EFE Securities •

5 months ago •

Weekly Reports

WEEKLY REPORT-19.09.2025

The ZSE market continued to record losses week-on-week, driven by reduced market participation and heightened selling interest witnessed in selected counters. The All-Share Index was 0.77% weaker at 206.59pts while, the Industrial Index lost a similar 0.77% to end the week pegged at 206.51pts. The Blue-Chip Index fell by 0.29% to close at 205.45pts as TSL, FML and NMB weighed the index down during the week while, the Mid Cap Index slipped 2.68% to 229.02pts as it reduced its YTD gains to 0.62%. Elsewhere, life assurer Fidelity released its HY25 results in which it reported a 14% surge in PAT to US$6m, despite not declaring a dividend in the interim. 

Tea producer Tanganda led the laggards of the week on a 28.35% retreat to $0.6807, followed by TSL that slipped 25.23% to $1.5627. Star Africa dropped 22.31% to close at $0.0365 while, milk processor Dairibord trimmed 15.00% to $1.6150. Zimre Holdings tumbled 14.75% to settle at $0.2131 as FMP eased 12.90% to end the week at $1.3000. TN Cybertech plunged 5.58% to $0.1100 while, retailer OKZIM shaved off 3.62% to $0.2405. Life assurer First Mutual Limited declined 3.33% week on week to $2.9000 albeit it reporting a 19.31% revenue increase to USD$87.7m in its results for half year ended 30 June 2025. Banking group NMB capped the top ten worst performers of the week on a 2.50% dip to end the week pegged at $3.9000. Twenty counters recorded losses against six that gained to leave the market on a negative breadth of fourteen while, three remained stable. Trading in the positive territory was Turnall Holdings that jumped 14.06% to $0.0476 while, telecoms giant Econet charged 2.31% to $4.7065. Sugar processor Hippo ticked up 0.84% week on week to settle at $5.8500 as brick maker Willdale inched up 0.12% to $0.0360. Banking group FBC completed the top performers of the week on a 0.01% uplift to $7.8900.