EFE Securities •

7 months ago •

Market Commentary

MARKET COMMENT 17.07.2025

CBZ shines on the ZSE… 
CBZ Holdings highlighted the session as circa 11.03m shares worth $79.41m exchanged hands. The trade claimed 92.42% of the total volume traded and 96.88% of the total value. Turnover for the day soared 1,814.79% to $81.96m while, volume of shares traded surged 259.26% to 11.93m shares. Datvest MCS was the sole fund trade amongst its kind as 6,895 units worth $206.85 exchanged hands. The Tigere REIT added 0.10% to settle at $1.3850 on 1,057 units. Foreign purchases stood at $3,450.00 while, sales amounted to $79,505,968.00, leaving the market with a net outflow position of $79,502.518. Seventeen counters were active in the session disseminated into eight gainers, four fallers while, five traded unchanged.  
 
Zimre Holdings Limited headlined the top performers of the day having climbed 12.00% to settle at $0.2800 as banking group CBZ Holdings trailed behind on a 10.76% jump to close at a VWAP of $7.1996. Telecoms giant Econet Wireless went up 3.84% to $3.9836 while, brick manufacturer Willdale Limited edged up 2.78% to end pegged at $0.0350. Retailer OK Zimbabwe completed the top five gainers of the day on a 2.72% rebound to finish at $0.2372. Partially weighing down the market was First Mutual Holdings that dropped 6.75% to settle at $3.5900 while, sugar refiner Star Africa fell 0.56% to $0.0411. ZSE Holdings limited capped the fallers of the day on a 0.06% loss to $2.1662. The mainstream All Share Index rose 0.99% to 197.50pts while, ZSE Top Ten Index added 1.11% to 191.92pts. The ZSE Agriculture Index improved 0.10% to 154.73pts while, the Mid Cap Index grew 0.48% to 240.94pts.