Markets ● 5 months ago
Price remodel supports Turnall FY-20 operations

In the 12-month period ended December 2020, the construction industry specialist faced operational challenges on both domestic and international markets, dampening year-end reported volumes and Group earnings. Calendar months of trading were unexpectedly deducted due to nation-wide Covid-19 lockdowns.   On the domestic front, revision of central bank policies on multi-currency pricing led to...


Stock Market ● 5 months ago
Stabilising macro dynamics support National Foods FY-20 Q3 Volumes

Following improvements to rainfall patterns, subdued inflation and a stabilising operating environment, Zimbabwe’s largest food manufacturer experienced volume growth across most major units.   Production Unit  % Growth/Decline Overall 🏭 14.2 ↗️ Maize 🌽 (31) ⬇️ Stockfeeds 🐖 27 ↗️ Groceries 🍞 95 ⬆️ Snacks & Treats 🍭 44 ↗️ Volume changes were reported on...

Stock Market ● 5 months ago
Balance Sheet Preservation Key In FBC FY-20 Performance

Recently released FY-20 financials revealed a mixed set of gains and losses by the Holdings Group, following a roller-coaster 2020 dominated by inflationary pressure and Covid-19 disruptions.  Highlights Cash & equivalents down 57% Asset Base up 19% Optimistic FY-21 outlook  As has been the trend in FY-20 banking industry results, listed financial institutions have sought to safe-guard ba...

Stock Market ● 5 months ago
Depressed Consumer Spending Hinders BAT Segment Performance

Tobacco retail and distribution company BAT posted 3% growth in sales volumes for the quarter ended March 2021 (FY-21 Q1). This on the back of a 12% sales volume decline at the end of 2020. Prevailing economic conditions driven by a Q1 Covid-19 lockdown however dragged sales in the period down.Q1 Highlights Market return of Dunhill  Dunhill sales up 91% Net Turnover up 75%   Premium brand Dun...

Stock Market ● 5 months ago
Production Slide Continues at Border Timbers

The forestry & sawmilling specialists reported a second consecutive quarterly production volume declines. The drop in output was a continuation of production bottlenecks in the previous quarter, bottlenecks brought-about by market-wide Covid-19 disruptions.   Highlights for the Quarter (FY-20 Q3) Total Production Volumes ⬇️ 26% Sales Volume ⬇️ 25% Revenue ⬇️ 28%   Lumber increased its o...


Stock Market ● 5 months ago
Stocks continue in losses but selloff fizzles

The local bourse extended losses to a 3rd straight session, pulling down weekly performance into the red as investors took profits. Before the setback the bourse had enjoyed a rare 10-day rally over which gains went past the 20% mark, highlighting one of the best-performance in the bourse’s recent history. The ZSE All Share Index fell by a further -1.62% to close the latest session at 5382.47...


Stock Market ● 4 months ago
Market heavies weigh down ZSE, halts record breaking trend

Along with global shares, the ZSE plunged in mid-week trades following 8 straight sessions of record-breaking momentum out of the recent 12 consecutive sessions in which the market has been in positive territory. Rally was halted by market heavies which shed -1.73%, countering the gains from small caps. The losses were, however, largely fueled by 2 factors which include reduced demand post 2 w...

Stock Market ● 3 months ago
ZSE opens new week in a false start 28/06/21

The ZSE closed weaker in the week-opening session, halting a 3-day long streak of gains which had poised the market at record highs at the close of the prior session. Demand fumbled in the session amid liquidity tightening by the Central Bank. Local investors were also significantly affected by the local banking systems which were down for most part of the day. The mainstream All Share Index p...

Markets ● 3 months ago
TSL HY21 Performance & Sustainability Concerns For Agricultural Players Going Forward

The 2020/21 Sub-Saharan farming season has been widely acclaimed for its abundant rainfall and high agro yield prospects for both subsistence and larger scale commercial farmers. In Zimbabwe, the high and frequent rainfall came as a respite following a dry, droughty 2019/2020 season.  From commercial and sustainability points of view, the three year window above can not be viewed in isolation. Th...

Markets ● 3 months ago
Bullish Sentiment On ZSE Tourism Counters Spurring Price Rally

Following a June 27th 2021 presidential announcement, South Africa faces a nationwide Level 4 lockdown. Consumers & business have re-entered an uncomfortable but familiar territory made up of restricted movement and limited trading hours. Both factors contribute significantly to a general slowdown in economic activity.  On announcement of fresh lockdowns, South African hospitality, grocery, retai...