EFE Securities •

1 week ago •

Market Commentary

MARKET COMMENT 15.04.2026

VFEX buttresses prior session’s gains… 
The VFEX market buttressed prior markets’ gains as the All 
Share Index rose by 3.18% to 243.53pts. Leading the risers list 
of the day was Econet InfraCo that edged up 12.01% to 
$0.2947 while, Axia was 6.25% higher at $0.1395. Fast foods 
producer Simbisa climbed 2.94% to close trading at a VWAP of 
0.6905. Conglomerate Innscor was 2.30% up at $1.2966 
despite waning demand in the counter. Kavango rose by 1.50% 
to $0.0203. Partially weighing down the market was Caledonia 
that continued to weaken as it eased 5.48% to $50.0000 while, 
clothing retailer Edgars was 0.83% lower at $0.0238. Mining 
exploration company Invictus dropped 0.07% to $0.1504 
while, miner and crocodile farmer Padenga was 0.02% down 
at $1.0998. African Sun that is preparing to delist from the 
market late in the month fell by 0.02% to $5.1692. 
 
Activity aggregates were mixed in the session as volume 
traded declined by 35.35% to 822,025 shares while, turnover 
increased by 140.25% to see $765,521.13 exchanged hands in 
the session. Padenga highlighted the session as it contributed 
68.64% of the volume traded and 81.07% of the turnover 
traded. The other notable volume driver was Econet InfraCo 
that contributed 16.41 of the total traded.  
 In the news, PGM miner Karo Mining Holdings has made 
further progress in derisking its Karo Platinum project in 
Zimbabwe, with open-pit surface clearing now underway as 
the development advances toward first ore being milled in the 
second half of 2027.