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MARKET COMMENT 31.07.2026

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ZSE extends gains in the last session of the month… The market extended gains in the last session of the week as the primary All Share Index rose 0.44% to 480.81pts while, the Blue-Chip Index added 0.34% to 486.86pts. The Mid Cap Index put on 0.89% to 484.94pts while, the Agriculture Index lost 0.54% to 342.93pts. SeedCo topped the best performers of the day on a 14.39% jump to $5.3233, followed by Nampak that charged 11.58% to $0.9373. AFDIS surged 9.27% to close at $15.0000 as TN Cybertech ticked up 9.11% to $0.3279. Hotelier RTG capped the risers of the day on a 6.40% uplift to $1.5414. Trading in the negative territory was milk processor Dairibord that dropped 10.85% to $5.7023 while, ZSE Holdings tumbled 10.00% to $1.3500. Brick maker Willdale eased 4.52% to $0.0500 while, Zimre Holdings came off 4.48% to $0.8900. Star Africa completed the worst performers of the day on a 2.30% retreat to $0.0390.

Written by EFE Research

MARKET COMMENT 30.07.2026

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Marginal gains in the penultimate session… The market gained marginally in the penultimate session reversing losses from mid-week trades. The mainstream All Share Index was 0.71% up at 478.71pts while, the ZSE Top Ten Index rose 1.14% to 485.23pts. The ZSE Agriculture Index dropped 2.25% to close at 344.79pts while, the Mid Cap Index declined 1.18% to 480.68pts. Leading the winners of the day was General Beltings that charged 14.55% to $0.1260, trailed by AFDIS which surged 5.60% to $13.7279. Banking group CBZ edged up 4.62% to $40.4400 while, hotelier RTG grew 3.47% to $1.4486. SeedCo capped the top five gainers of the day on a 3.42% lift to $4.6538. Tea company Tanganda dropped 13.55% to $3.2849 while, brick makers Willdale dipped 9.24% to $0.0524. Milk processor Dairibord eased 4.40% to $6.3960 while, construction group Masimba shed 0.63% to $2.5700. Star Africa lost 0.20% to close the day at $0.0399.

Written by EFE Research

MARKET COMMENT 28.06.2026

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ZSE records marginal gains in week opener… The ZSE market recorded marginal gains in the week opening session as the primary All Share Index rose 0.94% to 472.07pts while, the Blue Chip Index added 1.25% to 479.13pts. The Agriculture Index fell 0.24% to 341.48pts while, the Mid Cap Index lost 0.53% to 471.30pts. Life assurer Fidelity headlined the best performers of the day on a 15.00% jump to $0.8050, followed by FBC Holdings that shot up 12.50% to $12.2625. Meikles surged 5.38% to close at $2.7400 while, CBZ ticked up 1.58% to $40.0354. Brick maker Willdale capped the top five risers of the day on a 0.66% uplift to end pegged at $0.0614. Trading in the negative territory was Star Africa that dipped 7.47% to $0.0421 while, Mashonaland Holdings came off 5.26% to $1.8000. Zimre Holdings slipped 4.76% to close at $1.0000 as SeedCo Limited dropped 3.29% to $4.2000. ZSE Holdings completed the worst performers of the day on a 0.66% retreat to $1.5000.

Written by EFE Research

MARKET COMMENT 29.07.2026

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ZSE records marginal gains in week opener… The ZSE market recorded marginal gains in the week opening session as the primary All Share Index rose 0.94% to 472.07pts while, the Blue Chip Index added 1.25% to 479.13pts. The Agriculture Index fell 0.24% to 341.48pts while, the Mid Cap Index lost 0.53% to 471.30pts. Life assurer Fidelity headlined the best performers of the day on a 15.00% jump to $0.8050, followed by FBC Holdings that shot up 12.50% to $12.2625. Meikles surged 5.38% to close at $2.7400 while, CBZ ticked up 1.58% to $40.0354. Brick maker Willdale capped the top five risers of the day on a 0.66% uplift to end pegged at $0.0614. Trading in the negative territory was Star Africa that dipped 7.47% to $0.0421 while, Mashonaland Holdings came off 5.26% to $1.8000. Zimre Holdings slipped 4.76% to close at $1.0000 as SeedCo Limited dropped 3.29% to $4.2000. ZSE Holdings completed the worst performers of the day on a 0.66% retreat to $1.5000.

Written by EFE Research

MARKET COMMENT 24.07.2026

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ZSE ends the week pointing northwards… The ZSE market ended the week pointing northwards as the primary All Share Index added 1.00% to 467.67pts while, the Blue-Chip Index rose 1.63% to end at 473.20pts. The ZSE Agriculture Index declined 0.72% to 342.30pts while, the Mid Cap Index dropped 1.69% to 473.80pts. Risers of the day were led by RTG that surged 12.00% to $1.4000 while, Hippo trailed on a 8.91% uplift to $11.9799. Agriculture concern Ariston charged 6.70% to $0.0749 while, banking group CBZ advanced 5.57% to $39.4135. Construction group Masimba capped the top five winners of the day on a 1.82% gain to $2.8000. Tea Company Tanganda led the laggards of the day on a 13.57% retreat to $3.1975 as General Beltings shed 10.93% to $0.1100. Logistics concern Unifreight went down 10.00% to $1.8000 as packaging group Nampak let go 7.04% to $0.8367. SeedCo Limited completed the top five fallers of the day on a 3.35% fall to $4.3429.

Written by EFE Research

MARKET COMMENT 23.06.2026

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Marginal gains on the ZSE… The market registered marginal gains in the session under review with the mainstream All Share Index adding 0.03% to close at 463.06pts while, the ZSE Top Ten Index rose 0.11% to end at 465.59pts. The Mid Cap Index grew 3.62% to 481.93pts while, contrastingly the Agriculture Index declined 1.81% to close at 344.79pts. Turnall led the positive movers of the day on a 4.17% charge to $0.1250 as Delta edged up 0.73% to $31.9564. Meikles capped the risers of the day on a 0.01% lift to end pegged at $2.6000. Agriculture concern Ariston receded 9.44% to $0.0702 while, Hippo Valley Estates dropped 8.33% to $11.0000. SeedCo Limited plummeted 5.26% to settle at $4.4933 while, Star Africa shed 1.47% to end at $0.0453. First Mutual Holdings slid 0.05% to $3.2485 as it capped the top five fallers of the day.

Written by EFE Research

MARKET COMMENT 22.07.2026

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ZSE rises further in midweek… The ZSE market recorded further gains in the midweek session as the primary All Share Index improved 1.18% to 462.90pts while, the ZSE Top Ten Index put on 1.02% to 465.09pts. The ZSE Agriculture Index added 0.58% to end at 351.16pts while, on the contrary the Mid Cap Index slid 1.95% to 465.09pts. Proplastics headlined the winners of the day having surged 14.38% to end pegged at $1.4298. Trailing was Zimre Holdings that edged up 14.13% to close at $1.0500 as packaging group Nampak charged 7.10% to $0.9000. SeedCo International jumped 4.70% to $4.7428 with banking group CBZ putting on 2.94% to $37.3333. Trading in the negative territory was Mashonaland Holdings that dropped 4.16% to settle at $1.9000. Following was the duo of TN Cybertech and FBC that trimmed 2.26% and 1.06% to close at $0.3000 and $10.8816 respectively. Meikles was 0.01% lower at $2.5998.

