EFE Securities •
1 month ago •
Weekly Reports
WEEKLY REPORT-06.02.2026
ZSE rebounds in the first week of the month…
The ZSE market rebounded in the first week of the month as the primary All Share Index charged 1.31% to 360.71pts while, the segregated Industrial Index edged up 1.58% to 350.10pts. The Blue-Chip Index firmed up 1.64% to settle at 372.71pts. In contrast, the Mid Cap Index lost 0.60% to 323.84pts. Elsewhere, Econet Wireless released a delisting circular in which the telecom giant proposed to offer minority shareholders US$0.17 per share for mobile network operator assets; the company will further list its infrastructural assets on the VFEX under a vehicle called Econet InfraCo at a ratio of 1:1, with shares valued at US$0.33. The group also highlighted that shareholders who do not wish to sell their holdings can retain their shares, which will be listed on the VFEX over the counter market.
Cigarette processor BAT headlined the risers of the week on a 32.27% jump to $192.9500 while, ART Corporation swelled 30.68% to $0.1150. Spirit and wine distillers AFDIS went up 15.00% to settle at $10.7070 on the back of firming demand in the name. Packaging group Nampak surged 14.47% to $0.8700 while, life assurer Fidelity added 14.29% week on week and settled at $0.4000, where supply could be found. CBZ rebounded 12.25% during the week as it settled at $14.1474. The duo of FMP and FML ticked up 10.82% and 5.00% to end the week pegged at $0.8699 and $4.20000 respectively. Logistics group Unifreight firmed up 4.89% to $1.8350 while, tea producer Tanganda inched up 0.89% to end the week at $0.6557. Overall, sixteen counters traded in the positive during the week against fifteen fallers, while seven remained unchanged, to leave the market with a positive breadth of one. Trading in the negative territory was Zimre Holdings Limited which plunged 14.33% to $0.9600, followed by TN Cybertech that succumbed 14.32% to $0.1071 as selling pressure continued in the banking group. ZSE Holdings declined 12.50% to close at $0.7000 while, ZB trimmed 11.92% to $4.0077. Star Africa went down 4.17% to $0.0345 while, Proplastics fell 3.70% to $1.3000. Seed producer SeedCo dipped 3.19% to $4.5500, having traded an intra-high of $5.0000 as RTG parred off 0.71% to $1.3900. Turnall was 0.50% lower at $0.0990 while, sugar processor Hippo capped the shakers of the week on a 0.22% retreat to end the week pegged at $8.7021. `