EFE Securities •

1 month ago •

Market Commentary

MARKET COMMENT-23.01.2026

ZSE slips back into the red... 
The market slipped back into the red in Friday’s session as selected heavies weighed down the ZSE. The primary All Share Index lost 0.32% to end at 363.94pts while, the ZSE Top Ten Index went down 0.42% to 376.39pts. Contrastingly, the ZSE Agriculture Index put on 3.96% to 202.85pts while, the Mid Cap Index rose 0.29% to 324.96pts. Cigarette manufacturer BAT and construction group Masimba led the market charge as the duo gained a similar 15% to close at $127.5120 and $2.1850 apiece. Following was Zimpapers that jumped 14.38% to settle at $0.0700 as ZSE Holdings edged up 2.36% to $0.8095. Packaging group Nampak rose 1.16% to end the day at $0.7600. Trading in the negative territory was tea company Tanganda that declined 13.70% to $0.6904 as Econet trailed on a 1.94% retreat to close at $9.9126. Property group FMP shed 1.89% to $0.8700 as TN Cybertech slid 0.83% to $0.1489. Delta capped the top five shakers of the day on a 0.61% loss to $29.6354, having traded a low of $29.0000. 
 
Activity aggregates were mixed in the session as volumes dropped 48.54% to 1.43m shares while, value outturn advanced 20.55% to $9.50m. Volume drivers of the day were ZSE Holdings and Delta that claimed 51.59% and 20.54% apiece. Delta drove the turnover in the session claiming a lion’s share of 91.47% of the aggregate. The Datvest MCS let go 1.15% to close at $0.0625 while, the Tigere REIT rebounded 1.64% to $1.7776 on 15,991 units.