EFE Securities •

1 month ago •

Market Commentary

MARKET COMMENT 14.03.2025

ZSE extend gains in mid-month trades… 
The market extended gains in mid-month session as the primary All Share Index rose 0.30% to 210.93pts while, the Blue-Chip Index added 0.35% to 211.63pts. The Agriculture 
Index went up 0.93% to 186.69pts while, the Mid Cap Index firmed up 0.14% to 232.60pts. Headlining the top performers of the day was brick maker Willdale that jumped 16.76% to $0.0350, followed by Mashonaland Holdings that surged 13.11% to $1.1000. Nampak charged 12.04% to close at $0.7400 while, milk processor Dairibord ticked up 9.39% to $1.6025. TSL completed the top five winners of the day on a 5.74% uplift to end pegged at $1.6918. Trading in the negative was Ecocash that slipped 9.06% to $0.1800 while, tea producer Tanganda fell 3.36% to $1.0050. Ariston tumbled 0.09% to settle at $0.0599 while, beverages giant Delta trimmed 0.05% to end the day pegged at $15.4508. The market closed with a positive breadth of four as eight counters recorded gains against four that faltered.  
 
Activity aggregates declined in the session as volume traded eased 1.25% to 602,000 shares while, turnover shed 8.51% to $4.14m. Top volume drivers of the day were Delta (38.26%), Econet (17.62%) and Nampak (12.06%).  Delta and Econet were the top value drivers of the day as they contributed 86.00% and 10.31% respectively. Datvest ETF was stable at $0.0300 as 10,226 units traded.  Tigere REIT dropped 8.91% to end the day pegged at $1.1842 after a total of 6,910 units exchanged hands in the session.