- The bourse increases 53.43 points
- Proplastics edges $5.6000
- AFDIS closes at $75 000
Harare - Zimbabwe Stock Exchange (ZSE) main indexes opened higher on Wednesday at record 7,036.02 points after gaining 53.43 points from prior session’s 6,982.59 points on the back of gains propelled by blue chip companies.
Headlining the gains was Zimbabwe’s leading plastic pipes manufacturer, Proplastics which gained $5.6000 to close at$33.6000.
Gains also comes at a time when the company has successfully commissioned its new state of the art factory and automated mixing plant at its Harare manufacturing facilities last month which is expected to improve production from 9000 metric tons to 15,000 metric tons per year.
Spirits and wine maker, AFDIS closed at $75.0000 after gaining $2.4746.
Consumer staple and durable goods manufacturer, Innscor Limited has traded $2.4330 firmer at $99.1870, while Zimbabwe’s largest telecommunication giant Econet Wireless scaled up $2.1388 to end at $34.2515 respectively.
Econet Wireless recently installed monitoring diagnostic tools which are expected to curb revenue leakages.
Tyre services provider counter NTS Limited increased a marginal gain of $1.7985 up to close at $10.8000.
Leading the losers was Masimba Holdings which eased $3.8917 to close at $39.9988 while the largest fast-foods restaurant operator in Zimbabwe Simbisa Holdings dropped $2.0702 to end at $45.0107.
Simbisa’s plans to add almost 50 new outlets across its operations is expected to boost the business.
Transport logistics Zimbabwean company, Unifreight decreased $0.3750 to $28.7750. The company yesterday released financial statements for the year ended 31 December 2020 showing a subdued volumes performance at 14% below prior year due to lockdown restrictions.
The company said that it aims to establish fresh markets to ride out of COVID-19-induced headwinds.
Axia Limited went down by $0.2975 to end at $25.6680 while agricultural seeds producer and marketer, Seedco was $0.2429 weaker at $80.7035.
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