Written by EFE Research

MARKET COMMENT 21.07.2026

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ZSE rebounds in Tuesday’s session… The ZSE market rebounded in the second session of the week as the primary All Share Index added 1.43% to 457.48pts while, the Blue Chip Index rose 1.42% to 460.40pts. The Agriculture Index put on 1.37% to 349.15pts while, the Mid Cap Index went up 1.43% to 474.36pts. Nampak headlined the best performers of the day on a 10.76% jump to $0.8404, followed by TN Cybertech that shot up 10.67% to $0.3069. Construction group Masimba charged 9.26% to close at $2.7500 while, Hippo firmed up 7.78% to $12.0000. Meikles capped the top five winners of the day on a 3.59% uplift to end pegged at $2.6000. Star Africa led the laggards of the day on a 3.94% dip to $0.0458 as Ariston shed 0.63% to $0.0775. FBC Holdings completed the worst performers of the day on a 0.01% retreat to $10.9987.

Written by EFE Research

MARKET COMMENT 20.07.2026

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Delta highlights Monday’s trades… Delta highlighted the session in week-opener as 940,500 shares worth $28.93m exchanged hands in the name. The trade accounted for 94.55% of the total volumes traded and 99.36% of the turnover. Total volume traded ballooned 108.62% to 994,700 shares while, value outturn charged 159.53% to $29.12m. The Datvest MCS edged up 0.94% to $0.0819 while, the Morgan and Co MIZ added 0.30% to close at $0.1300. The Tigere REIT plummeted 11.63% to end at $1.0166, having traded an intra-day low of $0.9920 as 28.21m units worth circa $28.68m exchanged hands.

Written by EFE Research

MARKET COMMENT 17.07.2026

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ZSE ends the week in gains… The ZSE market ended the week in gains as the primary All Share Index rose 2.02% to 456.11pts while, the Blue-Chip Index added 1.86% to 458.39pts. The Agriculture Index put on 1.46% to 343.78pts while, the Mid Cap Index added 2.82% to 475.78pts. Zimre Holdings headlined the top performers of the day on a 15.00% jump to $0.9200, followed by TN Cybertech that surged 14.84% to $0.2773. Ariston ticked up 11.11% to close at $0.0780 while, CBZ Holdings charged 10.74% to $36.2688. Milk processor Dairibord capped the best performers of the day on a 8.66% uplift to $5.9703. Trading in the negative territory was Star Africa that dropped 2.64% to $0.0481 while, construction group Masimba tumbled 1.12% to $2.9231. ZSE Holdings slipped 0.05% to $1.5100 while, FBC trimmed 0.04% to $9.9900. SeedCo completed the

Written by EFE Research

MARKET COMMENT 16.07.2026

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ZSE continues to falter… The ZSE market continued to falter in Thursday’s session as the mainstream All Share Index shed 1.29% to close at 447.07pts while, the ZSE Top Ten Index slid 1.71% to 450.01pts. The ZSE Agriculture Index lost 1.57% to end at 338.83pts while, on the contrary the Mid Cap Index gained 0.43% to 462.75pts. Banking group CBZ was the top decliner of the day on a 14.92% drop to $32.7500 while, milk processor Dairibord succumbed 8.42% to $5.4945. SeedCo Limited tumbled 1.82% to end pegged $4.5311 as construction group Masimba Holdings slipped 1.46% to end at $2.9561. Tea company Tanganda trimmed 1.43% to close the day at $3.5469. TN Cybertech headlined the risers of the day after a 15.00% surge to close at $0.2415 while, Zimre Holdings edged up 13.18% to settle at $0.8000. Star Africa put on 8.31% to $0.0494 with Delta beverages putting on 3.71% to $31.9450. Meikles capped the risers of the day on a 0.69% lift to $2.5172.

Written by EFE Research

MARKET COMMENT 01.07.2026

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FMP highlights the month-opening session… First Mutual Properties highlighted the month opening session as circa 39.49m shares which represent 3.20% of the total shares in issue, exchanged hands. The trade accounted for 98.71% of the total volumes traded and 85.11% of the value outturn. Volume of shares traded ballooned 2,571.80% to 40.01m shares while, turnover soared 953.57% to $45.01m. The MIZ ETF was stable at $0.1200 as scanty 1,025 units traded in the name. The Tigere REIT ticked up 0.09% to $1.1231 while, the Revitus REIT traded 800 units at an unchanged price of $1.9000.

Written by EFE Research

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