FMP - First Mutual Properties Limited

Jul 1, 2022 at 14:27 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 25th most valuable stock on the ZSE with a market capitalization of ZWL 14.5 billion, which makes about 0.512% of the Zimbabwe Stock Exchange equity market.

FMP Stock Market Performance

The current share price of First Mutual Properties Limited (FMP) is ZWL 11.65. FMP closed its last trading day (Thursday, June 30, 2022) at 11.65 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 0.4% drop from its previous closing price of 11.70 ZWL. First Mutual Properties began the year with a share price of 7.80 ZWL and has since gained 49.4% on that price valuation, ranking it 27th on the ZSE in terms of year-to-date performance. Shareholders can be optimistic about FMP knowing the stock has accrued 44% over the past four-week period alone—second best on ZSE.

First Mutual Properties is the 23rd most traded stock on the Zimbabwe Stock Exchange over the past three months (Mar 31 - Jul 1, 2022). FMP has traded a total volume of 3.55 million shares valued at ZWL 34.1 million over the period, with an average of 56,270 traded shares per session. A volume high of 2.14 million was achieved on May 6th 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 Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange