EFE Securities •

3 months ago •

Market Commentary

MARKET COMMENT-28.11.2025

Blue Chips lift the market in monthending session… 
Gains in selected heavies lifted the market as curtains came down on the month of November. The mainstream All Share Index advanced 2.95% to 234.97pts while, the ZSE Top Ten Index edged up 3.36% to 235.67pts. Contrastingly, the ZSE Agriculture Index declined 1.42% to 185.77pts while, the Mid Cap Index trimmed 0.23% to end at 252.95pts. Star Africa led the positive movers of the day on  a 29.09% surge to trade at $0.0360. Trailing was Meikles that charged 14.58% to $3.6667, albeit on scrappy 600 shares.  Zimre Holdings Limited garnered 12.01% to end pegged at $0.5584. Beverages concern Delta jumped 9.53% to settle at $17.5579, having traded an intraday high of $18.000 as ZSE Holdings capped the top five risers of the day on a 8.32% rebound that took it to $1.0909. On the downside was packaging group Nampak that succumbed 14.75% to $0.8525 with Mashonaland Holdings following on a 4.57% loss to $1.4500. Proplastics eased 2.23% to $0.9973 as FMP went down 0.03% to $1.0497.  
 
Activity aggregates enhanced in the session as reflected in volumes which soared 173.53% to 1.64m shares while, turnover ballooned 126.37% to $4.35m. Top volume drivers of the day were Mashonaland Holdings (45.22%), Econet (22.61% and Zimre Holdings (16.07%). Econet, Mashonaland and Delta claimed a combined 88.13% of turnover. The Tigere REIT declined 7.42% to close at $1.2520 on 42,399 units, while Revitus traded 46 units at a flat price of $1.2025. Datvest MCS was the only ETF to register a trade as 4,000 units exchanged hands at a stable price of $0.0400.