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-31.12.3025

Published on 30 December 2025 • Equity Research

30 December 2025 Download Report (PDF)

ZSE closes year end session in the black… 
The ZSE ended the final session of 2025 in the black as the mainstream All-Share Index rose 1.60% to settle at 277.86pts. The Top Ten Index added 0.46% to end at 281.78pts while, the Agriculture Index ticked up 3.82% to close at 169.68pts. Not to be outdone was the Mid-Cap Index which also went up 3.64% to end the session at 278.15pts. Ten risers were registered against five fallers, while one held the ground, to leave the market with a positive breadth of five. Headlining the winners of the day Zimre Holdings Limited and Mashonaland Holdings which surged by an identical 15% to end pegged at $0.9999 and 1.6675 respectively. BAT followed on a 14.57% increase that took the tobacco processor to $97.3810 while, NTS added 13.77% to close at $0.5700. First Mutual Limited was 10.79% higher at $2.8500 as it completed the top five risers of the day.  
 
On the loser’s side was Ariston which succumbed 14.82% to close at $0.0316 while, retailer OKZIM lost 13.04% to settle at $0.1300, where demand could be established. First Mutual Properties declined by 7.32% to $0.8842 with heavy cap Econet retreating 1.61% to settle at $6.1399 on waning demand. ZSE Holdings completed the top five laggards list of the day after letting go 0.43% to end at $1.4503. Morgan and Co Multi-Sector ETF was the only ETF to register a trade as 10,700 units exchanged hands at $1.8500. Tigere REIT was 0.08% higher at $1.4435, as 501,500 units exchanged hands. Activity aggregates improved as reflected in all measure which closed pointing northwards. Volumes traded enhanced 83.42% to 11.63m shares, yielding a value outturn of $45.35m which was 60.32% up from prior session. NTS and OKZIM emerged as top volume drivers, accounting for 44.61% and 24.79% of the totals respectively. Delta was the top value contributor after claiming 89.20% of the aggregates. 

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