PROL - Proplastics Limited

Sep 28, 2023 at 20:05 Twitter · Facebook

PROL share price on Zimbabwe Stock Exchange

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 23rd most valuable stock on the ZSE with a market capitalization of ZWL 133 billion, which makes about 1.3% of the Zimbabwe Stock Exchange equity market.

PROL Stock Market Performance

The current share price of Proplastics Limited (PROL) is ZWL 531.90. PROL closed its last trading day (Thursday, September 28, 2023) at 531.90 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording an 11.4% drop from its previous closing price of 600.00 ZWL. Proplastics began the year with a share price of 33.00 ZWL and has since gained 1,512% on that price valuation, ranking it third on the ZSE in terms of year-to-date performance. Shareholders can be optimistic about PROL knowing the stock has accrued 15% over the past four-week period—14th best on ZSE.

Proplastics is the 18th most traded stock on the Zimbabwe Stock Exchange over the past three months (Jun 28 - Sep 28, 2023). PROL has traded a total volume of 1.67 million shares valued at ZWL 839 million over the period, with an average of 26,519 traded shares per session. A volume high of 1 million was achieved on September 28th 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.

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.

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