OMU - Old Mutual Limited
Old Mutual (Zimbabwe) Limited is a diversified international financial services group listed on the stock exchange in London, South Africa, Malawi, Namibia and Zimbabwe. The group has a reputation for integrity, financial strength and value-for-money, and is dedicated to satisfying client needs for wealth creation and protection – in profitable ways. Old Mutual has solid foundations established on one core promise: the commitment to always deliver value to its clients. Old Mutual Zimbabwe offers services to Zimbabwe-based clients via a focused range of products including Life Assurance, Asset Management, Unit Trusts, Property Development and Management, Short-term Insurance and Banking Services. Clients include most of the large local institutions and the major multinationals represented in Zimbabwe as well as individuals. Old Mutual has conducted business in Zimbabwe for over 110 years.
NOTE: Shares of Old Mutual Limited are currently suspended from trading on the Zimbabwe Stock Exchange (ZSE) since close of trading on Monday, August 3, 2020. Old Mutual is traded on the ZSE under the ticker symbol “OMU”. Old Mutual Limited is currently the third most valuable stock on the ZSE with a market capitalization of ZWL 400 billion, which is about 11% of the entire Zimbabwe Stock Exchange equity market.
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OMU Stock Market Performance
The current share price of Old Mutual Limited (OMU) is ZWL 81.9906. OMU closed its last trading day (Friday, June 26, 2020) at 81.9906 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 0.2% drop from its previous closing price of 82.1284 ZWL. Old Mutual began the year with a share price of 36.5003 ZWL and has since gained 125% on that price valuation. Investors should, however, take caution of OMU’s recent bad performance, having lost 9% of its value in the past four weeks.
Old Mutual has traded a total volume of 2.53 million shares valued at ZWL 157 million over the past three months (Mar 27 - Aug 3, 2020), with an average of 40,178 traded shares per session. A volume high of 258,500 was achieved on May 13th for the same period. The table below details the last 10 trading days of activity of Old Mutual on the Zimbabwe Stock Exchange.
Profile of Old Mutual (Zimbabwe) Limited
Old Mutual (Zimbabwe) Limited operates in the Financials sector, specifically, the Insurance industry. The company is led by J. Mushosho as its Group Chief Executive Officer. The company's board of directors, chaired by J. Gawaxab, is composed of 10 members whose names are listed below.
- Gawaxab, J.
- Mushosho, J.
Group Chief Executive Officer
- Mashinya, I. T.
- Mudekunye, N. T. T.
Group Finance Director
- Benecke, D.
- Johnson, T. M.
- Mahlangu, M. P.
- Mandevani, K.
- Tsumba, L. L. (Dr.)
- Williamson, I. G.
Factsheet of Old Mutual (Zimbabwe) Limited
- Mutual Gardens, 100 The Chase West, Emerald Hill, Harare, Zimbabwe
- +263-4-308-400, 0800-4302 (Toll-free)
OMU Industrial Market Competitors
Old Mutual (Zimbabwe) Limited, issuers of the OMU stock on the Zimbabwe Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Insurance industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
|ZIMR||Zimre Holdings Limited||17.6B||11.50||+186%|
|FCA||First Capital Bank Limited||71.4B||32.8640||+109%|
|FBC||FBC Holdings Limited||66.3B||98.4655||+58.8%|
|NMB||NMBZ Holdings Limited||21.3B||51.7170||+37.3%|
|FMP||First Mutual Properties Limited||20.2B||16.26||+35.5%|
|CBZ||CBZ Holdings Limited||121B||175.6627||+30.1%|
|FIDL||Fidelity Life Assurance Limited||3.27B||30.00||+25%|
|MASH||Mashonaland Holdings Limited||21.6B||11.5222||+24.6%|
|GBZW||GetBucks Microfinance Bank Ltd||26.8B||23.00||+5.5%|
|ZBFH||ZB Financial Holdings Limited||18.3B||104.25||-7.7%|