EFE Securities •
2 months ago •
Market Commentary
MARKET COMMENT-16.12.2025
ZSE records a 0.13% gain in Tuesday’s trades…
The ZSE market recorded a 0.13% gain in Tuesday’s trades to 250.16pts, while, the Mid Cap Index was 1.28% firmer at 253.17pts. On the contrary, the Agriculture Index plunged 10.29% to 168.49pts while, the Blue-Chip Index eased 0.03% to settle at 255.81pts, mainly weighed down by losses in Econet and CBZ. First Mutual Holdings and Hippo were the top risers of the day as the duo added an identical 15% to close at $1.9895 and $7.1470 apiece. FMP surged 14.97% to $0.9540 as Mashonaland Holdings charged by 9.89% to $1.6039. Bankers NMB ticked up 0.98% to settle at $5.1500, as it capped the top five winners of the day. Leading the laggards of the day was cigarette maker BAT that dropped 6.51% to $100.0000 as Econet shed 3.10% to settle at $6.2950 despite declaring a Q3 interim dividend of US$0.006. SeedCo Limited let go 2.50% to $3.9000, with tea company Tanganda retreating 0.99% to $0.7100. Banking group CBZ completed the top five fallers of the day after a 0.06% loss to $10.0000. The market closed with a negative breadth of one as six counters faltered against five that gained.
Activity aggregates faltered in the session as volumes fell by 62.19% to see 900,844 shares worth $6.14m exchange hands, representing a 82.76% decline in turnover. Top volume drivers of the day were Econet and SeedCo that claimed a combined 68.95% of the total. Anchoring the value aggregate was the duo of Econet and Delta that claimed 51.40% and 24.50% respectively. Elsewhere, Econet Wireless Zimbabwe Limited has resolved to voluntarily delist from the Zimbabwe Stock Exchange due to trading at a significant discount to African peers and will offer eligible shareholders an exit opportunity funded through cash and shares in its newly established infrastructure subsidiary, Econet InfraCo, which will hold the company's real estate, towers and power assets with Econet retaining 70% ownership and allocating up to 30% towards the exit offer, before listing InfraCo on the Victoria Falls Stock Exchange.