EFE Securities •

3 months ago •

Weekly Reports

WEEKLY REPORT-28.11.2025

 ZSE closes the week in the black… 

The market registered gains in the last week of the month of November as the primary All Share Index firmed up 6.55% to 234.97pts while, the segregated Industrial Index added a similar 6.55% to 234.93pts. The Blue-Chip Index shot up 9.03% to end at 235.67pts while, on the contrary the Mid Cap Index lost 2.01% to 252.95pts. Elsewhere, the government increased VAT from 15.00% to 15.50% in the recent 2026 budget that was presented by the finance minister on the 27th of November. The IMTT on ZIG transactions was reduced to 1.5% while, on USD transactions remain at 2%.  

Topping the risers of the week was Zimre Holdings Limited which went up 74.51% and closed at $0.5584 with Mashonaland Holdings Limited following on 47.91% surge that took the property concern to $1.4500, having traded a high of $1.5195 during the week. First Mutual Holdings Limited rose 22.76% week on week to settle at $1.3658, albeit on scrappy parcels. British American Tobacco was 15.78% firmer at $107.1825 while, Star Africa Corporation added 14.75% to settle at $0.0360, where supply could be found. Conglomerate Meikles was 14.49% firmer at $3.6667 with top capitalised counter Delta trailing behind after ticking up 12.55% during the week and settled at $17.5579, having reached a high of $18.0000 in the last session. Brick manufacturer Willdale was 11.40% firmer at $0.0391 while, banking group NMB rose 11.09% to close at $5.0000 on firming demand. FBC was 10.47% higher at $9.5000 as it completed the top ten risers of the week. Overall, seventeen counters trended northwards during the week against ten fallers, while five remained stable, to leave the market with a positive breadth of seven. OKZIM was the major casualty as the retailer succumbed 13.89% to settle at $0.1550 on waning demand. SeedCo Limited lost 7.90% week on week and settled at $3.5000 with Nampak following on a 7.34% slide that took it to $0.8525. CBZ rolled back to $8.2000 after retreating 5.75% on weakening demand, with Ariston easing 5.55% to close at $0.0320. FMP was 4.58% down at $1.0497 while, Proplastics declined 2.23% to end pegged at $0.9973. Unifreight lost 1.43% to $1.7250 while, the duo of   AFDIS and TSL lost an identical 0.11% to settle at $8.9900 and $2.2500 respectively.