EFE Securities •

2 weeks ago •

Market Commentary

MARKET COMMENT-20.02.2026

ZSE ends the week in gains… 
The ZSE market ended the last session of the week in gains as the primary All Share Index edged up 0.26% to close at 360.19pts. The Blue Chips Index firmed up 0.30% to 372.12pts mainly driven by gains in CBZ and Tigere. The Agriculture Index was 0.07% firmer at 238.18pts while, on the contrary the Mid Cap Index was 0.01% lower at 333.47pts. ZSE Holdings headlined the gainers of the day on a 14.88% surge to close at $0.9704 as it closed without offers during the session. Agriculture concern Ariston jumped 6.67% to end at $0.0320 as Zimre Holdings advanced 2.43% to $0.7005. Brick maker Willdale went up 1.89% to $0.0357 with banking group CBZ adding 1.19% to settle at $14.2950. On the downside was retailer OKZIM that dipped 9.39% to $0.1042. Following was TN Cybertech that slipped 2.31% to end at $0.1050 on the back of increasing supply in the counter while, logistics company Unifreight slid 0.99% to $2.4025. Star Africa retreated 0.83% to close pegged at $0.0355.  
 
Activity aggregates were subdued in the session as reflected in volumes that declined 96.00% to 2.30m shares while, turnover tumbled 97.39% to $19.35m. Top volume drivers of the day were Econet, TN and Delta that claimed a combined 86.66% of the aggregate. Econet and Delta anchored the value aggregate as the duo accounted for 50.54% and 47.83% respectively. The Datvest MCS, Cass Saddle ETF and Morgan and Co MCs ETF were stable at $0.0630, $0.1200 and $1.8000 apiece. The Tigere REIT gained 3.46% to $1.8000 while, the Revitus REIT went down 0.64% to close at $1.4500.