EFE Securities •

7 months ago •

Market Commentary

MARKET COMMENT 14.07.2025

ZSE downtrend continues into the third week… 
The ZSE downtrend continued into the third week as the mid cap counters weighed on the market. The mainstream AllShare Index fell 0.04% to 195.83pts while, the Mid Cap Index fell 0.19% to 241.40pts. On the contrary, the Blue-Chip Index edged up 0.02% to 189.75pts while, the Agriculture Index rose 0.03% to 152.82pts. ZSE Holdings led the fallers of the day on a 10.77% retreat to end pegged at $2.9995 while, retail company OKZIM lost 2.02% to close at $0.2700. Meikles Limited whose suspension was lifted today, registered a 0.06% loss to land at $3.5000 as 200 shares were exchanged hands in the conglomerate. Ecocash Holdings parred off 0.05% to $0.1250 while, TSL Limited capped the losers of the day on a 0.04% retreat to settle at $2.8465. Trading in the positive was ART Corporation that climbed 9.27% to settle at $0.1590 as SeedCo Limited followed on a 0.41% uplift to $2.4600. Sugar refiner Star Africa grew 0.24% to $0.0407 while, Proplastics went up 0.12% to $1.2205. Telecoms giant Econet completed the gainers’ list on a 0.10% increase to close at $3.8043.   
 
Activity aggregates enhanced in the session as turnover soared 150.95% to $98.17m while, volumes traded surged 112.95% to 26.50m shares. NMB Holdings took the spotlight in the session as the banking group anchored both the volume and value aggregates claiming 93.98% and 93.88% apiece after 24.91m shares were traded in the session. Cass Saddle ETF fell 0.54% to $0.1480 as 700 units were traded in the session while, the Tigere REIT edged up 0.55% to $1.3800 as 400,710 units exchanged hands in the session.