EFE Securities •

2 months ago •

Market Commentary

MARKET COMMENT 19.02.2025

ZSE record gains in penultimate session of the week…

The ZSE market recorded gains in the penultimate session of the week as the primary All Share Index rose 0.23% to 189.74pts while, the Blue-Chip Index gained 0.32% to 186.29pts. The Agriculture Index lost 0.31% to 154.83pts as the Mid Cap Index fell 0.02% to 222.39pts. Retailer Ok Zimbabwe headlined the top performers of the day on a 7.46% jump to $0.3278, followed by RTG that surged 7.44% to $0.6500. Telecoms giant Econet went up 0.85% to $2.7687 while, Delta charged 0.45% to close at $13.0594. Star Africa capped the gainers of the day on a 0.02% uplift to end the day pegged at $0.0281. General Beltings topped the worst performers of the day on a 14.59% retreat to $0.0600 followed by Ecocash that slipped 12.00% to $0.1739. Ariston dropped 8.33% to settle at $0.0550 as milk processor Dairibord eased 2.15% to close at $1.4379. Nampak completed the top five laggards of the day on a 1.59% slide to settle at $0.5110.

Activity aggregates declined in the session as volumes traded fell 82.87% to 839,900 shares while, turnover shed 79.49% to $3.27m. Top volume drivers of the day were Tanganda (43.63%), Delta (19.12%) and Econet (12.05%). Delta, Tanganda and Econet were the top value drivers of the day after contributing 64.07%, 17.13% and 8.56% respectively. Cass Saddle ETF ticked up 12.50% to end the day pegged at $0.0900. Tigere REIT parred off 0.10% to close at $1.1474 as a total 6,905 units exchanged hands in the name.