FMP - First Mutual Properties Limited

Jul 30, 2021 at 14:50 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.

FMP Stock Market Performance

The current share price of First Mutual Properties Limited (FMP) is ZWL 13.5161. FMP closed its last trading day (Friday, July 30, 2021) at 13.5161 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 0.1% gain over its previous closing price of 13.50 ZWL. First Mutual Properties began the year with a share price of 2.70 ZWL and has since gained 401% on that price valuation, ranking it 12th on the ZSE in terms of year-to-date performance. Investors should, however, take caution of FMP’s recent poor performance, having lost 13% of its value in the past four weeks.

First Mutual Properties is the 21st most traded stock on the Zimbabwe Stock Exchange over the past three months (May 4 - Jul 30, 2021). FMP has traded a total volume of 6.02 million shares valued at ZWL 83.7 million over the period, with an average of 95,604 traded shares per session. A volume high of 3.6 million was achieved on June 3rd 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 10 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 Stock Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange