Tech Analysis | Economic Data Analysis | Not Financial Advice
Harare, Zimbabwe
Joined July 2022
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Trading volume for #ECONET_INFRACO increased 13x in the first month of Q4, with the stock trading at its lowest prices.
Is this accumulation or capitulation?
#SIMBISA
4 years ago, huge volumes at higher prices pushed the stock from approx US$2 to $0.38.
Volume profile this years shows too much activity at the current price range
Analysis review
#Simbisa continues to drop after breaking a temporary support.
We witnessed massive accumulation this week and InnBucks news didn’t save the share price.
Week closed at $158.03, a more than 10% drop
nitter.gq/zsetech/status/1556535…
Top 5 Zimbabwean listed Companies by number of shares
(Rounded to 1 (b) dp)
1. StarAfrica. 4,7 billion shares
2. Old Mutual. 4.5 billion shares
3. Turnal. 4.3 billion shares
4. TN Cybertech 4.2 billion shares
5. Econet InfraCo 2.99 billion shares.
Zimbabwe’s 5 Most Expensive Listed Shares
(22/10/2026)
Caledonia Mining = $37.00 (VFEX)
Nedbank ZDR = $16.00 (VFEX)
WestProp = $14.00 (VFEX)
BAT ( ZiG 190) ≈$7.15 (ZSE)
Padenga. ≈$1.49 (VFEX)
NEDBANK drawing rights are trading at a discount in both America and Zimbabwe:
Closing Price: $17.53
ADR : $16.85
ZDR: $16.17
Yesterday, Nedbank ZDR traded 252 times its 20 day volume average and closed at $16
#ECONET_INFRACO is forming an important bottoming pattern:
· 21 Aug: new low of 21.5¢ (left shoulder)
· 21 Sep: new low of 19.9¢ (head)
· 21 Oct: potential right shoulder at 21.3¢, followed by a recovery 🤔
A textbook symmetrical inverse head-and-shoulders pattern?
Top 5 Most Valuable Zimbabwean Banks
1. CBZ : $633m
2. FCB: $355m
3. FBC: $339m
4. TN: $139,5m
5. NMBZ: $125.
On 27 April 2022, Innscor ZSE share price was ZWL613.96
US$3.86 (IBR)
$1.66. (PMR)
It is still the highest price point (on Parallel Rate Chart) since 2022.
CEOs of Selected Zimbabwe’s Listed Companies
- Delta - Matlhogonolo M. Valela
- Padenga - Michael J. Fowler
- Econet - Douglas Mboweni
- Innscor - Julian Schonken
- Simbisa - Basil Dionisio
- Old Mutual Zim- S. Mutsekete
- CBZ - L Nyazema
How many of these CEOs did you know?
In the last run, Simbisa reached 93¢ in April 2022.
It is still the highest price in the last 5 years
Consumer Staples Performance since the introduction of ZiG:
Delta (ZiG) ~ 424%
Innscor (USD) ≈ 201%
Simbisa (USD) ≈ 97.5%
An interesting observation:
Foreign and dual-listed companies feature among VFEX's underperformers.
What is driving this weakness?
Any economic explanation?
As expected, #Axia reverses right at the rectangle target.
#TechnicalAnalysis
#AXIA reached its long term target last week.
Here is the Technical Analysis based on a weekly chart.
Monthly Chart for SeedCo Ltd (ZSE) is telling us another story.
This is the last line of defense before we test H&S support.
Banks' Share performance over the past 2 years
1. CBZ. 935%
2. First Capital. 730.6%
3. FBC. 700%
4. NMBZ. 513%
5. ZB. 275%
6. Steward/TN. 272.5%
#AXIA reached its long term target last week.
Here is the Technical Analysis based on a weekly chart.
