EFE Securities •

3 days ago •

Market Commentary

MARKET COMMENT 23.04.2025

Marginal gains in midweek session… 
The market closed the session with marginal gains as the ZSE All Share Index put on 0.67% to 192.66pts. The ZSE Top Ten Index edged up 0.95% to end at 184.62pts with the Agriculture Index jumping 2.76% to 180.10pts. On the contrary, the Mid Cap Index declined 0.10% to close at 245.26pts. Leading the risers of the day was cigarette manufacturer BAT that surged 15.00% to close at $85.1000. Following was banking group CBZ that notched up 10.93% to $7.0000 a retailer OKZIM charged 6.95% to $0.3000. Agriculture concern Ariston capped the gainers of the day on a 1.53% rise to $0.0599. Trading in the negative territory was Willdale that dipped 13.16% to $0.0330 as SeedCo Limited dropped 4.67% to $2.5262. Ecocash shed 4.29% to $0.1281 while, Mashonaland Holdings trimmed 3.68% to $0.9150. Telecoms giant Econet capped the top five fallers of the day on a 1.39% retreat to $2.6661.  
 
The market closed with a negative breadth of five as four counters gained against nine that declined. Volume traded jumped 58.33% to 450,300 shares while, turnover ballooned 151.16% to $1.48m. Volume drivers of the day were Econet and ART that claimed 52.32% and 18.10% apiece.  Econet and Delta claimed a combined 75.47% of the value aggregate. The Cass Saddle ETF jumped 50% to end pegged at $0.1000. The Tigere REIT was stable at $1.1001 as 1.07m units worth $1.18m exchanged hands.