EFE Securities •

6 months ago •

Market Commentary

MARKET COMENT-2025-08-22

Econet highlights Friday’s session… 
Telecommunications giant Econet highlighted Friday’s session as circa 26.27m shares worth $119.10m exchanged hands in the name. The trade represented 94.41% of the total volumes traded and 96.73% of turnover. Volume of shares exchanged hands ballooned 1094.42% to 27.83m while, turnover surged 679.46% to $123.14m. The Tigere REIT was 4.16% softer at $1.1501 while, the Revitus REIT came off 0.12% to close at $0.9000. Cumulatively, 524,443 units worth $603,123.50 exchanged hands in the two REITS. The Datvest MCS was stable at $0.0300 on 1,000 units.  
 
Turnall led the risers of the day on a 100% jump that took it to $0.1300 on scrappy 3,500 shares while, FBC trailed on a 4.09% lift that took the banking group to $7.8000. Agriculture concern Ariston notched up 3.90% to $0.0400 while, ART improved 2.68% to $0.1494. Retailer Meikles put on 0.29% to end pegged at $3.5100 as it completed the top five gainers of the day. Zimpapers was the worst faller of the day as it succumbed 12.25% to $0.0702. TN CyberTech dropped 9.66% to $0.1121 while, retailer OKZIM declined 6.55% to $0.2009. Cigarette maker BAT trimmed 5.56% to end at $84.9995 while, Star Africa retreated 5.49% to $0.0430. The market closed with a negative breadth of three as ten counters faltered against seven that gained. Foreigners were net sellers in the session as outflows stood at $21.05m against inflows of $2.53m.  
 
The mainstream All Share Index rose 0.35% to close at 205.16pts while, the ZSE Top Ten Index went up 0.13% to 201.33pts. The Mid Cap Index gained 1.20% to end at 239.29pts. On the contrary, the ZSE Agriculture Index dropped 1.38% to close at 171.90pts.