EFE Securities •

5 months ago •

Market Commentary

MARKET COMMENT-19.09.2025

Mid-Caps weigh down the market... 
ZSE slipped into the red in week-ending session as Mid Cap counters weighed down the market. The mainstream All Share Index retreated 0.59% to 206.59pts while, the ZSE Agriculture Index declined 1.50% to 166.70pts. The Mid Cap Index went down 3.01% to end at 229.02pts. Leading the losers of the day was Turnall that dropped 32.23% to $0.0476 while, tea company Tanganda dipped 14.92% to $0.6807. Zimre Holdings plummeted 14.75% to $0.2131 as TSL tumbled 14.60% to $1.5627. Star Africa succumbed 13.06% to close the day at $0.0365. Partially offsetting today’s losses was banking group CBZ that rose 0.97% to $8.1000. Trailing was Hippo that added 0.84% to $5.8500 with retailer OK Zimbabwe putting on 0.19% to $0.2405. Econet capped the risers of the day on a 0.13% lift to $4.7065.  
 
Fallers of the day outnumbered gainers by a count of four, leaving the market with a negative market breadth. Activity aggregates were mixed in the session as volumes traded 
trimmed 2.16% to 6.83m shares while, turnover surged 82.06% to $59.24m. Econet and Delta were the top traded counters by volume and value claiming a combined 93.38% of the former and 99.38% of the latter. The Tigere REIT shed 4.09% to $1.2464 while, the Revitus improved by 0.08% to close at $0.9000.