EFE Securities •

1 day ago •

Market Commentary

MARKET COMMENT 12.03.2026

Heavy and Mid-Cap counters weigh the 
market… 
Heavy and Mid-Cap counters weighed the market in the 
penultimate session of the week as the All-Share Index 
retreated 1.14% to 351.36pts. The Blue-Chip Index was 0.80% 
weaker at 359.93pts while, the Agriculture Index dropped 
5.43% to 239.85pts as three of its constituents dominated in 
the losers’ list. Leading the laggards of the day was Hippo 
Valley that eased 14.83% to $7.4700 as scrappy 100 shares 
traded in the name, trailed by seed producer SeedCo limited 
that shed 14.35% to $3.9500. Agriculture concern TSL 
succumbed 11.97% to close at a VWAP $3.2131 while, 
beverages giant Delta continued to lose ground as it fell 3.28% 
to $26.0142. Roofing materials producer Turnall shed 1.84% to 
$0.0962. Partially offsetting today’s losses was Fidelity Life 
Assurance that garnered 15.00% to $0.4600, followed by 
mining concern RioZim that advanced 14.85% to $0.7500. Tea 
producer Ariston was 6.85% firmer at $0.0328 while, sugar 
processor Star Africa added 6.54% to end the day pegged at 
$0.0345. Banking group TN ticked up 5.82% to settle at 
$0.1010 as it fastened the top five gainers’ list of the day.  
 
Activity aggregates continued to falter in the session as 
volumes traded fell by 51.39% to 1.57m shares while, turnover 
declined 13.85% $2.73m. Leading the volume aggregates of 
the day was Tanganda that contributed 82.89% of the total 
traded. The duo of Delta and Dairibord drove the value 
aggregate as they claimed 76.65% and 14.86% of the turnover 
traded. The Morgan & Co MCS was 2.95% weaker at $1.7705 
while, the Datvest MCS edged up 0.81% to $0.0800. The Tigere 
REIT was 11.17% up at $1.2617 as 2.04m units traded in the 
name.