FMP - First Mutual Properties Limited

Sep 28, 2023 at 20:05 Twitter · Facebook

FMP share price on Zimbabwe Stock Exchange

First Mutual Properties Limited (previously Pearl Mutual Properties Limited) is a Zimbabwean property investment, development and management company. The company has an existing portfolio covering commercial and retail properties in the major towns of Zimbabwe including about 117,250 square meters of lettable space made up of office parks, retail shops, commercial and industrial space. Additionally, the company owns office parks, high-rise buildings in CBDs, retail, industrial premises, warehouses, and residential trading stock of 2/3 bedroom garden flats on a land area of 1923 square metres in Avondale, Harare.

First Mutual Properties Limited is listed on the Zimbabwe Stock Exchange (ZSE). First Mutual Properties is traded on the ZSE under the ticker symbol “FMP”. First Mutual Properties Limited is currently the 18th most valuable stock on the ZSE with a market capitalization of ZWL 173 billion, which makes about 1.69% of the Zimbabwe Stock Exchange equity market.

FMP Stock Market Performance

The current share price of First Mutual Properties Limited (FMP) is ZWL 139.00. FMP closed its last trading day (Tuesday, September 26, 2023) at 139.00 ZWL per share on the Zimbabwe Stock Exchange (ZSE). First Mutual Properties began the year with a share price of 12.00 ZWL and has since gained 1,058% on that price valuation, ranking it ninth on the ZSE in terms of year-to-date performance. Shareholders can be optimistic about FMP knowing the stock has accrued 38% over the past four-week period alone—fifth best on ZSE.

First Mutual Properties is the 27th most traded stock on the Zimbabwe Stock Exchange over the past three months (Jun 28 - Sep 28, 2023). FMP has traded a total volume of 332,600 shares valued at ZWL 37 million over the period, with an average of 5,279 traded shares per session. A volume high of 118,000 was achieved on September 13th for the same period. The table below details the last 10 trading days of activity of First Mutual Properties on the Zimbabwe Stock Exchange.

Profile of First Mutual Properties Limited

First Mutual Properties Limited operates in the Financials sector, specifically, the Real Estate Investment industry.

FMP Industrial Market Competitors

First Mutual Properties Limited, issuers of the FMP stock on the Zimbabwe Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Real Estate Investment industry. The table below presents an overview of the market standing of the top eight by year-to-date performance.

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