EFE Securities •
8 months ago •
Market Commentary
MARKET COMMENT -2025-06-17
Mid cap counters weigh the market in Tuesday’s trades…
The market retreated in Tuesday’s session as Mid-Cap counters clinched the top five spots in the losers’ list. The All-Share Index retreated 0.10% to 193.36pts while, the Mid Cap
Index was 0.44% weaker at 224.67pts. The Blue-Chip Index was up 0.01% to close at 193.36pts while, the Agriculture Index added 0.27% to close at 159.36pts. Leading the laggards of the day was property concern FMP that contracted 3.10% to end pegged at a VWAP of $1.2495. Trailing was spirits and wines producer AFDIS that retreated 2.99% to $6.5000 while, banking group Ecocash Holdings slid 0.86% to $0.1200. Agriculture concern Ariston tumbled 0.41% to close at $0.0403 as construction company Masimba eased 0.36% to close at $3.4871 as it capped the top five shakers of the day. Trading in the positive was Tanganda that charged 7.50% to $0.9675 on 900 shares, followed by NTS that advanced 5.18% to settle at $0.7000. Roofing and tile producer Turnall closed the day pegged at $0.0700, following a 1.45% ascent in the session while, telecommunications giant Econet gained 0.11% to close at $3.9772, continuing to trade within its resistance range of $3.9000 to $3.9800. Sugar producer Hippo fastened the top five gainers of the day on a 0.02% rise to $6.9720, despite closing heavily offered in the session.
Activity aggregates were mixed in the session as volumes traded ballooned 629.25% to 46m shares while, turnover fell by 24.20% to $17.75m. In the volume category, activity was mainly skewed towards Econet that contributed 48.31% of the total traded. In the turnover category, the duo of Econet and Delta drove the aggregate as they claimed a combined 70.80% of the total traded. In the ETF category, the Morgan & CO Multi Sector ETF notched up 5.54% to $2.1496. The duo of Datvest MCS and Morgan & Co Made In Zim recorded no price movement in the session as a combined 10,992 units traded. The Revitus REIT fell 0.06% to $0.6295 while, the Tigere REIT was 0.83% weaker at $1.1896.