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MARKET COMMENT 21.08.2026

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CBZ highlights week ending session… Banking group CBZ Holdings highlighted the week ending session as a total of 62,276,714 shares worth circa $2.8b exchanged hands in the name. The trade accounted for 99.92% of the total volume traded and 99.99% of the turnover. Activity aggregates enhanced in the session as volume traded ballooned 66,846.09% to 62.33m shares while, turnover grew by 193,608.91% to $2.58b. Tigere REIT slipped 0.45% to end the day pegged at $1.1000. No trades were recorded in the ETF category.

Written by EFE Research

MARKET COMMENT 20.08.2026

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ZSE rebounds in Thursday’s session… The ZSE market reversed previous session’s losses as the mainstream All Share Index rose a marginal 0.05% to 479.20pts while, the ZSE Top Ten Index grew 0.28% to 484.76pts. The ZSE Agriculture Index retreated 0.43% to 339.62pts while, the Mid Cap Index dropped 0.16% to end at 489.29pts. Brick makers Willdale led the winners of the day on a 14.47% charge to $0.0664 while, ZSE holdings put on 10.03% to $2.5196. Star Africa went up 2.70% to $0.0380 as TN Cybertech edged up 1.74% to $0.3025. Agriculture concern Ariston added 0.99% to close the day at $0.0750. Packaging group Nampak was the top laggard of the day having declined 4.45% to $1.0000 while, tea company Tanganda shed 2.63% to end pegged at $4.5000. Zimre Holdings lost 0.05% to $0.9495 while, SeedCo Limited trimmed 0.01% to close at $5.6400.

Written by EFE Research

MARKET COMMENT 19.08.2026

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Marginal losses in midweek trades… The ZSE market recorded marginal losses in mid-week session as the All Share Index lost 0.15% to 478.96pts while, the Blue Chip Index dropped 0.55% to 483.42pts. On the contrary, the Agriculture Index put on 1.27% to 341.10pts while, the Mid Cap Index added 1.60% to 490.07pts. Trading in the negative territory was Zimpapers that shed 10.00% to $0.0720 while, Meikles came off 2.61% to $2.4347. Ariston tumbled 2.23% to settle at $0.0743 while, Delta slipped 1.59% to $31.8565. TN Cybertech completed the top five worst performers of the day on a 1.41% retreat to $0.2974. SeedCo headlined the gainers of the day on a 14.66% jump to $5.6403, followed by Nampak that charged 9.08% to $1.0466. AFDIS shot up 6.40% to close at $16.5000 while, banking group NMB put on 6.07% to close at $5.9500. General Beltings capped the winners of the day on a 4.48% uplift to settle at $0.1050.

Written by EFE Research

MARKET COMMENT 18.08.2026

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ZSE reverses prior session’s gains… The ZSE market reversed prior session’s gains as the All Share Index fell 1.02% to close at 479.69pts while, the Blue Chip Index was 1.11% weaker at 486.07pts. The Mid Cap Index parred off 0.58% to settle at 482.34pts while, the Agriculture Index was 0.83% down at 336.83pts. Headlining the laggards of the day was packaging company Proplastics that parred off 14.55% to $1.1531, trailed by construction group Masimba that succumbed 8.00% to settle at $2.3000. General Beltings was 4.29% weaker at $0.1005 while, bankers CBZ plunged 3.84% to close trading at a VWAP of $39.9221. Cigarette manufacturer BAT was 3.10% down at $184.0000 as it capped the top five worst performers’ list of the day. Trading in the positive category was Ariston that rose by 1.01% to $0.0760 while, bankers TNCI gained 0.38% to close at $0.3016. Seed producer SeedCo Limited was 0.09% up at $4.9194.

Written by EFE Research

MARKET COMMENT 17.08.2026

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ZSE commences new week in gains… The ZSE market commenced the new week in gains as the All Share Index grew 1.89% to 484.61pts while, the ZSE Top Ten Index improved 2.32% to 491.51pts. The ZSE Agriculture Index shed 0.73% to 339.65pts while, the Mid Cap Index eased 0.02% to 485.17pts. Bankers CBZ jumped 11.97% to $41.5143 as ZSE Holdings firmed up 9.05% to $2.2900. AFDIS rallied 3.21% to $15.5071 while, TN Cybertech inched up 1.38% to $0.3005 on scrappy 300 units as Proplastics put on 0.70% to close the day at $1.3494. Losers of the day were milk processor Dairibord that succumbed 7.73% to $3.8577, trailed by agriculture concern Ariston that parred off 1.05% to $0.0752. Beverages concern Delta closed 0.03% lower at $32.3999.

