EFE Securities •

4 weeks ago •

Market Commentary

MARKET COMMENT -2025-05-08

ZSE rebounds in Thursday session… 
The ZSE market rebounded in Thursday’s session as the AllShare Index rose 0.63% to 192.94pts while, the Top ten Index edged up 0.82% to 187.47pts. The Agriculture Index improved 0.09% to 194.78pts while, the Mid Cap Index added   0.07% to 235.86pts. Star Africa headlined the gainers’ list on a 18.24% jump to close at $0.0227 while, Zimre Holdings Limited trailed behind after gaining 14.64% to $0.2140. Ariston Holdings grew 11.72% to $0.0503 while, banking group CBZ Holdings soared 6.53% to end at $7.5000. Beverages manufacturer Delta 
capped the top five winners of the day as it rose 0.68% to $13.4908. Trading in the negative was Ecocash that dropped 1.17% to $0.1336 while, Hippo Valley followed on a 0.12% descend to $7.9900. Telecoms giant Econet retreated 0.06% to close at $2.7568. NMB capped the fallers of the day having retreated a negligible 0.0012% to $3.7000.  
 
Activity aggregates enhanced in the session as turnover ballooned 138.87% to $3.88m while, volume rose 27.98% to see 599,200 shares exchanging hands. Delta, Econet and NMB anchored the volume aggregate with respective contributions of 34.40%, 27.85% and 21.03%. Delta claimed a lion’s share of 71.57% of the total value traded. NMB and Econet were the other notable value drivers of the day on a combined contribution of 23.84%. The Tigere REIT fell 5.02% to end at $1.1662 as 9,679 units traded. The Revitus REIT declined 1.45% to $0.5100.