EFE Securities •

2 days ago •

Market Commentary

MARKET COMMENT 22.04.2026

VFEX records a 2.35% loss in the session… 
The VFEX market recorded a 2.35% loss in the session as it 
closed pegged at 234.43pts. Infrastructural group Econet 
InfraCo parred off 10.12% to $0.2601, followed by Padenga 
that dropped 2.03% to $1.0573. Conglomerate Innscor was 
0.80% weaker at $1.2840 while, Axia was 0.28% down at 
0.1400. Partially offsetting today’s losses was Simbisa that 
edged up 4.08% to $0.6811 while, bankers First Capital 
advanced 3.34% to $0.1051. Mining exploration company 
Kavango added 1.00% to $0.0202 while, dual listed counter 
SeedCo International rose by 0.45% to $0.2651. 
 
Activity aggregates faltered in the session as volumes traded 
fell by 76.18% to 1.1m shares while, turnover dropped by 
98.32% to $379,186.63. Top volume drivers of the day were 
First Capital Bank and Innscor that contributed 66.80% and 
19.63% respectively. Top turnover drivers of the day were 
Innscor and First Capital Bank that claimed a combined 93.37% 
of the total traded.