EFE Securities •

1 week ago •

Market Commentary

MARKET COMMENT 22.04.2025

Selected heavies drag the ZSE… 
The ZSE commenced the trading week in losses as selected top capitalised counters weighed on the market. The primary All Share Index fell 3.48% to 191.38pts while, the Blue-Chip Index lost 5.05% to 182.89pts. Contrastingly, the Agriculture Index inched up 0.75% to 175.27pts while, the Mid Cap Index ticked up 1.19% to 245.51pts. ART led the laggards of the day on a 15.00% drop to $0.2210, followed by Ecocash that slipped 10.98% to $0.1339. Insurer FML trimmed 9.09% to close at $4.0000 while, beverage giant Delta tumbled 8.87% to $13.8976. Telecoms giant Econet capped the top five decliners of the day on a 1.46% retreat to end pegged at $2.7036. Partially mitigating today’s losses was seed producer Seed Co that charged 8.57% to $2.6500 while, brick maker Willdale firmed up 5.02% to $0.0380. Zimre Holdings Limited completed the top three risers list of the day on a 0.11% rise to $0.2305. The market closed with a negative breadth of four as seven counters recorded losses against three that gained.  
 
Activity aggregates were depressed in the session as volume traded dropped 48.23% to 284,400 shares while, turnover dipped 89.15% to 591,168 shares. Volume drivers of the day were Ecocash (49.44%), Star Africa (14.10%) and Delta (11.95%). Delta, SeedCo and Econet were the top value drivers of the day, contributing 79.93%; 8.11% and 6.91% 
respectively. Tigere REIT surged 13.41% to end the day pegged at $1.1011  as  13,023 units exchanged hands in the session.