EFE Securities •

2 months ago •

Market Commentary

MARKET COMMENT 27.02.2025

Gains in selected heavies lifts the market… 
Gains in selected heavies lifted the ZSE in the penultimate session of the month. The mainstream All Share Index grew 2.20% to 201.34pts while, the ZSE Top Ten Index edged up 
2.78% to close at 202.25pts. The ZSE Agriculture Index rose 2.27% to 171.06pts while, the Mid Cap Index improved 0.56% to 220.59pts. Construction company Masimba headlined the winning pack after a 14.98% surge to $3.6334, trailed by BAT that garnered 14.29% to $105.1448. Cable manufacturer CAFCA jumped 11.11% to $20.0000 as Turnall soared 9.56% to $0.0550. Packaging group Nampak held the fifth position of the gainers’ pack after a 7.63% charge to settle at $0.5500. Trading in the negative territory was SeedCo limited that trimmed 6.76% to $3.0000 with property concern FMP declining 4.84% to $0.9495. Hippo Valley Estates slipped 4.25% to end at $6.0995 while, Mashonaland Holdings lost 3.33% to $1.4500. Logistics company Unifreight came off 2.94% to close 
the day at $1.9800.  
 
Volumes of shares traded ballooned 223.80% to 2.28m while, turnover ballooned 176.84% to $10.33m. First Mutual Holdings and Econet claimed a combined 75.35% of the volume aggregate. Value outturn was anchored by First Mutual Holdings (38.07%), Delta (28.58%) and Econet (24.71%). The Cass Saddle ETF dropped 11.11% to close at 
$0.0800 on 6,000 units while, the Datvest MCS was unchanged at $0.0300 on 126,347 units. The Tigere REIT traded 1,133 units at a stable price of $1.1200.