ZSE ZSE TOP 15 INDEX: 491.50 (-1.32%)
VFEX ZSE VFEX ALLSHARE INDEX: 254.75 (-0.16%)
ZSE ZSE SMALL CAP INDEX: 100.11 (+0.00%)
ZSE ZSE CONSUMER DISCRETIONARY INDEX: 810.02 (+0.16%)
ZSE ZSE MINING INDEX: 147.11 (+0.00%)
ZSE ZSE MID CAP INDEX INDEX: 493.75 (+0.91%)
ZSE ZSE TOP 10 INDEX: 477.59 (-1.48%)
ZSE ZSE ALL SHARE INDEX: 474.92 (-1.04%)
ZSE ZSE TOP 15 INDEX: 491.50 (-1.32%)
VFEX ZSE VFEX ALLSHARE INDEX: 254.75 (-0.16%)
ZSE ZSE SMALL CAP INDEX: 100.11 (+0.00%)
ZSE ZSE CONSUMER DISCRETIONARY INDEX: 810.02 (+0.16%)
ZSE ZSE MINING INDEX: 147.11 (+0.00%)
ZSE ZSE MID CAP INDEX INDEX: 493.75 (+0.91%)
ZSE ZSE TOP 10 INDEX: 477.59 (-1.48%)
ZSE ZSE ALL SHARE INDEX: 474.92 (-1.04%)
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Market Commentary

MARKET COMMENT-20.01.2026

Published on 19 January 2026 • Equity Research

19 January 2026 Download Report (PDF)

ZSE retreats in Tuesday’s session... 
The ZSE market retreated in Tuesday’s session as the All-Share Index fell 0.16% to 364.35pts while, the Blue-Chip Index lost 0.22% to 377.52pts. The Agriculture Index eased 0.11% to close at 182.94pts while, on the contrary the Mid Cap Index added 0.21% to 321.70pts. ZSE Holdings led the losers of the day on a 7.40% loss to close at $0.7501 with dairy producer Dairibord Holdings following on a 2.05% decline to end at $1.6211. Telecoms company Econet trimmed 0.59% to $10.0074 while, retailer OKZIM pared off 0.55% to $0.1198. Hippo Valley Estates completed the top five losers’ list of the day on a 0.30% retreat to finish at $10.2690. Partially mitigating today’s losses was mining house RioZim that jumped 8.57% to $0.7057 as Proplastics Limited trailed on a 4.80% rise to end pegged at $1.3900. Nampak Zimbabwe notched up 2.92% to $0.7513 while, Meikles Limited edged up 1.75% to $2.9005. Banking group CBZ Holdings concluded the gainers’ list of the day on a 1.38% lift to land at $14.1933.  
 
Activity aggregates traded sideways as turnover dropped 8.40% to $70.35m while, volumes traded surged 14.86% to 382.14m shares. TN Cybertech highlighted the activity 
aggregates claiming 99.72% of the total volume traded and 81.26% of the value outturn. Datvest MCS added 4.76% to $0.0550 on 22,100 units while, the Tigere REIT fell 2.74% to $1.8497 as 180,628 units exchanged hands.  

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