EFE Securities •

1 month ago •

Market Commentary

MARKET COMMENT 19.03.2025

ZSE records a 0.07% loss in mid-week session… 
The ZSE market recorded a 0.07% loss in the session to close at 209.10pts on the back of losses in heavies that clinched three spots in the top five losers’ list. The Blue-Chip Index was 0.44% lower at 208.14pts while, the Agriculture Index parred off 3.31% to 181.38pts. On the contrary, the Mid Cap Index was 1.18% firmer at 236.85pts. Agriculture concern Ariston led the laggards of the day as it parred off 17.15% $0.0496, trailed by BAT that retreated 10.26% to $105.0000. Tea producer Tanganda plunged 4.16% to close at a VWAP of $4.1117 while, Ecocash closed the day pegged at $0.1781 following a 1.08% decline. Telecommunications group Econet was 0.99% weaker at $4.0391 as it capped the top five worst performers list of the day. Trading in the positive category was Nampak that edged up 14.55% to $0.8700 while, banking group ZB charged 12.06% to $3.9500. Hotelier Rainbow Tourism Group edged up 7.69% to $0.7000 while, TSL charged 6.40% to $1.8000 despite recording a 9% decline in revenue for Q1. Tea producer Tanganda was 5.05% higher at $1.0505.  
 
Activity aggregates improved in the session as volumes traded ballooned 6,289.45% to 33.86m shares while, turnover surged 675.26% to close at $20.73m. In the volume category, activity was mainly confined in Star Africa that contributed 91.05% of the total traded. The duo of Delta and Econet drove the turnover aggregates of the day as it claimed a combined 66.74% of the value traded. In the ETF, no price movements were recorded as a total of 43,350 shares worth $1,955.00 exchanged hands in the session. The Revitus REIT was 8.33% down at $0.6000 while, the Tigere REIT edged up 1.91% to $1.2025.