ZECO tops local bourse

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ZECO Holdings’ (ZECO) stock is leading the Zimbabwe Stock Exchange (ZSE) gainers this year, having so far put on 560 percent, official figures show.
The property investment and development firm, which just recently pivoted from being a rolling stock company, has been technically undervalued for years, with a market anchoring capitalisation of about $15 million against a book value of $2,5 billion as at June 30, 2022.

It has been repricing, although at a glacial pace due to its illiquidity. The counter is the least frequently traded on the exchange. It was involved in only six trades this year.