ZECO - Zeco Holdings Limited

Apr 23, 2024 at 13:54 Twitter · Facebook

ZECO share price on Zimbabwe Stock Exchange

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 44th most valuable stock on the ZSE with a market capitalization of ZiG 8,340.

ZECO Stock Market Performance

The current share price of Zeco Holdings Limited (ZECO) is ZiG 0.000018. ZECO closed its last trading day (Thursday, February 29, 2024) at 0.000018 ZiG per share on the Zimbabwe Stock Exchange (ZSE), recording a 13% gain over its previous closing price of 0.000016 ZiG. Zeco began the year with a share price of 0.000016 ZiG and has since gained 12.4% on that price valuation, ranking it 38th on the ZSE in terms of year-to-date performance.

Zeco Holdings is the 39th most traded stock on the Zimbabwe Stock Exchange over the past three months (Jan 22 - Apr 23, 2024). ZECO has traded a total volume of 3,500 shares valued at ZiG 0.06 over the period, with an average of 56 traded shares per session. A volume high of 3,500 was achieved on February 29th 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.

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.

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