EFE Securities •

7 months ago •

Market Commentary

MARKET COMMENT -2025-07-31

ZSE lukewarm in month-ending trades… 
The ZSE market was lukewarm in the month-ending session as investors eagerly wait for the Mid-term budget presentation by the finance minister. The mainstream All Share Index advanced 1.71% to close at 205.71pts while, the Blue-Chip Index edged up 2.15% to 199.89pts.  The ZSE Agriculture Index rose 4.33% to 178.37pts while, the Mid Cap Index gained 0.66% to 249.02pts. Cigarrete manufacturer BAT headlined the winners of the day on a 14.99% surge that took it to $92.5700. Following was property concern FMP that charged 12.73% to $1.6600 as Mashonaland Holdings jumped 11.60% to $1.6740. Logistics company Unifreight garnered 7.14% to end pegged at $1.2000 while, SeedCo Limited completed the top five risers after a 6.79% lift that took the seed processor to $3.7700.  
 
Partially offsetting today’s gains were losses in agriculture concern Ariston that succumbed 11.95% to $0.0348. ART tumbled 5.04% to $0.1600 as Proplastics eased 3.71% to settle at $1.3000. Retailer Meikles lost 0.69% to $3.5170 while, OK Zimbabwe trimmed 0.55% to $0.2089. Volumes traded ballooned 870.04% to 25.61m shares as TN Cybertech claimed 90.52% of the aggregate. Turnover plummeted 36.69% to $4.64m as TNCI, Delta and OKZIM accounted for a combined 87.11%. The Datvest MCS ETF lost a further 1.73% to $0.0280 while, the Cass Saddle slipped 0.38% to $0.1295.  Cumulatively, 68,516 units worth $2,019.95 exchanged hands in the session. The Tigere REIT added 3.30% to $1.3996 while, the Revitus REIT ticked up 0.31% to $0.8075.