EFE Securities •

2 weeks ago •

Market Commentary

MARKET COMMENT 09.05.2025

NMB and Econet highlight the session… 
NMB and Econet highlighted the session as circa 5m and 5.03m shares traded in the two counters respectively. The trades accounted for a combined 91.84% of the volume aggregate and 75.84% of the value aggregate. Delta was the other notable value driver after claiming 16.10% of the total. Total volume traded ballooned 1722.78% to 10.92m while, turnover surged 989.56% to $42.33m. The Datvest MCS was the only fund to trade on the bourse as 1,000 units worth $30.0000 exchanged hands. The Tigere REIT slipped 0.04% to close at $1.1658 as 879,182 units traded while, the Revitus REIT edged up 8.33% to $0.5525.  
 
Packaging group Nampak which is trading under cautionary dropped 9.09% to end pegged at $1.0000. Banking group CBZ dipped 5.00% to $7.1250 while, Econet trimmed 1.95% to settle at $2.7029, where demand could be found. Milk processor Dairibord retreated 1.57% to $1.7225 as Ariston was 0.55% weaker at $0.0500. On the upside was cigarette manufacturer BAT that soared 13.93% to close at $139.0000. Trailing was Star Africa which jumped 11.59% to $0.0309 as mining company RioZim rose 0.63% to $0.8000. OKZIM fastened the gainers’ pack on  a 0.39% uplift that took the retailer to $0.3200. The mainstream All Share Index was 0.15% softer at 192.65pts as ZSE Top Ten shrunk 0.08% to 187.32pts. The Mid Cap Index came off 0.37% to end at 234.98pts. The ZSE Agriculture Index was the riser amongst the Indices we review as it gained 4.29% to close at 203.13pts.