Written by EFE Research

MARKET COMMENT 14.08.2026

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ZSE rebounds in week ending session… The ZSE market rebounded in the week ending session as the primary All Share Index rose 1.33% to 475.62pts while, the Blue Chip Index added 1.79% to 480.37pts. In the contrary, Agriculture Index lost 1.74% to 342.16pts while, the Mid Cap Index eased 0.69% to 485.29pts. Star Africa led the top performers of the day on a 13.96% gain to $0.0370 followed by ZSE that surged 13.51% to $2.1000. CBZ charged 9.04% to close at $37.0751 while, TN Cybertech firmed up 5.77% to $0.2964. Ariston capped the best performers of the day on a 1.33% uplift to end pegged at $0.0760. Trading in the negative territory was milk processor Dairibord that lost 14.68% to $4.1809 while, RTG dropped 3.10% to $1.5984. ZBFH tumbled 0.33% to close at $6.9711 while, beverage giant Delta came off 0.11% to $32.4089.

Written by EFE Research

MARKET COMMENT 13.08.2026

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Heavies weigh the ZSE in Thursday’s trades… Heavy cap counters weighed the ZSE in the penultimate session of the week, as the All Share Index fell by 1.45% to 469.38pts. The Blue Chip Index was 2.20% weaker at 471.90pts mainly weighed down by CBZ and Masimba. On the contrary the Agriculture Index advanced 1.36% to 348.22pts while, the Mid Cap Index was 1.89% higher at 488.64pts. Leading the laggards of the day was banking group CBZ that succumbed 15.00% to end trading at lower circuit breaker level of $34.0000. Packaging company Proplastics was 3.20% weaker ay $1.3400 while, tea producer Tanganda was 0.87% down at $4.5995. Construction group Masimba parred off 0.15% to $2.5000. Partially offsetting the losses was dairy producer Dairibord that is trading under a cautionary as it edged up 14.16% to $4.9000 while, brick producer Willdale advanced 13.77% to $0.0580. ZSE holdings garnered 12.12% to $1.8500 while, banking group TNCI was 12.07% firmer at $0.2803. Hotelier Rainbow Tourism Group rose by 6.42% to $1.6495.

Written by EFE Research

MARKET COMMENT 12.08.2026

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ZSE commences new week in losses… The ZSE market commenced the new week in losses as the primary All Share Index lost 0.65% to 476.31pts while, the Blue-Chip Index fell 0.75% to 482.51pts. The Agriculture Index dropped 0.86% to 343.54pts while, the Mid Cap Index eased 0.15% to 479.59pts. Milk processor Dairibord led the laggards of the day on a 7.49% retreat to $4.2923, followed by Star Africa that came off 3.98% to $0.0325. Delta trimmed 1.67% to close at $31.8256 while, Ariston declined 1.32% to $0.0750. Seed producer SeedCo capped the worst performers of the day on a 0.87% slid to end the day pegged at $4.9107. Partially mitigating today’s losses was CAFCA that shot up 7.61% to $23.5138 while, Zimre Holdings charged 5.32% to $0.9373. RTG ticked up 0.65% to closed at $1.5500 while, tea producer Tanganda went up 0.45% to $4.6400. AFDIS capped the top five best performers of the day on a 0.16% uplift to end the day pegged at $15.0247.

Written by EFE Research

MARKET COMMENT 10.06. 2026

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ZSE commences new week in losses… The ZSE market commenced the new week in losses as the primary All Share Index lost 0.65% to 476.31pts while, the Blue-Chip Index fell 0.75% to 482.51pts. The Agriculture Index dropped 0.86% to 343.54pts while, the Mid Cap Index eased 0.15% to 479.59pts. Milk processor Dairibord led the laggards of the day on a 7.49% retreat to $4.2923, followed by Star Africa that came off 3.98% to $0.0325. Delta trimmed 1.67% to close at $31.8256 while, Ariston declined 1.32% to $0.0750. Seed producer SeedCo capped the worst performers of the day on a 0.87% slid to end the day pegged at $4.9107. Partially mitigating today’s losses was CAFCA that shot up 7.61% to $23.5138 while, Zimre Holdings charged 5.32% to $0.9373. RTG ticked up 0.65% to closed at $1.5500 while, tea producer Tanganda went up 0.45% to $4.6400. AFDIS capped the top five best performers of the day on a 0.16% uplift to end the day pegged at $15.0247.

