MARKET COMMENT 30.06. 2026

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ZSE wraps up the final session of H1 in the black… The ZSE market wrapped up the final session of the half year in the black, to see all the indices under our review closing pointing northwards. The primary All-Share Index went up 0.70% to settle at 417.81pts as the Heavy cap Index rose 0.64% to end at 423.32pts. The Agriculture Index was the outstanding performer amongst the indices after ticking up 3.01% to close at 312.94pts while, the Mid -Cap added 0.95% to 421.44pts. Headlining the winners of the day was CAFCA Limited which surged 14.93% to settle at $18.5000, albeit on scrappy 100 shares. Following was Mashonaland Holdings which firmed up 11.85% and closed at $1.7010, where supply could be found. British American Tobacco was 9.94% higher at $199.9997 while, Zimre Holding Limited recovered 7.69% to end the session at $0.7000. Firming demand in CBZ Bank helped push the banking group to $26.8139 on a 4.52% uplift, having traded an intra-day high of $29.5000. The losers of the day were registered in the exchange operator ZSE Holdings which plunged 12.87% to $1.3505 and banking group FBC which succumbed 11.82% to $9.0000. In the ETF category , the Morgan and Co Made In Zimbabwe was the sole ETF to register a trade as 700 units exchanged hands at $0.1200. The Tigere REIT rolled back to $1.1222 on a 5.81% decline, as a huge chunk of circa 8.01m units exchanged hands. Activity aggregates dropped as reflected in all measures which closed in the red. Volumes were 41.49% down to 1.50m shares, yielding a value outturn of $4.27m which was 84.93% lower from prior session. Property concern Mashonaland was the most sought-after stock as the property concern anchored both the volume and value after claiming 67.85% and 40.45% of the total respectively.

Written by EFE Research

MARKET COMMENT 26.06. 2026

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Losses persist on the bourse… Losses persisted on the ZSE market in the week-ending session as the primary All Share Index fell 0.15% to 398.05pts while, the Blue-Chip Index eased 0.30% to 399.98pts. The Agriculture Index eased 0.13% to 303.50pts while, on the contrary the Mid Cap Index firmed up 0.54% to 416.62pts. FBC Holdings led the laggards of the day on a 6.05% dip to $9.0000, followed by Delta that trimmed 3.50% to $30.0408. Tea processor Tanganda tumbled 1.26% to close at $3.4559 while, General Beltings dropped 0.75% to $0.1117. SeedCo Limited capped the top five fallers of the day on a 0.12% retreat to end pegged at $4.0000. Partially mitigating today’s losses was Mashonaland Holdings that jumped 14.97% to $1.3710, trailed by ZSE Holdings that shot up 14.81% to $1.5500. Banking group CBZ soared 9.63% to settle at $24.1178 while, Proplastics inched up 9.01% to $1.2000. TN Cybertech completed the top five best performers of the day on a 6.39% uplift to $0.1710. Activity aggregates were subdued in the session as volume traded fell 8.26% to 453,000 shares while, turnover dipped 58.16% to $2.53m. Top volume drivers of the day were Mash Holdings (23.89%), TN Cybertech (18.63%) and FBC (11.04%). CBZ Holdings, Delta and FBC highlighted the value traded of the day after contributing a combined 87.48% to the total. Cass Saddle ETF exchanged 140,700 units at a stable price of $0.0754. The Tigere REIT edged up 10.82% to settle at $1.1648 on 96,785 units.

Written by EFE Research

MARKET COMMENT 23.06. 2026

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ZSE recovers marginally … The ZSE market marginally recovered in Tuesday’s session as all the four indices we review closed in the black. The All Share Index was 0.04% up at 393.30pts while, the Blue-Chip Index was added a negligible 0.01% to settle at 394.80pts. The Agriculture Index was 0.46% higher at 311.92pts, mainly anchored by gains in SeedCo Limited and Tanganda. The Mid Cap Index climbed 0.84% to 416.24pts. Headlining the gainers’ list of the day was First Mutual Holding that charged 15.00% to end pegged at a circuit breaker limit level of $2.5041. Trailing behind was construction group Masimba that edged up 13.68% to $2.9649. Brick manufacturer Willdale garnered 13.10% to settle at $0.0570 while, seed producer SeedCo Limited closed the day pegged at $4.0005, following a 11.63% ascent. Agriculture concern Tanganda ticked up 7.56% to $3.5005. Life assurer Zimre Holdings led the laggards of the day as it plunged 11.90% to close at $0.6608 while, Turnall plummeted 7.39% to end trading at $0.1100. Property concern Mashonaland Holdings tumbled 7.10% to $1.3007 while, cigarette manufacturer BAT shed 4.26% to close at a VWAP of $199.9995. Banking group CBZ declined 0.61% to end trading at $22.0000 as it capped the top five worst performers of the day. Activity aggregates faltered in the session as volumes traded fell by 46.36% to see 769,100 shares worth 3.25m exchanged hands in the name, representing a 65.15% decline in turnover. Top volume drivers of the day were Mashonaland Holdings and Zimre that contributed a combined 50.31% of the total outturn. The duo of Delta and CBZ drove the turnover aggregate as they claimed 40.01% and 30.37% respectively. In the ETF category, the Cass Saddle ETF was stable at $0.0754 as 5,000 units traded in the name. The Tigere REIT was 1.12% down at $1.0492, despite having reached a low of $1.0000.

