EFE Securities •

2 days ago •

Market Commentary

MARKET COMMENT 24.04.2025

ZSE rises further… 
The market extended gains in Thursday’s session to see the ZSE All Share Index gaining 0.63% to 193.88pts while, the Top 10 Index ticked up 1.67% to 187.70pts. The Agriculture Index fell 5.18% to 170.77pts while, the Mid Cap Index lost 2.32% to 239.58pts. Brick maker Willdale headlined the top performers of the day on a 20.63% jump to $0.0398, followed by retailer OKZIM that edged up 14.92% to $0.3448. Beverage giant Delta surged 5.59% to close at $14.6480 while, Ecocash notched up 1.47% to settle at $0.1300. Seed producer SeedCo capped the top performers of the day on a 0.15% uplift to end the day pegged at $2.5300. Trading in the negative territory was CFI that dropped 15.00% to $5.3985 on paltry 100 shares while, Zimre Holdings Limited slipped 14.97% to $0.1960. Cigarette manufacturer BAT trimmed 14.92% to settle at $72.4000 while, ZBFH tumbled 13.64% to $5.7000. FMP completed the worst performers of the day on a 7.98% retreat to end the day pegged at $1.2000. Thirteen counters recorded losses while, seven gainedto leave the market with a negative breadth of six. 
 
Activity aggregates enhanced in the session as volumes traded ballooned 1102.11% to 5.41m shares while, turnover grew by 282.73% to $5.68m. Top volume drivers of the day were OKZIM (84.14%), Econet (5.69%) and Delta (2.55%). Delta and OKZIM anchored the turnover of the day as they contributed 35.57% and 27.63% respectively. Tigere REIT inched up 3.63% to end the day pegged at $1.1400 as 1,850 units exchanged hands in the name.