EFE Securities •

3 weeks ago •

Market Commentary

MARKET COMMENT 08.04.2025

Heavies drag down the ZSE … 
Heavy cap counters dragged the market into the red in Tuesday’s session. The All Share Index trimmed 0.45% to 200.58pts while, the ZSE Top Ten Index shed 0.64% to 192.29pts. Closing the day in the positive was the Mid Cap Index that added 0.11% to 255pts and the ZSE agriculture Index that put on 0.48% to 169.61pts. The top decliner of the day was SeedCo Limited which succumbed 12.64% to $2.9000, followed by Econet which dropped 6.36% to $2.8093 as 8.31m shares traded in the name. BAT plunged 5.65% to $82.0811 while, agriculture concern Ariston slipped 0.17% to $0.0567. Insurer First Mutual Holdings retreated 0.11% to $4.3952 as it capped the top five shakers of the day. Agriculture concern Ariston headlined the winners of the day on a 14.99% surge to $6.3510 as Hippo charged 13.29% to $5.9800. Brick manufacturer Willdale jumped 13.16% to $0.0360 as mining house RioZim garnered 7.27% to $0.9300. Milk processor Dairibord went up 2.66% to settle at $1.7453.  
 
Volume of shares traded ballooned 925.09% to 9.61m while, turnover swelled 787.53% to end at $34.82m. Econet claimed 86.52% of the total volumes traded and 67.09% of the value outturn. The other notable value driver was Delta that claimed 26.23% of the aggregate. The Morgan and Co MIZ ETF was stable at $0.0500 on 60,000 units. The Tigere REIT lost 0.04% to $1.3365 on 7,750 units.