EFE Securities •

1 month ago •

Market Commentary

MARKET COMMENT 20.02.2025

ZSE in meagre gains ahead of the Youth Day…

The market capped the week in marginal gains ahead of the Youth Day commemorations tomorrow. The mainstream All Share Index added 0.07% to end at 189.87pts while, the ZSE Top Ten Index rose 0.09% to 186.46pts. The ZSE Agriculture Index improved 0.82% to 156.10pts while, Mid Cap Index firmed up 0.03% to 222.45pts. SeedCo Limited headlined the winners of the day on 15.00% upsurge to $3.2200 as Agriculture concern Ariston jumped 9.09% to $0.0600. Star Africa grew 6.71% to $0.0300 while, Econet charged 2.11% to settle at $2.8272. Delta completed the top five gainers of the day on a 0.65% uplift to $13.1439. Tea Company Tanganda led the fallers of the day on 15.00% drop to $1.3005, trailed by Ecocash that tumbled 10.93% to $0.1549. Zimre Holdings declined 5.54% to $0.2550 as retailer OKZIM pared off 4.99% to $0.3114. Mashonaland Holdings shed 3.88% to $1.5844 as it completed the top five shakers of the day.

Volumes traded ballooned 1,935.97% to 17.09m shares while, turnover swelled 95.37% to $6.39m. The top volume and value driver of the day was Zimre Holdings that traded circa 13.9m shares worth $3.56m. The trade accounted for 81.84% of the total volume traded and 55.80% of turnover. The other notable value drivers of the day were Mashonaland Holdings (16.83%) and Delta (15.47%). No trades were recorded on the ETF front. The Tigere REIT ticked up 0.11% to $1.1486 on 1,435 units while, the Revitus Property was stable at $0.9000 on 11 units.