EFE Securities •

7 months ago •

Market Commentary

MARKET COMMENT -2025-07-30

ZSE rebounds in midweek session… 
The ZSE market rebounded in the penultimate session of the month as the All-Share Index recovered 0.40% to 202.25pts while, the Top Ten Index added 0.64% to 195.68pts. The Agriculture Index went up 1.93% to 170.96pts while, the MidCap Index fell 0.97% to 247.40pts. BAT surged 15.00% to $80.5000 as it headlined the top performers of the day while, tea producer Tanganda firmed up 5.53% to $1.0869. Brick maker Willdale ticked up 2.29% to $0.0400 as, Meikles trailed on a 1.19% gain to close at $3.5415. Concluding the top five gainers set of the day was telecommunications giant Econet that edged up 0.70% to $4.5329. Transport and logistics group Unifreight led the laggards of the day as it sank 14.50% to $1.1200 while, Ariston followed on a 10.94% decline to $0.0395. Sugar refiner Star-Africa tumbled 9.31% to $0.0400 as SeedCo Limited followed after a 8.30% slump that took it $3.5304, having traded a low of $3.5000. Plastic pipes and fittings manufacturer Proplastics slid 6.08% to $1.3501 and capped off the top five losers of the day.  
 
Turnover dropped 61.93% to $7.32m while, volumes exchanged  plummeted 40.97% to 2.64m shares. Driving the volume aggregates was Proplastics which claimed 53.46% contribution as, Delta trailed behind with a notable 12.99% contribution of the total. Propelling the value aggregates was Delta again which headed after claiming 62.17% while, Proplastics accounted for 26.01% of the same. The Tigere REIT put on 0.37% to $1.3549 on 85,199 units while, Revitus REIT edged up 0.31% to $0.8050 on 550 units. Datvest MCS ETF shed 5.02% to $0.0285 as 122,500 units worth $3,490.50 exchanged hands.