EFE Securities •

1 week ago •

Market Commentary

MARKET COMMENT 05.03.2025

Marginal record gains in mid-week session… 
The market recorded marginal gains in mid-week session as mid and small cap counters occupied the top five spots. The ZSE All Share Index rose 0.30% to end at 206.81pts while, the ZSE Top Ten Index put on 0.30% to close at 207.99pts. The ZSE Agriculture Index added 0.53% to 178.18pts while, the Mid Cap Index improved 0.19% to 225.95pts. Packaging group Nampak jumped 8.60% to close at $0.6000, trailed by Willdale that surged 4.53% to $0.0300. Star Africa ticked up 4.51% to $0.0418 with SeedCo Limited putting on 2.78% to end at a VWAP $3.5459. TSL advanced 2.00% to settle at $1.6321. ZB was the lone faller of the day as it dropped 7.12% to $4.0100.  
 
Activity aggregates were depressed in the session as volume traded succumbed 80.82% to 860,300 shares while, turnover tumbled 43.86% to $4.45m. Delta, Proplastics and Star Africa claimed a combined 83.85% of the volume aggregate. Delta claimed a lion’s share of 85.17% of the value aggregate. Datvest MCS declined 1.39% to end at $0.0296 on 62,200 units while, Morgan and Co MCS was stable at $2.0000 on 140 units. The Revitus REIT came off 6.82% to $0.8041 while, the Tigere REIT grew 0.73% to $1.1181. A total of 7,765 units worth $8,567.58 traded in the REIT section.