EFE Securities •

6 months ago •

Market Commentary

MARKET COMENT-2025.09.02

ZSE stretches gains as the week progresses... 
ZSE stretched gains in Tuesday’s session to see the primary AllShare Index adding a further 0.17% to 209.07pts while, the Top 10 Index edged up 0.19% to 206.67pts. The Mid Cap Index rose 0.10% to 237.23pts while, on the other hand, the Agriculture Index fell a negligible 0.01% to 177.95pts. Proplastics took the lead on the top five performers board having gained 11.73% to settle at $1.4525 with brick manufacturer Willdale trailing behind on a 7.53% charge to close at $0.0400. Construction company Masimba Holdings climbed 6.25% to $1.9125 while, telecoms giant Econet went up 1.33% to $4.5905. Banking group FBC Holdings capped the top five gainers list on a 0.85% rise to end pegged at $7.8900. Partially weighing down the market was sugar refiner Star Africa that retreated 11.13% to settle at $0.0400 as retailer OKZIM followed on a 5.89% dip to finish at $0.2500. Beverages manufacturer Delta parred off 0.36% to $14.1138 while, SeedCo Limited shed 0.26% to $3.7899. ZSE Holdings completed the top five losers list on a 0.03% loss to close at $1.9775. 
 
Activity aggregates were mixed in the session as turnover ballooned 231.55% to $37.00m while, volumes traded plunged 28.17% to 8.23m shares. Econet highlighted the session as it drove both the volume and value aggregates claiming 90.90% and 92.89% a piece. In the ETF category, the Datvest MCS grew 3.3% to $0.0310 as 250,000 units exchanged hands in the session. The Tigere and Revitus REIT dropped 0.86% and 1.11% as 26,813 and 3,720 units exchanged hands in the session respectively.