EFE Securities •

3 days ago •

Market Commentary

MARKET COMMENT 01.04.2025

ZSE extends gains in month opening session… 
The market extended gains in the opening session of the month as the primary All Share Index put on 0.94% to 206.02pts while, the Blue-Chip Index edged up 0.64% to 200.70pts. The Mid Cap Index rose 1.85% to 249.89pts while, contrastingly, the Agriculture Index lost 0.65% to 183.66pts. Ariston headlined the top performers of the day on a 18.38% jump to $0.0599, followed by FML that charged 10.44% to $3.7548. Star Africa ticked up 3.94% to close at $0.0364 while Ecocash surged 1.80% to $0.1740. Hotelier RTG capped the top performers of the day on a 0.37% uplift to end the day pegged at $0.6825. Trading in the negative was ART that dropped 11.58% to $0.3005 while, logistics group Unifreight eased 2.83% to $1.8000. Retailer OKZim eased 1.88% to settle at $0.4100 while, beverage giant Delta completed the laggards of the day on a 0.02% retreat to $15.2399.  
 
Activity aggregates were mixed in the session as volume traded shed 11.50% to 642,800 shares while, turnover grew by 31.67% to $6.92m. Top volume drivers of the day were Delta (68.28%) and OKZim (18.65%). Delta anchored today’s turnover as it claimed a gigantic 96.73%. No trades were recorded in the ETF sector. Tigere REIT slipped 2.07% to end the day pegged at $1.2901 as 2.83m shares exchanged hands in the session. Revitus REIT inched up 0.15% to end the day pegged at $0.5059 as 2,000 units exchanged hands in the name.