EFE Securities •

7 months ago •

Market Commentary

MARKET COMMENT -2025-07-15

Econet block trade highlights the session… 
Econet highlighted the mid-month session as circa 56.74m shares sailed through at a negotiated price of $3.2400 which represent 2.12% of the total issued shares. The trade helped anchor the daily volumes and turnover as it claimed 99.04% of the former and 99.25% of the latter. The telecoms giant ended at VWAP of $3.8112, having traded an intra-day low of $3.8500. Activity aggregates improved in the session as volumes traded ballooned 116.29% to 53.32m, to yield a total value of $185.35m which was a 88.82% upsurge from prior session. Eleven counters were active in the session as five counters rose while, six faltered. The Tigere REIT was 0.51% down $1.3729 as 1,727 units exchanged hands in the name.  
 
Dairy processor Dairibord led the laggards of the day as it plunged 15.00% to close at $1.2835 while, the newly listed counter ZSE Holdings continued to lose traction in the session as it retreated 14.99% to $2.5500. OK Zimbabwe that is trading under a cautionary shed 14.05% to end at $0.2321 on 1,680 shares while, agriculture concern Ariston was 1.98% weaker at $0.0369. Hotelier Rainbow Tourism Group parred off 0.31% to $0.6480 as it capped the top five worst performers of the day. Trading in the positive category was Proplastics that edged up 2.42% to $1.2500 while, seed technology group SeedCo Limited was 2.07% firmer at $2.5110. Spirits and wines producer AFDIS added 0.36% to end pegged at $6.5092. Beverages producer Delta fastened the top five risers’ list of the day as it rose 0.11% to close at $13.1647. The All-Share Index was 0.23% weaker at 195.38pts while, the Mid Cap Index fell by 1.09% to 238.77pts. The Agriculture Index retreated 1.11% to 151.12pts while, on the contrary the Blue-Chip Index gained 0.06% to 189.87pts.