EFE Securities •

1 month ago •

Market Commentary

MARKET COMMENT 17.03.2025

Heavies weigh the market in Monday’s trades… 
The ZSE market retreated in Monday’s session as the All-Share Index fell 0.61% to 209.64pts while, the Blue-Chip Index was 0.79% weaker at 209.96pts. On the contrary, the Agriculture Index was 0.50% up to settle at 187.61pts while, the Mid Cap gained a mere 0.002% to settle at 232.60pts. Leading the laggards of the day was First Mutual Holdings that parred off 10.85% to settle at a VWAP of $3.8925, followed by Proplastics that shed 10.55% to $1.0000. Logistics concern Unifreight that is trading under cautionary slipped 5.00% to $1.9000 while, banking group CBZ was 3.47% lower at $7.5000. Lone miner RioZim shed 2.11% to $1.0000 as it capped the top five worst performers list of the day. Dairy processor Dairibord led the risers of the day as it edged up 5.55% to $1.6914 while, sugar processor Star Africa advanced 5.08% to $0.0399. Packaging group Nampak charged 2.64% to end trading$ 0.7595 while, Econet rose 0.80% to $4.0534 despite having reached a high of $4.5000. Sugar producer Hippo closed the day pegged at $6.1565 following a 0.60% ascent.  
 
 Activity aggregates were mixed in the session as volume traded fell by 18.56% to 490,270 shares while, turnover ballooned 303.35% to see $16.69m exchanged hands. Telecommunications company Econet dominated the activity aggregates of the day as it contributed 71.06% of the volume and 84.62% of the value traded. Other notable volume driver was Proplastics that claimed 24.55% of the total traded. The Cass Saddle ETF edged up 12.50% to $0.0900 on 3,225 units. In the Reit Category, the Revitus REIT declined 3.05% to $0.7700 as scrappy 5 units traded in the name while, the Tigere REIT was 0.35% weaker at $1.1800.