EFE Securities •

4 months ago •

Market Commentary

MARKET COMMENT-03.11.2025

ZSE retreats in month opener… 
The ZSE market retreated in the first session of the month as the primary All Share Index lost a negligible 0.01% to 213.66pts while, the Agriculture Index fell 0.16% to 182.82pts. The Mid Cap Index eased 0.86% to 240.29pts while, on the contrary the Blue-Chip Index gained 0.21% to close at 211.79pts. Star Africa topped the laggards of the day on a 28.19% decline to $0.0283, followed by milk processor Dairibord that slipped 12.50% to $1.7950. FBC trimmed 10.23% to close at $7.0021 while, Mashonaland Holdings dropped 6.76% to $0.8391. Turnall capped the laggards of the day on a 4.76% dip to end the day pegged at $0.1200. Banking group CBZ Holdings headlined the top performers of the day on a 12.21% jump to $8.7500, followed by RTG that firmed up 9.52% to $1.1500. Tea producer Tanganda went up 6.87% to $0.7500 while, SeedCo added 5.75% to settle at $4.0000. TN Cybertech capped the top five winners of the day on a 2.12% uplift to end the day pegged at $0.1100. The market closed with a negative breadth of four after twelve counters recorded gains against eight that faltered. 
 
Activity aggregates were mixed in the session as volumes fell 6.33% to 413,200 shares while, turnover grew by 76.38% to $3.85m.  Top volume drivers of the day were Delta (41.94%); FBC (37.17%) and TN Cybertech (8.69%). Delta and FBC were the top traded stocks in terms of value as they contributed 70.15% and 27.93% respectively. The Datvest ETF was flat at $0.0400 as 3,240 units exchanged. The Tigere REIT dropped 0.42% to end the day pegged at $1.5037 as 8,543 units exchanged hands in the name.