EFE Securities •

3 weeks ago •

Market Commentary

MARKET COMMENT 07.04.2025

ZSE falters in week opening session… 
The ZSE market faltered in Monday’s session as the primary All Share Index lost 0.13% to 201.48pts while, the Blue-Chip Index fell 0.57% to 193.53pts. Contrastingly, the Agriculture Index rose 0.01% to 168.80pts while, the Mid Cap Index added 1.15% to 254.73pts. Mashonaland Holdings led the laggards of the day on a 13.67% dip to $0.9500, followed by retailer OKZim that slipped 2.51% to $0.3900. Ecocash dropped 0.63% to $0.1680 while, Zimre Holdings trimmed 0.17% to close at $0.3000. Beverage giant Delta capped the worst performers of the day on a 0.06% retreat to end the day pegged at $14.9002. Partially mitigating today’s losses was FMP that charged 14.89% to $1.3040, trailed by Ariston that ticked up 0.33% to $0.0568. Telecoms giant Econet surged 0.25% to close at $3.0000 while, Zimre Holdings firmed up 0.19% to $0.2705. Tea producer Tanganda completed the top five risers of the day on a 0.04% uplift to $1.0509. 
 
Activity aggregates were depressed in the session as volume traded declined 84.67% to 937,500 shares while, turnover shed 82.86% to $3.92m.  Top volume drivers of the day were Star Africa (30.71%), Delta (20.89%) and Econet (18.78%).  Delta and Econet anchored the value aggregate as they claimed 74.37% and 13.47% apiece. Cass Saddle ETF stepped up 11.11% to settle at $0.1000 while, Morgan & Co Multi Sector ETF tumbled 0.37% to $1.3370. Revitus REIT dropped 11.05% to end the day pegged at $0.4500. Tigere REIT trimmed 0.04% to settle at $1.3370 after 323,628 exchanged hands in the name.