Stock Market ● 3 weeks ago
Cassava's trade suspension another thorn in ETF's side

Having violated ZSE listing requirements, shares of Cassava Smartech have been suspended from trading (effective October 1st 2021). The firm was due to publish its set of financial statements for the year-ended February 2021. Seven months later & no financials are out. Cassava’s market cap stood at ZWL 81.5 billion, with the firm well-positioned among the ZSE’s basket of “market heavies” – the To...


Markets ● 1 month ago
Fair Value Adjustments Wipe-Out First Mutual HY-21 Profits

Half-year results for the property and insurance Group largely reflected improvements from prior year performance. GWP ↑ 71%Rental Income ↑ 53%Profit ↓ 121% The Group’s Gross Premium Written grew to ZWL 5.4 billion in the period, a 71% inflation-adjusted increase. Despite marginal investment property gains recorded in US$ terms, a ZWL 1.6 billion fair value loss was incurred after conversion of...

Markets ● 1 month ago
TSL Trading Update Shows Promising Outlook In Tobacco Industry

In a trading update for the three-months ended July 2021, the TSL Group recorded volume growth across most business units, driving an improved performance for the quarter. Revenue up 9% TSL volumes handled up 143% Avis rental days up 121% Revenue in the period was 9% ahead of the prior year in inflation adjusted terms. In addition to having sufficient interest coverage on borrowed funds, t...

Stock Market ● 1 month ago
Stocks rebound tapers as Zimdollar parallel market premiums nears 100%

Demand plunged in Tuesday trades but gains remained positive as low caps carried the day. Penny stocks drove performance in the session on sustained recovery, scaling up the ZSE All Share Index to a 5-week high of 7018.48 points. The 0.16% surge in the session stretched year-to-date returns to 166.22%. CBZH maintained its position as the worst performing counter on a year to date scale. It i...

Stock Market ● 1 month ago
ZSE Sustains Bullish Trajectory As Penny Stocks Recover

The ZSE sustained recovery in the week-opening session as gains spun across all the market’s main indices following a rejuvenation in penny stocks performance. The mainstream All Share Index closed at a 5-week high of 7007.28 points after a record surge of 1.28% as the bourse traces back to record-high levels. Year-to-date gains scaled up to 165.8% while monthly performance closed at +5.3% as...


Markets ● 1 month ago
Mixed Fortunes In NMB's HY-21 & What Lies Ahead

ZSE-listed financial services firm NMB Bank performed well in the six-months ended 30 June 2021, as net-income grew 105% to settle at ZWL 716.2m from ZWL 348.8 million recorded in the previous comparative period. The remaining six-month period of the year however remains cloudy, with internal uncertainties stemming from the Bank's tech investments. Fee & Commission Income ↑ 128% FX Gains ↑ 74%...


Stock Market ● 1 month ago
ZSE opens new month in the red as Zeco awakens

The ZSE sustained bearish momentum into the new month of September as Zeco made its first trade in over 5 months, which is the 2nd transaction in over 2 years. 200 shares exchanged hands in the counter, valued at a total of ZW$0.12. The mainstream All Share Index slumped by -0.96% in the session to close at a 6-week low of 6588.74 points. The month of August saw the ZSE succumb to a loss of -2...

Markets ● 1 month ago
NTS Volume-Driven Growth Overcomes Macro Hurdles

A Trading Update for the 3-months ended June 2021 showed significant volume growth across business units and a promising outlook going forward. New Tyres ↑ 163% Tubes ↑ 160% Services ↑ 216% Compared to the previous year’s opening quarter, New Tyre volumes rose by 162%. The Company says the growth was supported by good inventory management that maintained adequate stock as well as focused m...

Markets ● 2 months ago
Lockdown Blues Recovery Spurs Meikles Volume Growth

Meikles' performance generally improved in the 3-months ended June 2021, supported by volumes growth, favourable price discovery and less restrictive lockdown measures compared to the previous year. Inflation-adjusted revenue ↑ 21% Supermarket sales ↑ 21% Hotel occupancy ↓ 11% For continuing operations, inflation-adjusted revenue for the Group rose 21% from the prior year’s first quarter....

Stock Market ● 2 months ago
Stock market poised to record the worst monthly performance in 9 months

The local stocks market closed in the red in Thursday session following an extended profit-taking spree that ensued in early week trades. The mainstream All Share Index shed off a further -0.79% to close at a 2-week low of 6848.48 points, trimming monthly gains to 0.4%, the lowest in 9 months. Losses were skewed towards market heavies as small caps recorded a partial recovery of 2.1% along wit...


Symbol
Last Price
Change
% Change
303.81
+ 30.99
+ 11.36
Zimbabwe Newspapers (1980) Limited
10,538.50
+ 1,038.50
+ 10.93
CBZ Holdings Limited
650.00
+ 50.00
+ 8.33
Turnall Holdings Limited
1,078.26
+ 78.26
+ 7.83
African Sun Limited
5,177.18
+ 159.93
+ 3.19
Cassava SmarTech Zimbabwe
Symbol
Last Price
Change
% Change
19,201.58
-1,291.79
-6.30
Innscor Africa Limited
5,000.00
-366.67
-6.83
Masimba Holdings Limited
3,250.00
-250.00
-7.14
Proplastics Limited
17,000.00
-1,669.00
-8.94
Meikles Limited
1,219.00
-176.00
-12.62
NMBZ Holdings Limited
Symbol
Last Price
Change
% Change
10,538.50
+ 1,038.50
+ 10.93
CBZ Holdings Limited
10,019.74
-480.26
-4.57
Simbisa Brands Limited
1,219.00
-176.00
-12.62
NMBZ Holdings Limited
303.81
+ 30.99
+ 11.36
Zimbabwe Newspapers (1980) Limited
1,260.00
-82.00
-6.11
Nampak Zimbabwe Limited
Oct 21, 2021
ZIMW.zw Cautionary Statement
1,998.36 -124.44 | -5.86%
Oct 21, 2021
Oct 21, 2021
DZL.zw Trading Update
5,200.00 -4.83 | -0.09%
Oct 20, 2021
BIND.zw Cautionary Statement
556.90 -7.78 | -1.38%
Oct 20, 2021
SACL.zw Cautionary Statement
158.21 -0.37 | -0.23%