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.
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ZECO Stock Market Performance
The current share price of Zeco Holdings Limited (ZECO) is ZWL 0.0012. ZECO closed its last trading day (Thursday, September 2, 2021) at 0.0012 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 100% gain over its previous closing price of 0.0006 ZWL. Zeco began the year with a share price of 0.0002 ZWL and has since gained 500% on that price valuation, ranking it 10th on the ZSE in terms of year-to-date performance. Shareholders can be optimistic about ZECO knowing the stock has accrued an outstanding 300% over the past four-week period alone—best on ZSE.
Zeco Holdings is the 49th most traded stock on the Zimbabwe Stock Exchange over the past three months (Jun 28 - Sep 24, 2021). ZECO has traded a total volume of 300 shares valued at ZWL 0.24 over the period, with an average of 5 traded shares per session. A volume high of 200 was achieved on September 1st 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.
|WILD||Willdale Zimbabwe Limited||6.04B||3.3496||+1,141%|
|LACZ||Lafarge Cement Zimbabwe Limited||7.51B||93.9023||+1,074%|
|GBH||General Beltings Holdings Limited||1B||1.8665||+833%|
|NPKZ||Nampak Zimbabwe Limited||9.68B||12.8125||+461%|
|TURN||Turnall Holdings Limited||2.14B||4.30||+362%|
|MSHL||Masimba Holdings Limited||10.6B||43.6667||+265%|
|INN||Innscor Africa Limited||76.3B||135.1075||+264%|
|ZIMW||Zimplow Holdings Limited||3.79B||15.9007||+218%|