EFE Securities •

4 months ago •

Market Commentary

MARKET COMMENT-29.10.2025

Market charge continues… 
The market continued to rise in the mid-week session spurred by gains in heavy and mid cap counters. The primary All Share Index jumped 1.41% to end at 209.43pts while, the ZSE Top Ten Index rose 1.56% to 206.35pts. The Agriculture Index went up 0.76% to 178.56pts while, the Mid Cap Index improved 0.85% to 241.01pts. Leading the market charge was milk processor Dairibord that surged 14.97% to $1.5520 as Mashonaland followed on a 14.91% jump to $0.9775. Zimre Holdings edged up 13.28% to $0.2005 while, agriculture concern Ariston added a further 12.25% to $0.0260. Tea company Tanganda completed the top five winners of the day on a 10.84% charge to $0.7404. Fallers of the day were led by Nampak that dropped 14.66% to settle at $0.5035. NTS which is set to delist on the ZSE trimmed 10.00% to $0.5062. SeedCo Limited declined 5.47% to $3.7811 having traded an intraday low of $3.5000. First Mutual Properties succumbed 4.76% to $1.0000 with retailer OKZIM falling 0.15% to close at $0.2050.  
 
Volume of shares traded soared 34.80% to 1.49m as Star Africa, NTS, Econet and Delta claimed a combined 78.34%. Turnover jumped by 68.63% to $6.41m as Delta and Econet 
accounted for 60.43% and 20.94% apiece. The Datvest and the Morgan and Co ETFs were stable at a similar price of $0.0400 as 1,000 units and 195 units traded apiece. The Tigere REIT gained 5.28% to close at $1.6989 on 7,718 units.