EFE Securities •

3 months ago •

Market Commentary

MARKET COMMENT 13.01.2025

ZSE records gains in week opening session…

The market recorded gains in the week opening session as the primary All Share Index rose 0.23% to 208.84pts while, the Blue-Chip Index added 0.37% to 207.37pts. The Agriculture Index lost 0.0001% to 177.76pts as the Mid Cap Index eased 0.23% to 239.68pts. Telecoms giant Econet headlined the top performers of the day on a 9.85% jump to $3.0010, followed by Zimre Holdings that charged 6.66% to $0.1600. Ecocash Holdings put on 4.74% to close at $0.2915 while, beverages giant Delta ticked up 0.03% to end the day pegged at $13.9716. ART led the laggards of the day on a 14.80% dip to $0.2015 while, Mashonaland Holdings dropped 12.20% to $1.8000. Proplastics tumbled 11.50% to settle at $1.0000 while, Star Africa fell 0.14% to $0.0200. Seed producer SeedCo limited completed the fallers of the day on a 0.04% retreat to settle at $2.1000. The market closed on a negative breadth of two after six counters recorded losses against four that faltered.

Activity aggregates were depressed in the session as volume traded declined by 91.93% to 825,600 shares while, total value traded shed 92.07% to $903,977.00. Top volume drivers of the day were Proplastics (51.85%), Ariston (22.09%) and Ecocash (11.22%). Proplastics, Delta and SeedCo anchored the total value traded after contributing 47.36%, 25.50% and 8.69% respectively. A total of 48,920 units exchanged hands in the ETF section. Morgan & Co Multi sector ETF dropped 0.11% to $1.9977 while, OMTT ETF closed 1.30% weaker at $0.1900. Tigere REIT firmed up 0.03% to end the day pegged at $1.2000 after 1.48m shares exchanged hands in the name. Revitus REIT slipped 0.98% to settle at $0.9225.