EFE Securities •

4 months ago •

Market Commentary

MARKET COMMENT-22.10.2025

ZSE recovers in mid-week session… 
ZSE recovered in mid-week session, reversing yesterday’s losses. The primary All Share Index rose 2.27% to 205.76pts while, the Blue-Chip Index added 2.08% to 202.86pts. The 
Agriculture Index grew 2.23% to close at 181.94pts as the Mid Cap Index edged up 3.00% to 236.22pts. Leading the winners’ pack was Turnall that garnered 67.60% to $0.1210, followed by Hippo Valley Estates that surged 14.83% to $6.20000. Econet Wireless jumped 10.71% to close at VWAP of $4.9945, having traded a high of $5.0000 in the session. Insurer FML charged 9.48% to $1.1962 as TSL was 1.90% up at $2.1500. Ariston overturned previous day’s gains after a 14.91% decline that took it to $0.0237. Trailing was CBZ that shed 2.66% to $7.2550, closing with a spread of $7.2400-$7.5000. Meikles retreated 0.60% to $3.3447 as Willdale trimmed 0.43% to $0.0380. Tea company Tanganda was 0.06% down at $0.7895. Ten counters gained against six which faltered to see the market closing with a positive breadth of four.  
 
Activity aggregates were depressed in the session as volumes traded succumbed 25.02% to 548,100 shares while, turnover plummeted 89.80% to $502,891.13. Ariston and Willdale claimed 57.51% and 15.62% of volume aggregate apiece. Delta, Hippo and Meikles anchored turnover with respective contributions of 27.68%, 22.07% and 20.82%. The Cass Saddle ETF was stable at $0.1100 on scrappy 20 units. The Tigere REIT gained 0.28% to $1.7500 on 198,221 units while, the Revitus REIT was unchanged at $1.2425 on 2,200 units.