daniel chigunwe
Tapiwanashe Mangwiro
The Zimbabwe Stock Exchange (ZSE) All Share Index saw modest gains on Wednesday, adding 0.24 points (0.09 percent) to close at 280.72 points.
Several key players closed the day in the positive, with CFI Holdings Limited, emerging as one of the top performers, gaining ZiG 42.2000c to reach ZiG 323.7000c.
This performance from CFI Holdings, a significant player in the agricultural sector, likely reflects investor optimism in the resilience of agribusiness amid Zimbabwe’s economic adjustments.
A possibility of a good farming season might also be motivating investors.
Also trading positively, Mashonaland Holdings Limited, climbed by ZiG 27.9500c to end at ZiG 260.0000c.
Meikles Limited added ZiG 1.3125c to settle at ZiG 429.9500c, while Zimre Holdings Limited inched up by ZiG 0.0500c to close at ZiG 55.2500c.
Financial services provider, NMBZ Holdings Limited, also gained, rising ZiG 0.0378c to ZiG 370.0000c.
On the downside, ZB Financial Holdings Limited, fell significantly, shedding ZiG 49.9500c to close at ZiG 750.0000c, marking a notable decline in the financial sector.
Econet Wireless Zimbabwe Limited, also struggled, losing ZiG 12.1276c to end at ZiG 438.7382c, as did its fintech subsidiary, Ecocash Holdings Zimbabwe Limited, which slipped ZiG 2.0468c to ZiG 40.0500c.
Delta Corporation Limited recorded a minor decline of ZiG 1.4438c to close at ZiG 1944.0547c, while CBZ Holdings Limited edged down by ZiG 1.0000c to end the session at ZiG 1499.0000c.
Delta Corporation Limited, a major beverage producer, recently released its half-year 2025 report, noting a group revenue increase of 11 percent to US$389 million over the previous year’s restated figures.
Adjusted for currency distortions, the underlying revenue growth was approximately 3 percent. The report highlighted a shift in domestic sales undertaken in foreign currency, declining from 88 percent last year to 77 percent this year, primarily due to the introduction of the ZiG currency and stricter dual pricing regulations.
Delta’s profit before tax stood at US$55.8 million, while EBIT reached US$64.8 million, with trading margins affected by an under-recovery on the sugar tax and rising costs of imported maize. Delta Beverages and Schweppes Zimbabwe paid around US$20.5 million in sugar tax from February to September 2024, impacting overall profit margins.
The mixed performances across sectors on the ZSE reflect the ongoing economic adaptations and currency changes impacting trading patterns and financial reporting.
Bongani Ndlovu