ZECO - Zeco Holdings Limited
Zeco Holdings is a Harare-based engineering company established in 2007. Through its subsidiaries, Zeco builds rail wagons and locomotives for utilities in Zambia, Tanzania, Mozambique, Ethiopia, and Kenya. The company also manufactures roller shutters, lift up garage doors, steel windows and door frames, burglar bars, and filling cabinets, as well as agricultural implements. In May 2008, Zeco acquired all the assets held by Corbett Holdings (Pty) Ltd and its operating subsidiaries, namely Electrical and Mechanical Suppliers and Importers Ltd, Halgor Estate, FaiT Lux, and Zimplastic Ltd. The company began trading on the Zimbabwe Stock Exchange in February 2008 after raising Z$20.2 million from a fully subscribed issue. The value of the capital, however, was severely eroded by the prevailing hyper inflationary conditions of the time. In the 2013 fiscal year, the company's revenue declined by 60 percent from $1.5 million to $600,000 resulting in the suspension of its listing status on the Exchange when it failed to publish its annual financial report.
Zeco Holdings Limited is listed on the Zimbabwe Stock Exchange (ZSE) since February 1st, 2008. Zeco is traded on the ZSE under the ticker symbol “ZECO”. Zeco Holdings Limited is currently the 53rd most valuable stock on the ZSE with a market capitalization of ZWL 15.3 million, which makes about 0.0007% of the Zimbabwe Stock Exchange equity market.
|Last Trading Results|
|Day’s Low Price|
|Day’s High Price|
|Number of Deals||0|
|Growth & Valuation|
|Earnings Per Share|
|Dividend Per Share|
ZECO Stock Market Performance
The current share price of Zeco Holdings Limited (ZECO) is ZWL 0.0331. ZECO closed its last trading day (Thursday, September 22, 2022) at 0.0331 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 14.9% gain over its previous closing price of 0.0288 ZWL. Zeco began the year with a share price of 0.0048 ZWL and has since gained 590% on that price valuation, ranking it first on the ZSE in terms of year-to-date performance.
Zeco Holdings is the 50th most traded stock on the Zimbabwe Stock Exchange over the past three months (Aug 31 - Nov 25, 2022). ZECO has traded a total volume of 5,900 shares valued at ZWL 195 over the period, with an average of 94 traded shares per session. A volume high of 5,900 was achieved on September 22nd for the same period. The table below details the last 10 trading days of activity of Zeco on the Zimbabwe Stock Exchange.
Profile of Zeco Holdings Limited
Zeco Holdings Limited operates in the Industrials sector.
Factsheet of Zeco Holdings Limited
- Box 2301, Harare
ZECO Industrial Market Competitors
Zeco Holdings Limited, issuers of the ZECO 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.
|CFI||CFI Holdings Limited||38B||358.00||+283%|
|AXIA||Axia Corporation Limited||34.8B||63.10||+110%|
|INN||Innscor Africa Limited||181B||321.0785||+97.7%|
|LACZ||Lafarge Cement Zimbabwe Limited||10B||125.00||+56.3%|
|ARTD||Amalgamated Regional Trading||7.18B||15.40||+47.4%|
|MSHL||Masimba Holdings Limited||18.1B||75.00||+36.4%|
|TURN||Turnall Holdings Limited||1.99B||4.00||-2.47%|
|WILD||Willdale Zimbabwe Limited||4.14B||2.2952||-25.8%|