EFE Securities •

5 months ago •

Market Commentary

MARKET COMMENT-02.10.2025

ZSE retreats further... 
The market continued to weaken in Thursday’s session as mid and heavy cap counters retreated further.  The All-Share Index was 0.77% softer at 206.21pts while, the Blue Chips Index parred off 0.58% to 204.71pts. The ZSE Agriculture Index shaved off 3.57% to close at 165.95pts while, the Mid Cap Index came off 1.52% to 230.56pts.  SeedCo Limited led the fallers of the day, having dropped 14.99% to $2.9065 while, Hippo followed on a 14.84% decline that took the sugar processor to $4.7052. TN Cybertech succumbed 7.57% to $0.1008 as Econet shrunk 2.39% to $1.4294 on selling pressure. Mashonaland Holdings capped the top five losers of the day after a 1.35% loss to $1.4294. Partially offsetting today’s losses were gains in Turnall that rallied 32.50% to settle at $0.0702. Trailing was Willdale that shed 12.95% to $0.0400 as retailer OKZIM gave up 6.01% to $0.2137. TSL parred off 2.33% to close at $1.5600 as banking group NMB capped the top five gainers of the day after a 0.75% uplift to $4.0300. 
 
The risers and fallers’ spectrum was equally distributed at ten apiece. Volumes traded rose 3.53% to 3.79m shares while, turnover jumped 80.65% to $21.26m. Driving today’s volumes were Delta, Proplastics and SeedCo that claimed 23.10%, 20.98% and 14.87% apiece. Delta, FBC and CBZ accounted for a combined 80.33% of the total value traded. The Cass Saddle ETF was stable at $0.1198 as 2,000 units exchanged hands. The Tigere REIT improved 0.11% to $1.9018 while, the Revitus REIT trimmed 0.81% to $0.9919.