EFE Securities •

3 weeks ago •

Market Commentary

MARKET COMMENT 13.05.2025

ZSE in meagre gains… 
The market recorded meagre gains in Tuesday’ session as gains in selected heavies kept the market afloat. The mainstream All Share Index grew 0.87% to close at 194.57pts while, the ZSE Top Ten Index rose 0.98% to 189.12pts. The ZSE agriculture Index gained 0.75% to 204.71pts as the Mid cap Index gained 0.53% to end at 237.60pts. Banking group CBZ surged 11.63% to $7.9100 while, SeedCo Limited edged up 8.70% to $2.7500. Tea company Tanganda added 2.21% to settle at $0.8709 as Ecocash reversed prior session losses as it edged up 0.73% to $0.1335. Star Africa capped the top five risers of the day on a 0.63%  uplift to $0.0312. Leading the fallers of the day was Zimpapers that declined 0.18% to $0.1800, trailed by OKZIM that shed 0.16% to $0.3195. Beverages company Delta was 0.12% weaker at $13.4006. A positive market breadth of six was registered in the session as nine counters gained against three which faltered. 
 
Volume of shares traded ballooned 488.50% to 3.77m to yield a turnover of $12.54m representing a 249.95% surge from prior session. Top volume drivers of the day were Ecocash (56.26%), Delta (20.04%) and Econet (10.44%). Delta claimed a hefty 80.65% of the total value traded leaving the other counters scrambling for 19.35% of the total traded. The Datvest MCS was stable at $0.0300 on 3,900 units. The Tigere REIT ticked up 1.12% to close at $1.1831 as 37,731 units exchanged hands.