EFE Securities •

4 weeks ago •

Market Commentary

MARKET COMMENT 21.03.2025

ZSE slips back into the red… 
The market slipped into the red in Friday’s session as losses in selected heavies dragged down the ZSE. The mainstream All Share Index declined 0.78% to close at 207.57pts while, the ZSE Top Ten Index retreated 1.05% to 205.53pts. The ZSE Agriculture Index and the Mid Cap Index gained 1.19% and 0.11% to close at 183.24pts and 239.22pts respectively. Leading the laggards of the day was General Beltings which dipped 14.44% to $0.0600, trailed by First Mutual Holdings that dropped 14.96% to $3.3100. Tea company Tanganda succumbed 4.81% to $1.0000 as banking group CBZ shed 4.06% to $6.5649 having traded an intraday low of $6.0000. Life assurer Fidelity trimmed 4.00% to settle at $0.4800.  Packaging group Nampak led the winners of the day on a 15.00% jump that took it to $1.1500. Trailing was BAT that grew 6.67% to $111.9995 as Proplastics edged up 1.18% to $1.0118. The duo of banking groups in ZB and NMB added 0.97% and 0.20% to close at $4.3418 and $3.7200 apiece.   
 
Volume of shares traded went down 4.79% to see 3.28m shares exchange hands while, turnover surged 6313% to $17.19m. Delta was the top traded stock by volume and value as it claimed 29.12% of total volumes and 85.94% of value outturn. Other notable volume drivers of the day were Nampak (25.27%) and General Beltings (21.82%).  No trades 
were recorded in the ETF category. The Tigere REIT rose 0.06% to $1.2500 on 41 units while, the Revitus REIT was stable at $0.5100 on 1,663 units.