EFE Securities •

3 months ago •

Market Commentary

MARKET COMMENT 15.01.2025

ZSE slips into red…

The ZSE market slipped into red in the midweek session as the primary All Share Index lost 0.90% to 207.72pts while, the Blue-Chip Index fell 0.74% to 206.85pts. The Agriculture Index eased 2.57% to 173.20pts as the Mid Cap Index went down 1.62% to 235.80pts. Masimba Holdings Limited led the laggards of the day on a 9.09% drop to $3.0000, followed by Star Africa that trimmed 7.55% to $0.0225. Cafca tumbled 4.88% to settle at $19.5000 while, banking group CBZ plunged 0.70% to $8.5000. Cigarette manufacturer BAT completed the fallers of the day on a 0.05% retreat to end the day pegged at $105.0000. Partially mitigating today’s losses was Hippo that went up 0.66% to $5.2713 while, retailer OK Zimbabwe ticked up 0.44% to $0.3533. Ecocash inched up 0.17% to settle at $0.3000 while, telecoms giant Econet firmed up 0.08% to close at $2.9947. The market closed with a negative breadth of six after ten counters recorded losses against four that gained.