EFE Securities •

1 month ago •

Market Commentary

MARKET COMMENT 05.05.2025

Losses persist on the bourse… 
The market continued to lose traction in the new week as Econet and Delta weighed on the bourse. The primary All Share Index lost 1.04% to 189.19pts while, the Blue-Chip Index dropped 1.32% to 182.97pts. The Agriculture Index fell 0.02% to 190.98pts while, the Mid Cap Index tumbled 0.19% to 234.50pts. Telecoms giant Econet led the laggards of the day on a 7.06% retreat to $2.7736 while, brick maker Willdale slipped 5.28% to $0.0379. Nampak parred off 4.31% to close at $1.1000 while, beverages giant Delta trimmed 1.23% to $13.0085. Tea producer Tanganda capped the top five shakers of the day on a 0.74% decline to $0.8506. Partially mitigating today’s losses was Star Africa that jumped 10.04% to $0.0220 while, FBC ticked up 0.80% to $7.6000. Mashonaland Holdings Limited edged up 0.78% to settle at $0.9070 while, banking group CBZ rose 0.53% to $7.0373. Ecocash completed the top performers of the day on a 0.18% uplift to end the day pegged at $0.1302.   
 
Activity aggregates enhanced in the session as total volume traded ballooned 613.07% to 1.34m shares while, turnover surged 4,099.17% to $8.79m.  FBC was the top traded counter by volume and value as it claimed 78.05% of the former and 90.21% of the latter.  A total of 4,030 units exchanged hands in the ETF segment. The Datvest ETF traded 3,000 units at $0.0300 while, the Cass Saddle ETF was also stable at $0.0900 on 800 units. The Tigere REIT added 0.54% to end the day pegged at $1.1562 as 2,279 units exchanged hands in the session.