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-27.01.2026

Published on 26 January 2026 • Equity Research

26 January 2026 Download Report (PDF)

Losses persist on the ZSE… 
Losses persisted on the ZSE to see the All-Share Index losing  a further 0.76% to 359.51pts while, the Blue-Chip Index shed 0.90% to 369.79pts. The agriculture Index slipped 4.19% to 187.33pts while, on the contrary the Mid Cap went up 0.06% to 331.32pts. Cigarette producer BAT led the fallers of the day on a 14.33% decline to settle at $96.8191 as NMB Holding followed on a 2.91% loss to end pegged at $5.0000. Beverages producer Delta parred off 1.16% to $29.3410 while, TN Cybertech Bank fell by 0.51% to $0.1400. Turnall Holdings capped the top five losers list of the day on a 0.50% loss to settle at $0.0995. Trading in the negative was ZSE Holdings that edged up 4.87% to close at $0.7500, followed by Zimre Holdings that added 0.61% to end pegged at $1.1470. Banking group CBZ Holdings ticked up 0.20% to $13.5000 while, the duo of Afdis and SeedCo gained an identical 0.01% to end pegged at $9.3010 and $4.6010 respectively.  
 
Activity aggregates faltered in the session as turnover dropped 14.17% to $9.12m while, volumes traded plunged 33.48% to 3.94m shares. Ariston was the top volume driver that claimed 82.20% of the total traded. Delta, Econet and BAT drove the value traded contributing a combined 95.54%.  Cass Saddle ETF notched up 8.60% to $0.1200 on 500 units while, the Tigere Reit rebounded 1.03% to $1.8000 as 1,000 units exchanged hands.

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