OKZ - OK Zimbabwe Limited

Nov 30, 2022 at 13:20 Twitter · Facebook

OKZ share price on Zimbabwe Stock Exchange

OK Zimbabwe Limited, first established in 1942, is a leading supermarket retailer in Zimbabwe providing a broad range of retail products and allied services. Historically, the company was incorporated as Springmaster Corporation in 1953, and in 1984 changed its name to Deltrade Limited which was then again changed to the current name in July 2001. OK Zimbabwe, which trades under the popular brand names OK Stores, Bon Marche’ Stores, and OKmart, operates in three major market categories, namely, groceries, basic clothing and textiles, and houseware products. Via a diversified distribution channel, the company is able to target all segments of the market, responding to its customers’ requisite for convenience and value. Despite operating in a highly competitive retail sector, OK Zimbabwe has maintained its dominant position, developing its own brands through the Bon Marche’ Premier Choice and Shopperschoice labels.

OK Zimbabwe Limited is listed on the Zimbabwe Stock Exchange (ZSE). OK is traded on the ZSE under the ticker symbol “OKZ”. OK Zimbabwe Limited is currently the 13th most valuable stock on the ZSE with a market capitalization of ZWL 35.1 billion, which makes about 1.74% of the Zimbabwe Stock Exchange equity market.

OKZ Stock Market Performance

The current share price of OK Zimbabwe Limited (OKZ) is ZWL 28.1018. OKZ closed its last trading day (Wednesday, November 30, 2022) at 28.1018 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 6% drop from its previous closing price of 29.90 ZWL. OK began the year with a share price of 27.4463 ZWL and has since gained 2.39% on that price valuation, ranking it 33rd on the ZSE in terms of year-to-date performance. Investors should, however, take caution of OKZ’s recent poor performance, having lost 12% of its value in the past four weeks.

OK Zimbabwe is the seventh most traded stock on the Zimbabwe Stock Exchange over the past three months (Sep 5 - Nov 30, 2022). OKZ has traded a total volume of 21.9 million shares valued at ZWL 742 million over the period, with an average of 348,059 traded shares per session. A volume high of 5.27 million was achieved on September 13th, and a low of 2,700 on October 14th, for the same period. The table below details the last 10 trading days of activity of OK Zimbabwe on the Zimbabwe Stock Exchange.

Profile of OK Zimbabwe Limited

OK Zimbabwe Limited operates in the Consumer Services sector, specifically, the Broadline Retailers industry. The company is led by Alex Edgar Siyavora as its Chief Executive Officer, since 2017. The company's board of directors, chaired by Herbert Nkala, is composed of eight members whose names are listed below.

1. Nkala, Herbert
   Chairman
2. Siyavora, Alex Edgar
   Chief Executive Officer
3. Katsande, Albert R.
   Commercial Director
4. Lake, David B.
   Non-Executive Director
5. Kembo, Freeman T.
   Non-Executive Director
6. Maunze, Rufaro Audrey Mwanatsa
   Non-Executive Director
7. Mavima, Rose
   Non-Executive Director
8. Moyo, Rutenhuro James
   Non-Executive Director

OKZ Industrial Market Competitors

OK Zimbabwe Limited, issuers of the OKZ stock on the Zimbabwe Stock Exchange, have seven market competitors who are also engaged in the Consumer Services sector and/or Broadline Retailers industry. The table below presents an overview of their market standing.

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