EFE Securities •

1 day ago •

Market Commentary

MARKET COMMENT -2025-05-21

ZSE maintains a positive momentum in mid-week session… 
The ZSE market maintained a positive momentum in mid-week session as the All Share Index rose 0.17% to 194.50pts while, the Blue Chip Index added 0.40% to 188.07pts.  The Agriculture Index eased 0.65% to 191.46pts while, the Mid Cap Index lost 0.50% to 241.22pts. Star Africa headlined the risers of the day on a 75.14% jump to $0.0630, followed by Mashonaland Holdings that charged 11.57% to $1.0600. Ecocash ticked up 0.49% to close at $0.1305 as banking group FBC inched up 0.01% to close at $7.6005. Telecoms giant Econet capped the top performers of the day on a negligible 0.004% rise to settle at $2.7406. Trading in the negative territory was ZBFH that dropped 14.44% to $4.0000 while, retailer OKZIM slipped 9.56% to $0.3500. Seed producer SeedCo Limited parred off 6.65% to $2.8005 while, CBZ dropped 0.43% to $7.1565. Banking group NMB completed the top five laggards of the day on a 0.27% retreat to end at $3.7000.  
 
Activity aggregates improved in the session as volume traded jumped 27.09% to 12.88m shares while, turnover grew by 85.24% to $47.71m. Top volume drivers of the day were 
Econet (52.21%) and NMB (39.50%). The trio of NMB, Econet and Delta highlighted the turnover after contributing 39.45%, 38.63% and 18.00% respectively. Cass Saddle ETF firmed up 14.96% to close at $0.1322 after 8,000 units exchanged hands in the name. Tigere REIT charged 1.67% to end the day pegged at $1.2200 on 84,017 units.