EFE Securities •

10 months ago •

Market Commentary

MARKET COMMENT 28.04.2025

ZSE rebounds in Monday’s session…

The ZSE market rebounded in Monday’s session as the primary All Share Index rose 0.71% to 188.20pts while, the Blue-Chip Index added 0.99% to 180.58pts. The Agriculture Index went up 3.40% to 182.26pts while, on the contrary the Mid Cap Index fell 0.33% to 238.09pts. Cigarette manufacturer BAT headlined the top performers of the day on a 14.99% jump to $95.7400, followed by Ecocash that charged 6.76% to $0.1345. Brick maker Willdale ticked up 0.48% to close at $0.0400 while, banking group NMB advanced 0.27% to settle at $3.7101. Telecoms giant Econet capped the top five gainers of the day on a 0.10% lift to end the day pegged at $2.7004. Trading in the negative territory was Proplastics that dropped 13.90% to $0.8180 while, Ariston tumbled 13.45% to $0.0502. Beverages giant Delta eased 5.89% to close at $13.0650 while, logistics company Unifreight fell 2.83% to $1.8000. Tea producer Tanganda completed the top five decliners of the day on a 0.23% retreat to end the day pegged at $1.0002.  
 
Activity aggregates were depressed in the session as volume traded dropped 53.32% to 4.10m shares while, turnover went down 24.78% to $19.98m. Delta claimed 85.66% of the value outturn and 31.96% of the total volumes traded. The other notable volume driver of the day was OKZIM that accounted for 47.35%.  The Datvest ETF was flat at $0.0300 while, the Morgan and Co MCS was stable at $1.8900, as a total of 3,260 units exchanged hands in the two ETFs. The Tigere REIT firmed up 3.06% to end the day pegged at $1.1400 after a total of 12,759 units exchanged hands in the session.