Written by EFE Research

MARKET COMMENT 09.08. 2026

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ZSE closes the week in marginal gains… The ZSE market ended the week in marginal gains as the primary All Share Index rose 0.02% to 479.41pts while, the Agriculture Index firmed up 0.32% to 346.53pts. The Mid Cap Index added 0.82% to 480.30pts while, the Blue-Chip Index fell 0.16% to 486.18pts. ZSE headlined the top performers of the day on a 10.00% jump to $1.6500, followed by ZHL that shot up 8.60% to $0.8900. Seed producer SeedCo charged 3.85% to close at $4.9538 while, Star Africa inched up 2.47% to $0.0338. Riozim capped the best performers of the day on a 0.29% uplift to end the day pegged at $0.8525. Trading in the negative territory was GBH that dropped 14.98% to $0.1050 while, Mash Holdings eased 5.03% to $1.7000. Construction group Masimba came off 2.52% to close at $2.5051 while, Meikles declined 0.08% to $2.4098.

Written by EFE Research

MARKET COMMENT 06.08. 2026

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Losses persist on the ZSE… Losses persisted on the ZSE market as the All Share Index fell 0.21% to 479.31pts while, the Blue-Chip Index lost 0.38% to 486.95pts. On the contrary, Agriculture Index rose 1.96% to 345.41pts as the Mid Cap Index put on 0.58% to 476.39pts. Star Africa led the laggards of the day on a 13.60% retreat to $0.0330, followed by Meikles that dropped 11.78% to $2.4118. ZB eased 6.79% to close at $7.0000 while, CBZ Holdings tumbled 1.16% to $40.0000. Beverages giant Delta capped the top five worst performers of the day on a 0.11% slide to $32.3321. Partially mitigating today’s losses was milk processor Dairibord that charged 14.96% to $4.6400 while, Tanganda firmed up 2.61% to $4.6176. ZHL put on 2.44% to $0.8195 while, SeedCo Limited ticked up 0.22% to $4.7703. AFDIS completed the top five gainers of the day on a 0.01% uplift to end the day pegged at $15.0010. Activity aggregates were mixed in the session as volumes shed 54.02% to 2.26m shares while, value outturn ballooned 688.69% to $21.98m. Volume drivers of the day were AFDIS (42.75%), Dairibord (28.55%) and TN Cybertech (18.90%). AFDIS was the most traded counter in terms of value and volumes after contributing 65.82% and 42.75% apiece. The Morgan & Co Multi Sector ETF was stable at $1.5900 as 49,996 units exchanged hands in the session. The Tigere REIT declined 3.04% to settle at $1.1023.

Written by EFE Research

MARKET COMMENT 05.08. 2026

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Market slips into the red… The ZSE market slipped into the red in midweek session as the All-Share Index declined 0.13% to end at 480.31pts while, the Blue Chip Index rose a marginal 0.16% to 488.81pts. The ZSE Agriculture Index and the Mid Cap Index retreated a similar 1.44% to end at 338.76pts and 473.62pts apiece. Milk processor Dairibord plunged a further 13.09% to close the day at $4.0363, trailed by SeedCo International that succumbed 10.86% to $4.7600. Zimre Holdings plummeted 10.11% to end the day at $0.8000 while, Hippo Valley trimmed 2.27% to $10.7500. Meikles capped the top five fallers of the day on a 0.59% loss to $2.7338. Partially mitigating today’s losses was cable manufacturer CAFCA that edged up 15.00% to $21.8500. Trailing was tea company Tanganda that jumped 9.43% to $4.5000 as Willdale put on 4.04% to $0.0510. Star Africa grew 0.57% to $0.0382 while, beverages concern Delta added 0.15% to settle at $32.3669.

Written by EFE Research

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