EFE Securities •

7 months ago •

Market Commentary

MARKET COMMENT 09.07.2025

ZSE declines for the sixth consecutive session… 
The ZSE market declined for the sixth consecutive session as the All Share slid 0.02% to 196.34pts. The ZSE Top 10 Index shed 0.13% to 190.39pts while, the Agriculture Index retreated 2.23% to 153.66pts. Contrastingly, the Mid-Cap rose 0.29% to 241.51pts. ART headlined the fallers of the day as it succumbed 14.91% to $0.1455. Hippo plummeted 14.74% to $4.0030. Ariston dropped 12.50% to $0.0350 while, beverages giant Delta slipped 0.21% to settle at $13.1721. Dairiboard completed the shakers of the day on a 0.20% fall to $1.5100. The risers of the day were led by Zimre Holdings that garnered 12.39% to $0.2484. Hospitality group RTG jumped 7.88% to $0.6500 while, General Beltings ticked up 0.50% to $0.1005. Star Africa went up 0.05% to $0.0502 as telecommunications giant Econet added 0.01% to $3.8002. 
 
Econet, Hippo and Star Africa claimed a combined 92.16% of the volume aggregate. Value drivers of the day were Econet, Hippo and Delta that claimed a shared 99.48% of the 
aggregate. Activity aggregates were depressed as volume plunged 58.50% to 1.35m shares while, turnover dropped 56.50% to $4.90m. The Tigere REIT ticked up 0.92% to $1.3478 with 10,753 units exchanging hands. Morgan & Co ETF fell 0.47% to $2.1400 on 305 units while, Datvest ETF remained stable at $0.0310 on 9,500 units.