EFE Securities •

3 weeks ago •

Market Commentary

MARKET COMMENT 24.03.2025

ZSE losses extend into the new week… 
The ZSE market extended losses into the new week as the All Share Index retreated 0.25% to 207.06pts. The Blue-Chip Index was 0.70% weaker at 204.08pts while, the Agriculture Index fell 0.95% to 181.51pts. On the contrary, the Mid Cap Index was 1.24% firmer at 242.19pts. Leading the laggards of the day was seed producer SeedCo Limited that plunged 7.30% to $3.8923 while, telecommunications giant Econet continued to lose ground in the session as it fell 4.05% to $3.8301. Sugar processor Star Africa was 1.70% weaker at $0.0393 while, Ecocash closed pegged at $0.1725 following a 0.72% decline. Bankers CBZ capped the top five worst performers of the week on a 0.13% loss to $6.5563. Property concern First Mutual led the risers of the day as it charged 5.02% to $0.9972 while, Fidelity garnered 4.17% to $0.5000. Agriculture concern Ariston added 1.23% to $1.0502 as tea company Tanganda rose 1.00% to $1.0100. TSL completed the top five winners of the day on a 0.65% lift that took it to $1.5500. 
 
Activity aggregates were mixed in the session as volumes traded declined by 33.60% to 2.18m shares while, turnover increased by 50.85% to $25.93m. Delta dominated the activity aggregates of the day as it claimed 75.29% of the total volume traded and 97.82% of the total value traded. The Other notable volume driver was First Mutual Properties that accounted 18.10% of the total. In the ETF category, no price movements were recorded as 15,531 units worth $690.00exchange hands. The Tigere REIT was 14.40% up at $1.4300 while, the Revitus REIT eased 0.98% to $0.5050.