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...


Markets ● 3 weeks ago
Suppressed HY-21, Rosy Year-End Lined-Up For RTG

In the six-months ended June 2021, the Rainbow Tourism Group's occupancy closed the period at 24%, a 4% improvement from prior year levels. Inflation-adjusted revenue grew to ZWL 706m from ZWL 462m, representing a 53% growth. The Group says that in the face of business interruptions, gross margins managed to rise from 63% to 67% in the period. At ZWL 161m, EBITDA ended the half-year 6% down from...

Stock Market ● 3 weeks ago
ZSE sustains record highs as magnitude subsides

The ZSE sustained record-breaking momentum in mid-week trades albeit at subsiding levels. The mainstream All Share Index surged by 1.97% in today’s session, a slow-down from an average daily gain of 3.7% over the past 5 days, to close at an all-time high of 8586.7 points. This is due to a -78% decline in demand as well as subsiding margins in market heavies and penny stocks respectively. On t...

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 ● 2 weeks ago
SA hotel stocks surge as key international tourism markets lift travel restrictions

South African hotel and gaming stocks Sun International, Tsogo Sun Hotels, Tsogo Sun Gaming, and City Lodge Hotels Group surged to hit 52-week highs on the JSE on Monday, buoyed by several key international source markets lifting Covid-19 travel restrictions and expectations that the UK will remove SA from its red-list this week. President Cyril Ramaphosa moving the country to its lowest Covid-19...


Analysis ● 2 weeks ago
Currency instability positions ZSE as the best performing in the region

ZSE boasts of 235.7% yearly returns as at 04/10/2021 Penny stocks surpass the 2000% yearly threshold gain VFEX liquidity rises as RBZ pumps USD’s into the economy The Zimbabwe Stock Exchange (ZSE) closed the year 2020 as the best performing bourse in the region, at more than 1000% annual returns in nominal terms, and has sustained the position in the year 2021 so far, flirting of 235.7% yea...


Markets ● 1 week ago
Hwange HY-21 fortunes improve, administrative blues continue

In the six months to June 2021, Hwange Colliery’s revenue grew by an i...