EFE Securities •

8 months ago •

Market Commentary

MARKET COMMENT -2025-06-23

Gains persist into the new week… 
ZSE gains persisted into the new week as the All Share Index added 0.15% to 193.34pts while, the Top 10 Index rose 0.01% to 189.70pts. The Agriculture Index gained 1.03% to 156.03pts as the Mid-Cap Index edged up 0.59% to 229.43pts. Leading the gainers of the day was Willdale that jumped 13.96% to $0.0400, trailing was TSL that advanced 11.15% to close at $1.9118. Sugar refiner Star-Africa soared up 9.56% to $0.0550 while, Ecocash followed closely behind with a 9.24% leap to $0.1379. Mashonaland capped of the top five gainers for the day with a 3.10% lift to close at $1.2355. On the other hand, NTS declined 4.93% to $0.6655 while, Tanganda shed 1.73% to $0.9600. Telecommunications giant Econet slipped 1.71% to $3.6851, similarly packaging company Nampak slid 0.31% to $0.8025. Wrapping up the top five laggards of the day was OKZIM that retreated 0.15% to close at $0.3001.

 
Volumes traded plunged 55.49% as approximately 2.86m shares exchanged hands meanwhile, turnover dropped 96.41% to $1.38m. General Beltings and NTS claimed 68.31% and 13.34% of the total volumes traded apiece.  Delta, NTS, Nampak and General Beltings claimed a combined 75.76% of the turnover. Cass Saddle ETF eased 5.97% to $0.1500 on 300 units. Morgan & Co MIZ ETF was stable at $0.0500 on 15,000 units. The Revitus REIT was unchanged at $0.6300 as 5 units exchanged hands while, the Tigere REIT shed 0.32% to $1.1500 
as 5,257 units traded.