MARKET COMMENT 17.04.2026

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ZSE falters in week ending session… The ZSE market closed the week in losses as the primary All Share Index lost 0.50% to 359.85pts while, the Blue-Chip Index fell 0.41% to 363.07pts. The Agriculture Index eased 0.13% to 275.30pts while, the Mid Cap Index closed 0.85% weaker at 370.83pts. Logistics group Unifreight led the laggards of the day on a 15.00% dip to $2.5500 followed by FML that slipped 14.86% to $2.9800. Zimre Holdings trimmed 11.29% to close at $0.7500 while, TN Cybertech Bank declined 5.51% to $0.0944. FMP capped the worst performers of the day on a 4.99% retreat to end the day pegged at $0.9500. Trading in the positive territory was sugar refiner Star Africa that jumped 13.21% to $0.0340 while, Masimba added 9.82% to $2.3000. Tea processor Tanganda charged 9.80% to settle at $1.7025 while, Nampak surged 5.31% to $0.8004. CBZ completed the top five best performers list of the day on a 1.69% uplift to end pegged at $15.0000. Activity aggregates were depressed in the session as volumes traded fell 42.51% to 573,400 shares while, turnover declined by 60.25% to $6.20m. Top volume drivers of the day were Delta (30.42%), Masimba (15.59%) and Hippo (14.44%). Delta and Hippo were the most traded stocks in terms of value after contributing 75.91% and 12.69% respectively. Morgan & Co Multi Sector ETF dropped 20.00% to end the day pegged at $1.6000. Tigere REIT firmed up 2.25% to close at $1.0500 after a total of 6,297 units exchanged hands in the name.

Written by EFE Research

MARKET COMMENT 16.06.2026

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ZSE extends losses in penultimate session of the week… The ZSE market extended losses in the penultimate session of the week as the primary All Share Index lost 0.10% to 361.65pts while, the Blue-Chip Index fell 0.13% to 364.57pts. In contrast, the Agriculture Index rose 1.49% to 275.65pts while, the Mid Cap Index edged up 0.07% to 374.00pts. ZSE Holdings led the laggards of the day on a 13.64% dip to 0.9500, followed by Turnall that dropped 9.80% to $0.0902. Milk processor Dairibord tumbled 7.14% to close at $2.6000 while, Zimre Holdings Limited eased 6.06% to $0.8455. Seed producer SeedCo capped the worst performers of the day on 5.17% retreat to end the day pegged at $3.3900. Trading in the positive territory was TSL that shot up 14.52% to $5.5000 while, TN Cybertech surged 9.09% to $0.0999. Tea producer Tanganda stepped up 4.62% to settle at $1.5505 as ART charged 2.92% to $0.2470. Beverage giant Delta completed the top performers of the day on a 0.01% uplift to end the day pegged at $27.0046. Activity aggregates enhanced in the session as volumes traded ballooned 293.76% to 997,400 shares while, turnover grew by 1815.16% to $15.61m. Delta was the most traded counter in today’s session as it contributed 55.17% to the total volume traded and 95.22% to the total value traded. Other notable volume drivers of the day were Dairibord (19.57%) and Nampak (15.35%). Tigere REIT went up 0.54% to end the day pegged at $1.0269 after a total of 16,046 units exchanged hands in the name. No activity was recorded in the ETF section.

Written by EFE Research

MARKET COMMENT 15.04.2026

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VFEX buttresses prior session’s gains… The VFEX market buttressed prior markets’ gains as the All Share Index rose by 3.18% to 243.53pts. Leading the risers list of the day was Econet InfraCo that edged up 12.01% to $0.2947 while, Axia was 6.25% higher at $0.1395. Fast foods producer Simbisa climbed 2.94% to close trading at a VWAP of 0.6905. Conglomerate Innscor was 2.30% up at $1.2966 despite waning demand in the counter. Kavango rose by 1.50% to $0.0203. Partially weighing down the market was Caledonia that continued to weaken as it eased 5.48% to $50.0000 while, clothing retailer Edgars was 0.83% lower at $0.0238. Mining exploration company Invictus dropped 0.07% to $0.1504 while, miner and crocodile farmer Padenga was 0.02% down at $1.0998. African Sun that is preparing to delist from the market late in the month fell by 0.02% to $5.1692. Activity aggregates were mixed in the session as volume traded declined by 35.35% to 822,025 shares while, turnover increased by 140.25% to see $765,521.13 exchanged hands in the session. Padenga highlighted the session as it contributed 68.64% of the volume traded and 81.07% of the turnover traded. The other notable volume driver was Econet InfraCo that contributed 16.41 of the total traded. In the news, PGM miner Karo Mining Holdings has made further progress in derisking its Karo Platinum project in Zimbabwe, with open-pit surface clearing now underway as the development advances toward first ore being milled in the second half of 2027.

Written by EFE Research

MARKET COMMENT 13.04.2026

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ZSE reverses prior session’s losses… The ZSE market recovered from prior session’s losses mainly anchored by mid cap counters that dominated the top ten risers list of the day. The All-Share Index was 0.67% firmer at 362.89pts while, the Blue-Chip Index was 0.44% up at 365.23pts. The Agriculture Index was 1.64% up at 271.62pts as Tanganda, Dairibord and Hippo continued to soar while, the Mid Cap Index rose by 1.48% to 377.96pts. Headlining the risers list of the day was digital and print media group Zimpapers that charged 14.71% to $0.0780, trailed by Mashonaland Holdings that advanced 13.00% to $1.2995. Packaging company Nampak surged 10.14% to $0.7600 while, tea producer Tanganda edged up 8.85% to $1.4751. Dairy processor Dairibord buttressed prior session’s gains as it inched up 7.52% to $2.8000. Trading in the negative were bankers TNCI that plunged 12.13% to $0.1050 while, NMB eased 3.46% to settle at 5.0200. ART Holdings was 0.97% weaker at $0.2426 while, exchange holdings company ZSE parred of 0.32% to $1.1950 as demand remained constrained in the counter. Meikles Holdings was 0.09% down at $3.3902. Activity aggregates faltered in the session as volumes traded declined by 94.62% to 1.43m shares while, turnover declined by 95.36% to $6.14m. The Trio of TNCI, Nampak and Delta drove the volume aggregates of the day as they contributed a combined 91.35% of the total traded. In the turnover category, activity was mainly skewed toward Delta that claimed 89.59% of the total traded. No trades were recorded in the ETF category while, the Tigere REIT plunged 3.63% to $1.0515 as 175,804 units traded in the name. Elsewhere, construction group Masimba Holdings reported that it is pivoting towards private sector construction projects to strengthen cash flows and reduce reliance on government-funded infrastructure contracts.

Written by EFE Research