Written by EFE Research

MARKET COMMENT 22.06. 2026

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Losses stretch into the new week… Losses persisted into the new week as the All Share Index retreated 1.72% to 393.15pts while, the Blue Chip Index was 1.63% down at 394.77pts. The Mid Cap Index was 2.09% weaker at 412.79pts while, the Agriculture Index was 2.28% down at 310.48pts. Pipe producer Proplastics eased 15.00% to settle at $1.1815 while, hotelier Rainbow Tourism Group dropped 14.35% to $1.1008. Packaging group Nampak retreated 13.62% to $0.7430 while, tea producer Tanganda continued to lose ground as it plunged 13.10% to settle at a VWAP of $3.2545. Banking group FBC was 12.83% lower at $9.5892. Partially offsetting today’s losses was life assurer Fidelity that garnered 14.99% to $0.6790 while, exchange operator ZSE advanced 12.50% to $1.3500. Tea producer Ariston added 2.92% to settle at $0.0690 while, agriculture concern TSL was up 2.76% to end trading at $7.4500. Property concern Mashonaland Holdings added 1.88% to end trading at $1.4000. Activity aggregates were mixed in the session as volumes increased 14.78% to 1.43m shares while, turnover fell by 54.36% to $9.33m. The duo of Hipo and NMB drove the activity aggregates of the day as they contributed a combined 75.57% of the volume traded and 84.25% of the value traded. The Morgan & Co Made In Zimbabwe ETF was 0.50% higher at $0.1100 as 159 units traded in the name. The Tigere REIT was 0.93% firmer at $1.0611 as 127,734 units exchanged hands in the name. Elsewhere, diversified concern TSL Limited recorded a 45.25% increase in profit after tax to US$5.59m for its half year ended April 30, 2026, driven by strong demand across its agricultural, logistics and tobacco-related operations.

Written by EFE Research

MARKET COMMENT 18.06. 2026

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ZSE retreats 1.81% in Thursday’s trades… The ZSE market retreated in the penultimate session of the week as the All Share Index fell 1.81% to settle at 402.73pts. The Blue-Chip was 1.46% weaker at 404.07pts while, the Mid Cap Index was 3.23% lower at 424.10pts. The Agriculture Index was 4.22% lower at 322.97pts mainly weighed down by Tanganda and Ariston. Tea producer Tanganda led the laggards of the day as it plunged 14.96% to $4.1500 while, hotelier Rainbow Tourism Group declined 11.76% to $1.5000. Financier Zimre Holdings eased 11.60% to settle at $0.6630 while, property concern Mashonaland Holdings close at $1.4900 following a 10.46% descend. First Mutual Properties plummeted 8.73% to $0.9447 as it capped the top five worst performers list of the day. Headlining the gainers list of the day was cable manufacturer CAFCA that garnered 15.00% to settle at upper circuit breaker level of $16.1000. Trailing behind was TNCI that added 13.93% to close at $0.1488 while, brick manufacturer Willdale enhanced 11.31% to close at $0.0502. Roofing materials producer Turnall firmed up 9.60% to end at $0.1100 while, sugar processor grew by 0.33% to end pegged at $0.0400. Activity aggregates closed in red in the session, as volumes traded fell by 66.08% to 612,300 shares while, turnover shed 90.76% to $3.21m. Top volume drivers of the were Ariston and Delta that claimed a combined 59.41% of the total traded. In the turnover category activity was mainly skewed towards Delta that claimed 69.62% of the total traded. Other notable value driver was CBZ that claimed 12.90% of the value traded. In the ETF category the Morgan & Co Made In Zimbabwe was 0.50% up at $0.1050 as 1,200 units traded in the name. The Tigere REIT dropped 7.26% to close at $1.0203 as 120,228 units traded in the name.

Written by EFE Research