Pro-plastics scales new heights, unmatched on ZSE
By Laurence Kanyasa
ZIMBABWE’S major plastic producer, Pro-plastics has made shockwaves on the local bourse by becoming the biggest share trader leaving others biting dust in the process.
The company is the only Zimbabwean firm providing the best plastic pipe systems in southern Africa, with a wide range of plastic products from plumbing, tubing, water lines and plastic water tanks.
After a long absence on the top players’ league, Pro-plastics was the biggest trader on the Zimbabwe Stock Exchange (ZSE).
Amassed with a massive trading value of $ 44.0000 and an increase of +16.45%, the firm was the largest trader leaving the rest to feed on the remainder of the spoils.
Nampak Zimbabwe traded second on the stock exchange, coming in with a + 11.92% increase and a trading value of $ 14.5500.
Zimpapers limited came in a distant third registering a significant +10.68% increase in shares, though the firm’s trading value was low at a value of $3.3204. This value was the lowest in all trading counters for top movers.
Trading at $94.0000, the CBZ saw success in its trade as it earned + 10.56% northwards. This week’s trading saw the financial institution seeing better days, as its previous trading was awashed in deficit.
Africa Sun Zimbabwe trailed in the big league, registering a +5.09% gain with a trading value of $8.4594.
Though it had a huge trading value, National Foods Zimbabwe was the biggest loser on the stock exchange shedding -10.29% and a trading value of $1.700.0000. This comes after weeks of unmatched success making this week’s trade a bitter pill to swallow.
First Mutual Properties (FMP) also shed -7.03% and had a $9.0000 trading value, in the same counter was Masimba Holdings Limited (MSHL) at -4.55% valued at $2.8971.
Down the table featured Tanganda Tea Company at -3.04% and First Capital Bank at -2.49%, with trading values of $ 93.0263 and $ 3.8052, respectively.
ZSE market cap indices saw a surprising turn of events as SMEs counters only registered profit, the small cap index stood at +2.00% whilst the medium cap gained +0.79%.
The all-share index was down -0.05% at value 15,574.66, top ten index also shed -0.27% at value 10,268.61, top 15 index shed -0.18%at value 11,322.77 and the small cap shed 407,683.18.
Sector indices saw a mixed bag as materials registered +3.79% with a value 12.561.45, financials stood at +3.78 at a trading value of 15.247.42, industrial recorded + 3.55% at value of 19,054.63.
The consumer discretionary index scored +1.19% followed by the ICTs at +1.09% with trading values of 20.450.48 and 26,660.23.
Consumer staples were down -1.36% followed by Real Estate shedding a massive -5.90% and the modified consumer staples down by -1.30%.