HIPO - Hippo Valley Estates Limited

Apr 26, 2024 at 14:03 Twitter · Facebook

HIPO share price on Zimbabwe Stock Exchange

Hippo Valley Estates Limited is engaged in the growing and milling of sugarcane and other farming operations. The Company, through its subsidiaries, is engaged in the development and sale of township stands. The Company has a 50% interest in Mkwasine Estate, which is engaged in the growing of sugarcane and other agricultural operations, and Zimbabwe Sugar Sales (Private) Limited, which acts as a broker to the sugar millers. It has a 32.56% interest in the Tokwane Consortium. The Company also has a 33.3% interest in Sugar Industries (Proprietary) Limited, which is a packer and distributor of refined sugar in Botswana, and a 49% interest in NCP Distillers (Zimbabwe) (Private) Limited, which is engaged in the conversion of molasses into alcohol.

Hippo Valley Estates Limited is listed on the Zimbabwe Stock Exchange (ZSE). Hippo Valley Estates is traded on the ZSE under the ticker symbol “HIPO”. Hippo Valley Estates Limited is currently the eighth most valuable stock on the ZSE with a market capitalization of ZiG 675 million, which makes about 2.41% of the Zimbabwe Stock Exchange equity market.

HIPO Stock Market Performance

The current share price of Hippo Valley Estates Limited (HIPO) is ZiG 3.5005. HIPO closed its last trading day (Thursday, April 25, 2024) at 3.5005 ZiG per share on the Zimbabwe Stock Exchange (ZSE), recording a 7.4% drop from its previous closing price of 3.779980 ZiG. Hippo Valley Estates began the year with a share price of 0.760388 ZiG and has since gained 360% on that price valuation, ranking it 17th on the ZSE in terms of year-to-date performance. Shareholders can be optimistic about HIPO knowing the stock has accrued 33% over the past four-week period alone—eighth best on ZSE.

Hippo Valley Estates is the 25th most traded stock on the Zimbabwe Stock Exchange over the past three months (Jan 25 - Apr 26, 2024). HIPO has traded a total volume of 700,200 shares valued at ZiG 1.88 million over the period, with an average of 11,114 traded shares per session. A volume high of 286,900 was achieved on April 25th for the same period. The table below details the last 10 trading days of activity of Hippo Valley Estates on the Zimbabwe Stock Exchange.

Profile of Hippo Valley Estates Limited

Hippo Valley Estates Limited operates in the Consumer Goods sector.

HIPO Industrial Market Competitors

Hippo Valley Estates Limited, issuers of the HIPO stock on the Zimbabwe Stock Exchange, have a number of market competitors who are also engaged in the Consumer Goods sector. The table below presents an overview of the market standing of the top nine 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