EFE Securities •

4 months ago •

Market Commentary

MARKET COMMENT-23.10.2025

Heavies anchor the market… 
The ZSE market buttressed prior sessions gains on a 0.43% increase to 206.65pts mainly anchored by gains in heavy cap counters. The Blue-chip Index was 1.05% firmer at 204.99pts spurred by gains in Hippo, Delta and CBZ. The Agriculture Index was 0.75% up at 183.31pts while, on the contrary the Mid Cap Index was 1.90% lower at 231.72pts as its constituents clinched the top five losers list of the day. Leading the risers list of the day was Hippo that advanced 4.84% to $6.5001 while, beverages producer Delta was 2.97% up at $14.9326 on constrained supply. Dairibord rose by 1.56% to $1.3305 while, bankers TN eked out gains of 0.96% to settle at $0.1005. Banking giant CBZ was 0.93% up at $7.3223 as 35,863 shares exchanged hands in the name. Trading in the negative category was agriculture concern Ariston that parred off 13.78% to $0.0204, trailed by property concern Mashonaland Holdings that dropped 4.25% to $0.9775. Turnall was 2.45% weaker at $0.1181 while, Zimre fell by 2.39% to close pegged at $0.1813. Brick maker Willdale was 2.14% down at $0.0372. The market closed with a negative breadth of four as eleven counters faltered against seven that advanced.  
 
Activity aggregates improved in the session as volumes traded rose by 174.37% to 1.50m shares while, turnover ballooned 1,520.60% to $8.15m. Activity was mainly confined in Econet that claimed 82.17% of the volume traded and 75.51% of the turnover traded. The other notable value driver of the day was Delta that claimed 16.73% of the total traded. In the ETF category, the Morgan & CO ETF was 9.96% down at $0.0360 while, the Datvest MCS was 2.96% up at $0.0399. The Tigere REIT was 14.35% down at $1.4989 as 154,110 units traded in the name.