EFE Securities •

3 days ago •

Market Commentary

MARKET COMMENT 29.04.2025

ZSE slips into the red… 
The ZSE market slipped into the red in the penultimate session of the month. The All Share Index fell 0.64% to 185.68pts while, the Blue Chip Index retreated 1.18% to 176.70pts. On the contrary, the Agriculture Index gained 5.87% to 186.62pts while, the Mid Cap Index rose 0.90% to 241.02pts. Beverages company Delta led the fallers of the day as it dipped 5.81% to close at $12.3061. Trailing was financial services group ZB lost 3.51% to $5.5000 as Proplastics Limited shed 1.22% to $0.8080.  Tea company Tanganda trimmed 0.02% to $1.0000 as banking group FBC slipped a negligible 0.0012% to end the day at $7.5100. Headlining the gainers of the day was CFI that jumped 14.85% to end at $6.2000 while, BAT followed on a 4.71% improvement to $100.2486. NMB edged up 4.58% to $3.8800 while, sugar manufacturer Star Africa advanced 1.03% to $0.0400. Telecoms giant Econet completed the top five gainers’ list on a 0.49% increase to $2.7135. 
 
Activity aggregates traded sideways as turnover soared 188.78% to $76.72m worth of shares traded while, volumes declined by 87.06% to 1.14m shares. Delta and Proplastics anchored the volume and value aggregates as they claimed a combined 75.66% of the former and 92.87% of the latter. The four ETFs were stable as 18,290 units worth $1,400.90 
exchanged hands. The Tigere REIT was unchanged at $1.1400 on 3,391 units while, the Revitus Property notched 15.00% to $0.5175 on scrappy 57 units.