EFE Securities •

2 months ago •

Market Commentary

MARKET COMMENT 18.02.2025

NMB propels today’s activity aggregates…

NMB propelled today’s activity aggregates as circa 4.00m shares worth $14.88m exchanged hands in the session. The banking group claimed 81.65% of the volume traded and 93.32% of the turnover. The other notable value driver was OK Zimbabwe that contributed 13.86% to the total traded. Activity aggregates improved in the session as volumes ballooned 418.84% to 4.90m shares while, turnover increased by 237.42% to $15.95m. In the ETF category, the Cass Saddle ETF advanced 14.29% to $0.0800. The Tigere REIT fell 0.09% to $1.1485 as 1.93m units traded in the name.

Life Assurer Fidelity led the risers list of the day as it edged up 14.86% to $0.4600 while, seed producer SeedCo Limited garnered 8.94% to $2.8000. Telecommunication group Econet was 7.42% higher at $2.7453 while, cable manufacturer Cafca added 1.39% to close at $18.2500. Bankers NMB capped the top five gainers of the day as it eked out 0.54% to $3.7200. Trading in the negative category was Ecocash that continued to face selling pressure on the board as it plunged 13.90% to $0.1976 on 2,900 shares while, Nampak retreated 13.46% to $0.5192. Sugar processor Star Africa closed the day pegged at $0.0281 following a 1.70% decline while, retailer OK Zimbabwe shed 1.18% to $0.3050. General Beltings fell 0.35% to $0.0703 as it capped the top five worst performers’ list of the day. The ZSE market recovered in the session as the All Share Index rose 0.44% to 189.31pts while, the Blue-Chip Index was 0.59% firmer at 185.70pts. The Agriculture Index inched up 0.91% to 155.31pts while, the Mid Cap Index gained 0.04% to 222.44pts.