EFE Securities •

1 month ago •

Market Commentary

MARKET COMMENT 25.03.2025

ZSE rebounds… 
The ZSE market rebounded in Tuesday’s session reversing prior session’s losses.  The primary All Share Index put on 0.46% to 208.01pts while, the Agriculture Index went up 0.25% to 181.97pts. The Mid Cap Index rose 2.03% to 247.11pts while, on the contrary the Blue-Chip Index lost 0.04% to 204.00pts. FMP headlined the top performers of the week on a 13.76% jump to $1.1344, followed by Proplastics that surged 6.94% to $1.0820. Milk processor Dairibord stepped up 2.86% to close at $1.8000. FML charged 1.75% to $3.3680 while, General Beltings firmed up 0.40% to end the day pegged $0.0602. Trading in the negative was telecoms giant Econet that dropped 0.79% to $3.8000 while, retailer OKZim retreated 0.68% to $0.4539. Beverage giant Delta and FBC slipped a similar 0.01% to settle at $15.4586 and $7.5095 respectively. Cable manufacture CAFCA Limited capped the laggards of the day on a 0.002% decline to end the day pegged at $22.0000. Eleven counters recorded gains against five that faltered to leave the market on a positive breadth of six.  
 
Activity aggregates were mixed in the session as turnover dropped 67.60% to $8.40m while, volumes declined 37.85% to $8.40m. Top volume drivers of the day were Star Africa (62.42%), Delta (15.41%), Dairibord (8.77%) and FMP (5.79%). Delta and Dairibord dominated the turnover of the day as they contributed 85.19% and 5.64% respectively. Datvest ETF exchanged 1,000 units flat at $0.0300 while, Cass Saddle ETF exchanged 300 units at $0.0900. Revitus REIT inched up 9.41% to end the day pegged at $0.5525. Tigere REIT advanced 5.13% to close at $1.5033 after 297 units exchanged hands in the name.