EFE Securities •

3 weeks ago •

Market Commentary

MARKET COMMENT 09.04.2025

ZSE rebounds in midweek session… 
The ZSE market rebounded in the midweek session as the primary All Share Index rose 0.09% to 200.75pts while, the Blue-Chip Index added 0.45% to 193.16pts. The Mid Cap Index lost 0.94% to 252.59pts while, the Agriculture Index dropped 0.01% to 169.60pts. Brick maker Willdale headlined the gainers of the day on a 5.56% jump to $0.0380, followed by Hippo that charged 5.35% to $6.3000. Beverages giant Delta firmed up 2.24% to settle at $15.2861 while, TSL closed 0.10% higher at $2.4025 on 29,500 shares. Trading in the negative was retailer OKZIM that dropped 12.69% to $0.3405 while, Ariston tumbled 11.47% to $0.0502. Banking group CBZ Holdings fell 7.14% to end the day pegged at $6.5000. Milk processor Dairibord and Proplastics eased a similar 6.03% to settle at $1.6400 and $1.0360 respectively. 
 
Activity aggregates were mixed in the session as volume traded ballooned 475.52% to 55.31m shares while, turnover succumbed 71.17% to $10.04m. Star Africa (93.34%) was the top volume driver as approximately 51.62m shares exchanged hands. Top value drivers of the day were Dairibord (38.78%), Econet (30.29%) and Star Africa (20.57%). No trades were recorded in the ETF section. Tigere REIT trimmed 0.30% to end the day pegged at $1.3325 after a total of 4,371 units exchanged hands in the name.