EFE Securities •

9 months ago •

Market Commentary

MARKET COMMENT -2025-05-15

ZSE in meagre gains… 
The market recorded meagre gains in Tuesday’ session as gains in selected heavies kept the market afloat. The mainstream All Share Index grew 0.87% to close at 194.57pts while, the ZSE Top Ten Index rose 0.98% to 189.12pts. The ZSE agriculture Index gained 0.75% to 204.71pts as the Mid cap Index gained 0.53% to end at 237.60pts. Banking group CBZ surged 11.63% to $7.9100 while, SeedCo Limited edged up 8.70% to $2.7500. Tea company Tanganda added 2.21% to settle at $0.8709 as Ecocash reversed prior session losses as it edged up 0.73% to $0.1335. Star Africa capped the top five risers of the day on a 0.63%  uplift to $0.0312. Leading the fallers of the day was Zimpapers that declined 0.18% to $0.1800, trailed by OKZIM that shed 0.16% to $0.3195. Beverages company Delta was 0.12% weaker at $13.4006. A positive market breadth of six was registered in the session as nine counters gained against three which faltered. 
 
Volume of shares traded ballooned 488.50% to 3.77m to yield a turnover of $12.54m representing a 249.95% surge from prior session. Top volume drivers of the day were Ecocash (56.26%), Delta (20.04%) and Econet (10.44%). Delta claimed a hefty 80.65% of the total value traded leaving the other counters scrambling for 19.35% of the total traded. The Datvest MCS was stable at $0.0300 on 3,900 units. The Tigere REIT ticked up 1.12% to close at $1.1831 as 37,731 units exchanged hands.