EFE Securities •

3 days ago •

Market Commentary

MARKET COMMENT 06.05.2025

ZSE rebounds in Tuesday’s session…
The ZSE market rebounded in Tuesday’s trades as all the four Indices we review closed pointing northwards. The All-ShareIndex was 1.45% firmer at 191.93pts while, the Blue-Chip Index edged up 1.50% to 185.70pts. The Agriculture Index was 1.76% higher at 194.35pts while, the Mid Cap Index advanced 1.32% to close pegged at 237.60pts. Headlining the gainers’ list of the day was Star Africa that charged 80.84% to close trading at $0.0398 while, cigarette producer BAT was 5.82% up at $122.0000. Brick manufacturer Willdale added 5.57% to $0.0400 while, beverages producer Delta inched up 2.83% to close at a VWAP of $13.3769. Banking company Ecocash gained 2.19% to $0.1330 as it fastened the top five risers of the day. Partially weighing down the market was Ariston that parred off 1.93% to $0.0440, followed by Econet that retreated 0.82% to end trading at $2.7509.

Activity aggregates improved in the session as volumes traded ballooned by 1209.13% to $17.49m shares while, turnover grew by 34.75% to $11.84m. Ecocash drove the volume 
aggregates in the session as it contributed 90.33% of the total. Turnover drivers of the day were Delta, Ecocash and Dairibord that claimed a combined 95% of the value outturn. The Tigere REIT was 8.27% higher at $1.2519 on 4,174 units.