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Zimbabwe Stock Exchange hits four-year high in July

CFI was the best performer in the month, after picking up 121.73 percent to close at 37.25 cents amid the ongoing bidding war between its major shareholders, fighting for the remaining minority shareholding.

African Sun also added 33 percent while Proplastics and Dawn gained 33.33 apiece in the month under analysis.

Axia, Powerspeed and Zimre also gained 28.87 percent, 19.05 percent and 13.38 percent in that order.

Dairibord and RTG  added 12.72 percent and 11.11 percent respectively while Nampak and Masimba gained 10 percent and 8.75 percent in that order.

FML, StarAfrica and OK Zimbabwe were also among the gainers after adding 8.49 percent, 8.33 percent and 7.37 percent in that order.

TSL also picked up 7.11 percent while Truworths and Zimplow added 5 percent apiece in the month under review.

Seedco was the only heavyweight that recorded a loss after easing 0.71 percent to close at 139 cents.

Meikles and Barclays eased 25.8 percent and 18.33 percent respectively.

Ariston and Unifreight also lost 10 percent and 7.5 percent while Edgars and Fidelity shed 4.76 percent and 1.79 percent respectively.

Afdis and bankers CBZ also lost 1.64 percent and 0.5 percent respectively. – The Source


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