EFE Securities •

1 month ago •

Market Commentary

MARKET COMMENT 24.02.2025

ZSE starts new week in gains…

The ZSE market started the new week in gains as the All Share Index gained 0.49% to 190.80pts while, the Blue Chip Index added 0.72% to 187.80pts. The Agriculture Index gained 2.29% to 159.68pts while, on the contrary the Mid Cap Index lost 0.16% to 222.09pts. Brick manufacturer Willdale headlined the top performers list of the day on a 12.26% jump to $0.0240 followed by cigarette manufacturer BAT that surged 10.77% to $72.0000. Econet ticked up 6.77% to close at $3.0186 while, retailer Ok Zim surged 2.76% to $0.3200. Art capped the top five performers list of the day on a 0.98% uplift to $0.3605. Trading in the negative was Ecocash that dropped 9.06% to $0.1409 while, Star Africa shed 4.76% to $0.0286. ZBFH tumbled 4.02% to $4.5100 while, CBZ parred off 2.98% to settle at $7.5000.   Mash Holdings completed the top five worst performers list of the day on a 2.29% retreat to end the day pegged at a VWAP of  $1.5475.  The market closed on a negative breadth of two after eight counters recorded losses against six that gained.

Activity aggregates declined in the session as volume traded dropped 92.72% to 1.24m shares while, turnover shed 72.01% to $1.79m. Top volume drivers of the day were Ok Zim (72.11%), Delta (6.58%) and Ariston (5.35%). Delta, Ok Zim and Econet were the top value drivers of the day after contributing 60.19%, 16.05% and 9.82% respectively. Morgan and Co Multi Sector ETF inched up 0.03% to end the day pegged at $2.0000 on scrappy 43 units. Tigere REIT charged 0.08% to end the day pegged at $1.1495 after 12,885 units exchanged hands in the session.