percent to $7,86 as it reported net profit for the year to December 31, 2021 surged 366 percent to $192 million from prior year loss of $72 million.
At $220, Tanganda was 25 percent above prior week while hospitality group, Meikles rose 23 percent to $191,38.
Axia rounded up the top five risers with a 23 percent increase to $159,38.
Other gains were seen in the trio of Art, Lafarge and Dairibord which rose by 20 percent each to $24,01, $162 and $48 in that order.
CFI also rose 20 percent to $186 while wines and spirits maker, Afdis came in 19 percent firmer to $344,91.
On the other hand, Unifreight eased 9 percent to $29,63 while clothing retailer Truworths decreased 5 percent to $1,80. Diversified media group, Zimpapers let go of 3 percent to settle at $3,10 while Turnall went down 2 percent to $7.
FCB wrapped up the week’s top five fallers with a 1,55 percent decline to $7,58.
Also on the downside was RTG, which backtracked 1,2 percent to $7,40 completing the week’s fallers.
Resources group, RioZim remained flat at $75,91 while BAT and Cafca were also unchanged at $3 660 and $250 respectively.
Exchange traded funds were mixed in Wednesday session, as Datvest ETF lost 1,77 percent to $1,81 while, the Old Mutual ETF and Morgan & Co ETF put on 0,78 percent and 4 percent to close at $11,10 and $19,40 in that order.
Elsewhere on the VFEX, crocodile breeder, Padenga advanced 0,48 percent to USD21,1 cents as 4,72m shares exchanged hands.
