EFE Securities •

10 months ago •

Market Commentary

MARKET COMMENT 30.04.2025

NMB highlights the last session of April…
Banking group NMB highlighted activity aggregates of the day as circa 5m shares worth $18.51m exchanged hands. The trade accounted for 88.83% of the volume aggregate and 94.82% of the value aggregate. Volumes traded ballooned 395.35% to close at 5.63m while, turnover dipped 74.56% to $19.52m. The Cass Saddle ETF traded 200 units while, Morgan & Co Multi Secor ETF exchanged 100 units. The Tigere REIT was stable at $1.1400 as 369 units exchanged hands. The market closed with a negative breadth of three as nine counters recorded losses against six that gained.

Cigarette manufacturer BAT headlined the top performers of the day on a 15.00% jump to $115.2855, followed by beverages giant Delta that surged 10.32% to $13.5756. Telecoms giant Econet ticked up 1.91% to close at $2.7654 while, Proplastics rose 1.40% to $0.8193. RioZim capped the top five gainers of the day on a 0.06% lift to end the day 
pegged at $0.7955. Trading in the negative territory was CFI that dropped 12.93% to $5.3985 while, agriculture concernAriston slipped 10.16% to $0.0451. Cable manufacturer CAFCA trimmed 9.09% to settle at $19.9996 while, Star Africa eased 7.28% to $0.0371. NMB completed the top five laggards of the day on a 4.64% retreat to $3.7000. The primary All Share Index added 3.38% to close at 191.95pts while, the Blue-Chip Index rose 5.14% to 185.79pts. The Agriculture Index went up 2.86% to 191.95pts while, on the contrary the Mid Cap Index fell 1.52% to 237.35pts.