Stock Market ● 2 months ago
Small caps outweigh market heavies as ZSE traces back gains

The stock market returned to gains after a false start to the week as demand returned. In Tuesday’s trades, the All Share Index firmed by a negligent 0.08%, with gains stimulated by small caps as market heavies dipped for a 3rd straight session. Market heavies have been subject to profit taking after a series of record breaking performance while small caps continue chasing value. Meanwhile, P...


Stock Market ● 2 months ago
ZSE opens the week in losses along with global shares

The ZSE opened the week in reds, extending prior session loss. The breather came after record breaking momentum last week which saw the bourse achieving record high levels in 3 straight sessions. Today’s losses were spread across all the main market indices. The ZSE All Share Index parred by a marginal -0.15% to close at 6534.96 points, the 3rd all-time highest point. The bourse is on the cou...

Stock Market ● 2 months ago
Stocks plunge as COVID-19 deaths and hospitalizations in Zim reach all time high

Selloffs persisted in the second trading session of the week as COVID-19 deaths and hospitalisation levels reach an all-time high in the month of July, since the outbreak of the virus early in 2020. The government is not expected to tighten lockdown measures but limited movement under the current measures may drag commerce and slowdown economic recovery. The mainstream, All Share Index, shed -...

Markets ● 2 months ago
Simbisa Taps Into Zim Remittance Basket

Simbisa Brands has partnered-up with local voucher service system platform Wa-Faya to launch a credit voucher system that taps into Zimbabwe’s 2nd largest forex inflow source – remittances. With vouchers redeemable at all Simbisa outlets nationwide, people abroad can now directly buy Simbisa goods online for collection by anyone in Zimbabwe. A-Faya’s system is integrated with payment platforms su...

Markets ● 1 month ago
OK FY22Q1 Volumes Up, Lockdown Extension Potential Performance Hinderance Going Forward

In the 3 months ended June 30th 2021, local retail Group OK Zimbabwe recorded topline growth in the quarter and sales volume improvements at OK, Bon Marché, OK Mart and Money Wave. Performance in the period was positive despite operating under reduced trading hours due to a surge in Covid-19 infections. Sales up 48% Trading hours down 47% Revenue up 49% Sales in the period were partly driv...


Markets ● 1 month ago
Star Africa's Sugar Deals: are partnerships set to dissolve soon?

In line with a new strategy of narrowing its investment scope and simplifying product portfolios, US multinational PepsiCo recently announced a US$3.3 billion sale of its Tropicana and other juice brands to a French private equity firm PAI Partners.  Sale proceeds to be reinvested into health-oriented products 39% stake in new JV to be kept Strong indicator of beverage industry investment pat...


Stock Market ● 1 month 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...

Markets ● 1 month 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....

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...

Stock Market ● 3 weeks 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...