EFE Securities •

1 month ago •

Market Commentary

MARKET COMMENT 04.03.2025

ZSE rebounds in Tuesday’s session… 
The ZSE market rebounded in Tuesday’s as it reversed prior session’s losses. The All Share Index rose 1.22% to 206.19pts while, the Blue Chip Index gained 1.76% to 207.37pts. The Agriculture Index eased 1.14% to 177.24pts while, the Mid Cap Index fell 0.51% to 225.52pts. Telecoms giant Econet headlined the top performers of the day on a 13.41% jump to $3.5330, followed by cable manufacturer Cafca that surged 10.00% to $22.0000. Ecocash inched up 5.17% to $0.1819 while, Star Africa went up 4.44% to close at $0.0400. Banking group FBC completed the top five gainers’ list of the day on a 0.21% uplift to end the day pegged at $7.4854. Trading in the negative was tea producer Tanganda that dropped 14.97% to $1.0006 while, TSL tumbled 5.66% to $1.6001. RioZim lost 4.21% to settle at $1.0240 while, Delta slipped 0.30% to $15.0001. Ciggarette manufacturer BAT capped the top five fallers the day on a 0.13% retreat to end the day pegged at $117.0000.   
 
Activity aggregates enhanced in the session as volume traded jumped 205.32% to 4.48m shares while, turnover declined by 42.29% to $7.93m. Tanganda was the top traded stock by volume and value after contributing 75.30% to the total volume traded and 42.61% to turnover. Other notable value drivers of the day were Delta (31.38%) and TSL (15.11%). A total of 18,500 units exchanged hands in the ETF section. Tigere REIT ticked up 0.33% to settle at $1.1100 on 1.23m units exchanged hands in the name. Revitus REIT trimmed 4.12% to end the day pegged at $0.8630.