EFE Securities •

6 days ago •

Market Commentary

MARKET COMMENT 28.03.2025

ZSE falters in penultimate session… 
The market faltered in the penultimate session of the month as Econet and OKZim dragged down the ZSE. Mashonaland Holdings led the laggards of the day on a 8.41% retreat to close at $1.0075 while, Star Africa dipped 5.37% to $0.0350. Hotelier RTG dropped 2.86% to $0.6800 as Econet slipped 1.33% to $3.5446. Retailer OKZIM completed the top five fallers of the day on a 1.28% decline to $0.4250. On the contrary, TSL surged 8.81% to $2.1000 while, cigarette manufacturer BAT ticked up 4.27% to $108.4381. Brick maker Willdale jumped 3.32% to $0.0380 while, Proplastics grew 1.66% to $1.1000. Turnall capped the top five risers of the day on a 0.40% to $0.0502.  
 
Activity aggregates were depressed in Friday’s session as volumes succumbed 38.77% to 726,300 shares while, value outturn plummeted 68.60% to $5.25m. Delta, Ecocash, OKZIM and Nampak claimed a combined 79.48% of the volume aggregate. Delta was the top traded counter by value as it accounted for 87.53% of the aggregate. The Datvest ETF was at $0.0300 as 406,528 units while, Morgan and Co ETF was unchanged at $1.9000 on 30 units. The Tigere REIT slipped 14.92% to $1.2932 as 3.90m units while, the Revitus REIT shed 8.99% to $0.5051.