EFE Securities •

4 days ago •

Weekly Reports

WEEKLY REPORT 05.06.2026

 ZSE retreats in the first week of June… 
The ZSE market retreated in the first week of June, mainly weighed down by heavy cap counters, as three of the 
four indices we review closed pointing southwards. The All-Share Index was 0.17% weaker at 388.60pts while, 
the Industrial Index was 0.20% lower at 382.34pts. The Blue-Chip Index retreated 0.27% to 383.26pts, mainly 
dragged down by BAT, FMP, Delta and CBZ while, the Mid Cap Index was 0.24% firmer at 438.79pts, extending 
its YTD gains to 57.75%. Elsewhere, RIOZIM released its FY25 results in which the miner missed on the gold boom 
as its revenue fell by 47% to ZWG$251.33m and reported a loss of ZWG$739.07m. 

A positively weekly breadth of three was recorded in the 
week under review as thirteen counters gained against 
ten fallers. Cigarette manufacturer BAT was the major 
casualty of the week having dropped 16.81% to close at 
$153.9016. Trailing was property concern FMP that 
tumbled 14.35% to settle at $0.9000, with tea company 
Tanganda declining 9.76% to end the week at $5.3929. 
General Beltings eased 4.55% week on week to settle at 
$0.1050 as beverages concern Delta plunged 4.31% to 
$28.7114, having traded a low of $28.0000 in the week 
under review. Banking group CBZ dipped 2.84% to 
$17.0022 with Meikles letting go 1.87% to end at 
$2.9438. SeedCo Limited lost 0.51% to $3.9995 while, 
AFDIS capped the fallers of the week after trimming 
0.03% to land at $15.8000.  
Trading in the positive territory was insurer First Mutual 
Holdings that garnered 31.20% to end at $2.1723. 
Following was Mashonaland Holdings that buttressed 
prior week’s gains to close at $1.6784 after a 27.83% lift. 
Milk processor Dairibord rallied 24.64% to $2.9452 as 
banking group FBC jumped 22.60% to end the week at 
$11.4500. Star Africa firmed up 13.96% and closed at 
$0.0400 while, VFEX bound TSL charged 13.33% to 
$6.8000. Hippo grew 8.99% to $10.8996 as brick maker 
Willdale edged up 8.80% to $0.0400. ZSE Holdings 
climbed 7.37% week on week to $1.2803. Proplastics held 
the tenth position of the risers’ table as it improved 5.00% 
to $1.2941.