EFE Securities •

4 weeks ago •

Market Commentary

MARKET COMMENT 20.03.2025

ZSE rebounds… 
The ZSE market rebounded in the penultimate session of the week as the primary All Share Index put on 0.05% to 209.20pts while, the Mid Cap Index added 0.89% to 238.96pts. The BlueChip Index eased 0.21% to 207.71pts as the Agriculture Index fell 0.16% to 181.09pts. Nampak headlined the top performers of the day on a 14.95% jump to $1.0000, followed by brick maker Willdale that surged 13.96% to $0.0400. Banking group ZBFH charged 8.86% to close at $4.3000 while, milk processor Dairibord went up 5.73% to $1.8000. Seed producer SeedCo Limited capped the top five performers of the day on a 4.58% to end the day pegged at $4.3000. Trading in the negative territory was TSL that dropped 14.44% to $1.5400, trailed by retailer OKZim that slipped 5.33% to $0.4716. ART tumbled 2.89% to settle at $0.3399 while, Star Africa trimmed 2.77% to $0.0400. Banking group CBZ Holdings completed the top five fallers of the day on a 2.24% decline to settle at $6.8429.  
 
Activity aggregates faltered in the session as volumes traded fell 89.82% to 3.45m shares while, turnover shed 48.29% to $10.54m. Top volume drivers of the day were Star Africa (33.23%), Proplastics (30.23%), Delta (15.72%) and Nampak (7.36%). Delta and Proplastics were the top value drivers of the day as they contributed 79.52% and 9.89% respectively. Cass Saddle ETF was stable at $0.0900 on 2,200 units while, the Datvest ETF traded 18,000 units at an unchanged price of $0.0300. Revitus REIT dropped 15.00% to $0.5100 while, Tigere REIT firmed up 3.88% to end the day pegged at $1.2492 after 2,822 units exchanged hands in the session.