EFE Securities •

3 months ago •

Market Commentary

MARKET COMMENT-01.12.2025

Econet glimmers in month-opener… 
A block trade in Econet highlighted the market in monthopener as circa 3.17m shares worth $17.48m exchanged hands in the session. The trade accounted for 82.55% of the total volume traded and 87.23% of the turnover. Volume of shares traded ballooned 134.42% to 3.85m shares while, turnover soared 360.80% to $20.03m. The Tigere REIT declined 1.02% to close at $1.2392 on 9,280 units while, the Revitus REIT was stable at $1.2025 on 10 units.   
 
Leading the gainers of the day was First Mutual Holdings that garnered 14.99% to settle at $1.5705, trailed by Zimpapers that surged 13.64% to $00800. SeedCo Limited edged up 12.93% to $3.9525 as TSL charged 11.11% to $2.5000. Retailer OKZIM capped the top five shakers of the day on a 6.29% lift that took it to $0.1648. ZSE Holdings was the top laggard of the day having succumbed 14.52% to close at $0.9325. Following was Proplastics the retreated 9.76% to $0.9000 as agriculture concern Ariston trimmed 6.36% to $0.0300. Meikles shed 4.93% to trade at $3.4858 while, TN Cybertech slid 0.58% to $0.1205. The market closed with a negative breadth of six as thirteen counters gained against seven that declined. The mainstream All Share Index gained 0.60% to close the day at 236.39pts while, the ZSE Top Ten Index edged up 0.46% to 236.75pts. ZSE Agriculture Index grew 2.69% to 190.76pts while, the Mid Cap Index went up 1.26% to 256.15pts.