EFE Securities •

1 month ago •

Market Commentary

MARKET COMMENT 13.03.2025

ZSE eke out gains… 
The market recorded minimal gains in Thursday’s session despite losses witnessed in selected heavies. The All Share Index added 0.02% to 210.30pts while, the ZSE Agriculture Index rose 1.64% to 184.97pts. The Mid Cap Index edged up 0.81% to close at 232.28ps while, on the contrary the ZSE Top Ten Index trimmed 0.21% to 210.90pts. Leading the risers’ pack was SeedCo which surged 11.26% to $4.2936, trailing was FML that jumped 9.24% to $4.3663. Tea company Tanganda rose 3.02% to $1.0400 as Econet improved 0.17% to $4.0022. Retailer OK Zimbabwe capped the top five gainers of the day on a 0.11% lift to $0.4605. On the downside was Mashonaland Holdings retreated 14.69% to $0.9725 while, Ecocash succumbed 8.63% to $0.1979. Life assurer Fidelity dropped 3.85% to $0.5000 as ART trimmed 2.91% to $0.3500. Mining house RioZim capped the fallers on a 0.09% trim to $1.0216. 
 
Activity aggregates were mixed in the session as volumes traded plummeted 30.41% to 609,600 shares while, turnover jumped 45.19% to $4.52m. Volume leaders of the day were Delta, Econet FML and OKZIM that claimed a combined 84.83%. Delta and Econet claimed a shared 85.43% of the total value traded in the session. No price movements were registered in the ETF category, a total of 27,582 units exchanged hands. The Revitus property slipped 1.24% to $0.7942 on 300 units while, the Tigere REIT was stable at $1.3000 on 4,921 units.