EFE Securities •

2 months ago •

Market Commentary

MARKET COMMENT-11.12.2025

ZSE falters … 
The ZSE market faltered in the penultimate session of the week as the All-Share Index fell 2.61% to 256.09pts while, the Top Ten Index parred off 2.98% to 264.37pts. The Agriculture Index came off 0.67% to 185.17pts while, the Mid Cap Index shed 0.93% to 245.43pts. Cable manufacturer CAFCA headlined the losers of the day having lost 15.00% to settle at $13.6000, trailed by telecommunication company Econet that succumbed 14.63% to settle at $7.3418. Nampak trimmed 11.11% to $0.8000 while, FMP eased 7.03% to $0.7995. ZSE Holdings completed the top five worst performers of the day on a 6.28% decline to end pegged at $0.8000. Partially mitigating today’s losses was sugar refiner Star Africa that jumped 13.27% to close at $0.0300 as TN Cybertech followed on a 2.93% climb to $0.1184. CBZ Holdings grew 2.56% to $10.0000 while, NMB Holdings went up 2.40% to $5.1200. Beverages producer Delta concluded the gainers’ list of the day as it edged up 1.77% to finish at $19.3479.   
 
Activity aggregates improved in the session as turnover swelled 119.13% to $6.49m while, volumes traded surged 86.08% to 1.79m shares. The top volume drivers of the day 
were TN Cybertech (28.06%), NMB (27.64%) and Nampak (11.16%). NMB and Delta drove the value aggregate as they claimed a combined 74.91% of the total. The Tigere REIT declined 0.14% to end pegged at $1.1487 as 189,669 units exchanged hands. The Datvest MCS rose 6.38% to $0.0500 on 100 units while, Morgan and Co MCS was stable at $1.8500 on 60 units.