African Stock Exchanges

ECO - Econet Wireless Zimbabwe Limited

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ECO share price on Zimbabwe Stock ExchangeECO share price on Zimbabwe Stock Exchange

Econet Wireless Zimbabwe, launched in July 1998, is Zimbabwe’s largest telecommunications services provider, providing solutions in mobile and fixed wireless telephony, public payphones, internet access and payment solutions. In 2009, the company became the first operator in Zimbabwe to launch data services under 3G technology. At the same time, it began building an extensive fiber optic network, and also commenced an accelerated roll-out of other key network infrastructure. Key subsidiaries and associates of Econet are Liquid Telecom, the largest internet service and access provider in Zimbabwe, and Transaction Payment Solutions, a leading provider of financial transaction switching, point-of-sale, and value-added support services. The company is a subsidiary of a privately-owned group controlled by its founder Strive Masiyiwa. The group’s subsidiaries include Econet Wireless International, Econet Enterprises, and Econet Media.

Econet Wireless Zimbabwe Limited is listed on the Zimbabwe Stock Exchange (ZSE) since September 17th, 1998. Econet Wireless is traded on the ZSE under the ticker symbol “ECO”. Econet Wireless Zimbabwe Limited is currently the fourth most valuable stock on the ZSE with a market capitalization of ZWL 181 billion, which makes about 8.56% of the Zimbabwe Stock Exchange equity market.

ECO69.7313 ▴ 0.1184 (0.17%)
2 days ago
Last Trading Results
Opening Price
Day’s Low Price
Day’s High Price
Traded Volume766,700
Number of Deals
Gross Turnover53.5M
Growth & Valuation
Earnings Per Share
Price/Earning Ratio
Dividend Per Share
Dividend Yield
Shares Outstanding2.59B
Market Capitalization181B
Monetary values are quoted in Zimbabwe Dollar (ZWL) unless otherwise stated

ECO Stock Market Performance

1WK4WK3MO
+0.67%-19.3%-35.9%
6MO1YRYTD
-71%+21.1%-18%

The current share price of Econet Wireless Zimbabwe Limited (ECO) is ZWL 69.7313. ECO closed its last trading day (Friday, November 25, 2022) at 69.7313 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 0.2% gain over its previous closing price of 69.6129 ZWL. Econet Wireless began the year with a share price of 85.00 ZWL but has since lost 18% off that price valuation, ranking it 41st on the ZSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that ECO has lost 19% of the stock’s value from October 28th to date.

Econet Wireless Zimbabwe is the second most traded stock on the Zimbabwe Stock Exchange over the past three months (Aug 31 - Nov 25, 2022). ECO has traded a total volume of 49 million shares valued at ZWL 3.98 billion over the period, with an average of 777,563 traded shares per session. A volume high of 6.01 million was achieved on October 10th, and a low of 3,800 on October 31st, for the same period. The table below details the last 10 trading days of activity of Econet Wireless Zimbabwe on the Zimbabwe Stock Exchange.

DateVolumeCloseChangeChange%
2022-11-25766,70069.7313+0.1184+0.17%
2022-11-242,876,40069.6129-0.1018-0.15%
2022-11-23270,40069.7147+0.0990+0.14%
2022-11-224,491,90069.6157+0.2155+0.31%
2022-11-2196,70069.4002+0.1304+0.19%
2022-11-181,728,10069.2698-0.2565-0.37%
2022-11-171,733,40069.5263-2.4562-3.41%
2022-11-16884,50071.9825+1.9967+2.85%
2022-11-15540,10069.9858-5.0150-6.69%
2022-11-14124,20075.0008

Profile of Econet Wireless Zimbabwe Limited

Econet Wireless Zimbabwe Limited operates in the Telecommunications sector. The company is led by Douglas Mboweni as its Chief Executive Officer. The company's board of directors, chaired by Dr. James Myers, is composed of 12 members whose names are listed below.

  1. Masiyiwa, Steve
    Group Chairman
  2. Mboweni, Douglas
    Chief Executive Officer
  3. Chimanikire, Roy
    Finance Director
  4. Chirairo, Kris
    CEO - Econet Enterprises
  5. Myers, James (Dr.)
    Non-Executive Chairman
  6. Pemhiwa, Hardy
    Non-Executive Director
  7. Mpofu, Tracy
    Non-Executive Director
  8. Mtetwa, Beatrice
    Non-Executive Director
  9. Gomwe, Godfrey
    Non-Executive Director
  10. Shereni, Sherree Gladys
    Non-Executive Director
  11. Edge, Martin
    Non-Executive Director
  12. Bennett, Michael
    Non-Executive Director

Factsheet of Econet Wireless Zimbabwe Limited

Sector
Telecommunications
Industry
Address
No. 2 Old Mutare Road, Msasa, Harare, Zimbabwe
Telephone
+263-4-486-121, +263-4-486-122, +263-4-486-123

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Securities Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange

Comments

  1. Clever MadzivanziraClever Madzivanzira
    Oct 31, 2022 12:42 GMT

    How can l buy econet shares

  2. Tafadzwa chipwanyiraTafadzwa chipwanyira
    Sep 3, 2022 09:44 GMT

    Hie could you please advise on how to buy shares in Econet Zimbabwe and share prices

  3. CheimediCheimedi
    Aug 30, 2022 14:39 GMT

    Good day.
    I kindly request more information on how to buy shares in your company.

    I will be looking forward to hear from you

  4. Maxwell BandaMaxwell Banda
    Aug 18, 2022 09:15 GMT

    Advice on how to buy shares

    1. Jonathan BandaJonathan Banda
      Aug 19, 2022 05:21 GMT

      CTrade, or through a broker eg old mutual

  5. Ellen MamhunguEllen Mamhungu
    Aug 13, 2022 11:56 GMT

    I bought shares 18years ago and l am wondering if l could cash them please

  6. Ntokozo SibandaNtokozo Sibanda
    Jul 28, 2022 05:56 GMT

    I need to buy shares ..may you kindly help

  7. LovmoreLovmore
    Jul 14, 2022 21:01 GMT

    Stock Markert tough at the moment, we look forward to better performance.

  8. Loreen MoyoLoreen Moyo
    Jun 28, 2022 14:47 GMT

    I would like to know how l can buy shares at econet
    Thanks

  9. Chipo FowerakerChipo Foweraker
    Jun 7, 2022 18:20 GMT

    My name is Chipo Foweraker and l am wondering if you can help me renew my shares certificates. I have shares with Econet among others.

  10. Tonderai MadziwaTonderai Madziwa
    May 28, 2022 04:08 GMT

    Thank you for this available and valuable information about Econet, I need to buy shares in your company.

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