EFE Securities •

2 days ago •

Market Commentary

MARKET COMMENT 17.04.2025

ZSE in lacklustre trades ahead of Independence and Easter Holidays… 
The market recorded marginal gains in Thursday’s session ahead of the Independence and Easter holidays. The ZSE All Share Index rose 0.02% to 198.29pts while, the ZSE Top Ten Index added 0.54% to close at 192.61pts. The Mid Cap Index and the ZSE Agriculture Index were down 1.48% and 0.01% to end at 242.62pts and 173.97pts respectively. Banking group CBZ headlined the winners of the day after charging 9.09% to end at $6.3100. Tea company Tanganda ticked up 0.42% to $1.0050 as bankers NMB improved 0.01% to $3.7306. Trading in the negative was retailer OKZIM that eased 5.74% to $0.2828 while, Proplastics declined 5.00% to $0.9500. Brick makers Willdale retreated 4.78% to $0.0362 while, Econet lost 0.56% to $2.7437. Star Africa capped the top five shakers of the day after a 0.46% loss to $0.0401.  
 
The market registered a negative breadth of five as three counters gained against eight which faltered. Foreign purchases stood at $62,225.00 while, sales amounted to $1,984,025.00. Volume of shares traded went up 1.99% to 549,400 shares while, turnover surged 343.45% to $5.45m. Delta was the top traded stock by volume and value claiming 60.67% of the former and 93.28% of the latter. Proplastics was the other notable volume driver with a 19.82% contribution to the aggregate. A mere 35 units traded in the Cass Saddle ETF as all the other three recorded no trades. The Tigere REIT dropped 14.95% to settle at $0.9700 after 6.68m units worth $6.48m exchanged hands in the session.