EFE Securities •

1 day ago •

Market Commentary

MARKET COMMENT 25.04.2025

ZSE nosedives… 
The market slipped into the red in the week ending session as selected heavies dragged down the ZSE. The primary All Share Index declined 3.62% to 186.87pts while, the Blue Chips Index retreated 4.74% to 178.81pts. The Mid Cap Index retreated 0.30% to end at 238.87pts. Contrastingly, the ZSE Agriculture Index was the sole gainer amongst the indices we review as it put on 3.22% to 176.27pts. Delta was the top laggard of the day after dropping 11.36% to $12.9837 while, hotelier RTG dipped 5.97% to end at $0.6300. Ecocash tumbled 3.07% to close at $0.1260 while, banking group NMB shed 0.82% to $3.7000. Tea company Tanganda lost 0.25% to end the week at $1.0025. Partially mitigating today’s losses was BAT that charged 15.00% to $83.2600 as Star Africa jumped 2.66% to $0.0396. Telecoms giant Econet added 1.31% to $2.6977 as mining company RioZim edged up 0.57% to $0.7950. Milk processor Dairibord capped the top five gainers of the day after a 0.15% gain that took it to $1.7225.  
 
Volume of shares traded surged 62.23% to 8.78m while, turnover ballooned 367.50% to $26.57m. Top volume drivers of the day were NMB and OKZIM that claimed 56.95% and 
31.77% apiece. NMB and Delta accounted for a combined 88.17% of the total value traded. The Datvest ETF was stable at $0.0300 on 2,500 units. The Tigere REIT gave up 2.97% to settle at $1.1061 on 68,020 units worth $75,237.78.