PROL - Proplastics Limited
Proplastics is a leading supplier of world class plastic pipe systems for water and sewer reticulation to the Zimbabwe and Southern African markets. The company was established in 1965 and has attained ISO 9001:2008, ISO 14001:2004, and OSHSAS: 18001 certifications. Proplastics is also certified to the South African Bureau of Standards (SABS), the Standards Association of Zimbabwe (SAZ) and a member of the Southern Africa Plastic Pipe Manufacturers Association (SAPPMA). Proplastics Limited's vision is to be the market leader in pipe systems solutions in Zimbabwe with a significant market share in the SADC region. Key markets are in the areas of Irrigation, Mining and Civil Engineering, Telecommunications, Building and Plumbing, and Boreholes. Proplastics operates principally from its premises in Ardbennie, Harare but has a distribution branch in Bulawayo.
Proplastics Limited is listed on the Zimbabwe Stock Exchange (ZSE). Proplastics is traded on the ZSE under the ticker symbol “PROL”. Proplastics Limited is currently the 27th most valuable stock on the ZSE with a market capitalization of ZWL 12.5 billion, which makes about 0.442% of the Zimbabwe Stock Exchange equity market.
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PROL Stock Market Performance
The current share price of Proplastics Limited (PROL) is ZWL 50.00. PROL closed its last trading day (Friday, July 1, 2022) at 50.00 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 1.3% drop from its previous closing price of 50.6381 ZWL. Proplastics began the year with a share price of 28.9983 ZWL and has since gained 72.4% on that price valuation, ranking it 21st on the ZSE in terms of year-to-date performance. Investors should, however, take caution of PROL’s recent poor performance, having lost 23% of its value in the past four weeks.
Proplastics is the 32nd most traded stock on the Zimbabwe Stock Exchange over the past three months (Mar 31 - Jul 1, 2022). PROL has traded a total volume of 780,600 shares valued at ZWL 52.1 million over the period, with an average of 12,390 traded shares per session. A volume high of 321,400 was achieved on May 16th for the same period. The table below details the last 10 trading days of activity of Proplastics on the Zimbabwe Stock Exchange.
Profile of Proplastics Limited
Proplastics Limited operates in the Industrials sector.
Factsheet of Proplastics Limited
- 5 Spurn Road, Ardbennie, PO Box CY 1199, Causeway, Harare, Zimbabwe
PROL Industrial Market Competitors
Proplastics Limited, issuers of the PROL stock on the Zimbabwe Stock Exchange, have a number of market competitors who are also engaged in the Industrials sector. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
|ZECO||Zeco Holdings Limited||13.3M||0.0288||+500%|
|CFI||CFI Holdings Limited||39.2B||370.00||+295%|
|AXIA||Axia Corporation Limited||59.3B||107.4375||+258%|
|INN||Innscor Africa Limited||224B||397.4165||+145%|
|LACZ||Lafarge Cement Zimbabwe Limited||12B||150.00||+87.5%|
|ARTD||Amalgamated Regional Trading||8.86B||19.00||+81.8%|
|NPKZ||Nampak Zimbabwe Limited||11B||14.50||+30%|
|TURN||Turnall Holdings Limited||2.48B||5.00||+21.9%|