EFE Securities •

2 months ago •

Market Commentary

MARKET COMMENT 17.02.2025

ZSE losses persist into the new week…

Losses of the ZSE persisted into the new week as the primary All Share Index lost 0.48% to 188.48pts while, the Blue-Chip Index fell 0.57% to 184.62pts. The Agriculture Index eased 0.82% to 153.90pts while, the Mid Cap Index went down 0.25% to 222.34pts. Ecocash led the laggards of the day on a 9.74% dip to $0.2296, followed by cigarette manufacturer BAT that slipped 4.41% to $65.0000. Mashonaland Holdings dropped 3.18% to settle at $1.6483 while, property concern FMP trimmed 2.97% to $0.9990. RioZim capped the worst performers of the day on a 0.83% retreat to end at $1.0690. Trading in the positive was seed producer SeedCo that jumped 1.59% to $2.5703 while, Ariston charged 1.01% to $0.0600. Telecoms giant Econet firmed up 0.84% to close at $2.5556 while, Star Africa surged 0.46% to end the day pegged at $0.0286. Beverage giant Delta completed the top performers of the day on a 0.02% lift to end the day pegged at $13.0026.

Activity aggregates were mixed in the session as volumes traded succumbed 41.85% to 944,300 shares while, turnover grew by 64.12% to $4.73m. Volume drivers of the day were Ecocash (37.75%), Delta (17.83%) and Econet (10.75%). Delta and BAT were the top value drivers of the day after contributing 46.33% and 34.66% respectively. Datvest ETF tumbled 0.02% to close at $0.0300. Tigere REIT shed 0.04% to settle at $1.1495 after 2,087,940 units exchanged hands in the name.