EFE Securities •

8 months ago •

Market Commentary

MARKET COMMENT -2025-06-13

ZSE declines in mid-month session… 
The market declined in mid-month session, weighed down by losses seen across the board. The mainstream All Share Index was 2.46% softer at 194.97pts while, the ZSE Top Ten Index eased 2.69% to end at 192.75pts. The ZSE agriculture Index came off 4.43% to 161.64pts as the Mid Cap Index parred off 1.70% to 225.84pts. Leading the decliners of the day was First Mutual Holdings that receded 14.61% to $4.0000. Trailing was Hippo Valley Estates that gave up 12.86% to $6.9710 while, brick manufacturer Willdale shaved off 11.07% to $0.0400. 
Packaging group Nampak dropped 10.56% to end pegged at $0.7200. SeedCo Limited was not spared in the massacre as it shed 10.39% to $2.3751. Partially offsetting today’s losses were gains in OKZIM that charged 4.10% to $0.2800 as TSL added a negligible 0.0010% to end at $1.7200. The market registered a negative breadth of twelve as two counters gained against fourteen.   
 
Activity aggregates were mixed in the session as volumes jumped 38.96% to 6.11m shares, yielding a turnover of $26.94m which was a 16.38% decline from prior session. Volume drivers of the day were Ecocash (33.62%), Econet (33.16%), Delta (20.48%) and SeedCo (10.03%). Delta and Econet were the top traded counters by value as the duo claimed 62.18% and 29.95% apiece. No trades were registered in the ETF category. The Tigere REIT slipped 2.16% to close at $1.1976 on scrappy 8,632 units.