EFE Securities •

7 months ago •

Market Commentary

MARKET COMMENT -2025-07-16

ZSE rebounds in midweek session… 
The market rebounded in mid-week session after a 10-day losing streak. The All-Share Index gained 0.09% to 195.56pts while, the Agriculture Index climbed 2.29% to 154.58pts. The Mid-Cap Index edged up 0.43% to 239.80pts while, on the contrary the ZSE Top Ten Index shed 0.03% to 189.81pts. Willdale led the gainers of the day having surged 13.67% to $0.0341 while, SeedCo Limited rallied 11.51% to $2.8000. Sugar producer Hippo Valley Estates trailed on a 9.59% advancement to $4.0000 as dairy processor Dairibord jumped 5.38% to $1.3525. NMB completed the top five gainers of the day on a 4.25% rise that took it to $3.8600. On the other hand, ZSE Holdings dropped 15.00% to $2.1675 while, Ariston sank 14.50% to $0.0315. Zimre Holdings slid 10.71% to $0.2500.  Tea producer Tanganda dropped 6.25% to $0.9000 while, hospitality group RTG eased 1.23% to $0.6400.  
 
Activity aggregates were depressed in the session as total volume traded declined 94.20% to 3.32m shares while, turnover succumbed 97.69% to $4.28m. Top volume drivers of the day were Zimre Holdings Limited and Ecocash that claimed a combined 74.35% of the aggregate.  Delta (36.51%), Econet (15.58%), Zimre Holdings Limited (12.27%), Hippo (11.62%) and FBC (10.97%) were the top value drivers of the day. The Tigere REIT improved 0.78% to $1.3836 on 10,594 units while, the Revitus REIT was stable at $0.7000 on 86 units. The Datvest MCS shed 3.23% to end pegged at $0.0300 as 18,395 units.