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The ZSE market continued to record gains as Mid-cap counters dominated in the week under review. The All-Share Index was 1.62% firmer at 456.11pts while, the segregated Industrials edged up 1.60% to settle at 448.12pts. The Blue-Chip Index inched up 0.95% to 458.39pts on the back of gains in Hippo and Delta while, the Mid Cap Index went up 4.58% to 475.78pts as it broadened its YTD gains to 71.05%. Elsewhere, AFDIS invested US$4.4 million in plant and equipment upgrades during the year ending March 2026, in a bid to successfully improve production reliability and cost efficiency.
Written by EFE Research
Heavy and Mid Cap counters anchored the market in the week under review, as the All-Share Index buttressed prior week’s on a 3.18% gain to 448.83pts. The Blue-Chip Index was 2.57% firmer 454.09pts while, segregated Industrials rose by 3.17% to close trading at 441.08pts. The Mid Cap Index advanced 5.89% to close pegged at 454.95pts, extending its YTD gains to 63.56%. Elsewhere, the Old Mutual Limited is migrating its secondary listing from the ZSE to the VFEX, resolving its long-standing ZSE trading suspension and restoring shareholders' ability to trade, pending regulatory approval.
Bullish sentiment prevailed in month-end trades, in the week under review, mainly anchored by improved activity that emanated from portfolio rebalancing, fuelling a significant rally, with the Blue-Chip Index recording double-digit gains. The All-Share Index was 9.28% firmer at 435.00pts while, the Industrial Index followed suit as it gained 9.29% to settle at 427.53pts. The Blue-Chip Index recorded double digit gains as it garnered 10.69% to close pegged at 442.72pts widening its YTD gains to 57.12pts. The Mid Cap Index inched up 3.13% to close trading at 429.65pts. Elsewhere, Hippo released an impressive set of results in which it reported a profit for the year of US$24.06m and declared a final dividend of US$0.0150.
The ZSE market took a breather in the week under review to see the primary All Share Index sliding 0.50% to end pegged at 398.05pts. The Industrial Index lost 0.48% to settle at 391.18pts while, the Blue-Chip Index reversed prior weeks’ gains to close at 399.98pts as it reduced its YTD gains to 41.95%. The Mid Cap Index extended its losses from the previous week on a 1.18% loss as it closed the week at 416.62pts. Elsewhere, TSL released its interim results in which the agricultural concern recorded a 33% increase in revenue to US$26.2m. The week also saw TSL delisting from the ZSE on the 24th of June and is set to list on the VFEX on the 29th of June 2026.
The ZSE market maintained gains in the week under review despite constrained activity. Three of the four benchmark indices we review recorded decent gains during the week with the All-Share Index notching up 2.94% to settle at 400.04pts. The Industrial Index was 2.81% higher at 393.07pts while, the Blue-Chip Index was 4.71% firmer at 401.30pts while, on the contrary the Mid Cap Index was 3.92% weaker at 421.61pts as it reduced its YTD gains to 51.58%. Elsewhere, agriculture concern TSL shareholders approved the company's delisting from the ZSE and its subsequent migration to the Victoria Falls Stock Exchange, with the last day of trading set for 24 June 2026.
Heavy cap counters anchored the market in the week under review as the All-share Index recovered by 4.04%, breaching the 400pts mark to close the week pegged at 404.30pts while, the Blue Chip Index was 5.11% firmer at 402.83pts. The Industrial Index was 3.99% higher at 397.58pts as it extended its YTD gains to 46.29% while, on the contrary the Mid Cap Index was 0.15% weaker at 438.13pts. Elsewhere, South African cement producer PPC Limited received a record dividend of US$36m, from its Zimbabwean subsidiary during the year ended March 31, 2026, nearly tripling the US$13m paid in the previous financial year, amidst strong sales growth and improved profitability.
ZSE retreats in the first week of June… The ZSE market retreated in the first week of June, mainly weighed down by heavy cap counters, as three of the four indices we review closed pointing southwards. The All-Share Index was 0.17% weaker at 388.60pts while, the Industrial Index was 0.20% lower at 382.34pts. The Blue-Chip Index retreated 0.27% to 383.26pts, mainly dragged down by BAT, FMP, Delta and CBZ while, the Mid Cap Index was 0.24% firmer at 438.79pts, extending its YTD gains to 57.75%. Elsewhere, RIOZIM released its FY25 results in which the miner missed on the gold boom as its revenue fell by 47% to ZWG$251.33m and reported a loss of ZWG$739.07m.
Market falters as curtains come down on the month of May… The market faltered in the final week of the month of May as the mainstream All-Share Index declined 0.73% to close at 389.26pts. The Industrial Index retreated 0.70% to end the week at 383.10pts while, the ZSE Top Ten Index shed 0.23% to 384.31pts. The Mid Cap Index was the major decliner amongst the Indices that we review, as it dropped 2.59% week on week to 437.76pts. Elsewhere, TSL Limited is seeking shareholder approval to voluntarily terminate its listing on the Zimbabwe Stock Exchange and relist the business on the Victoria Falls Stock Exchange to unlock long-term shareholder value, improve access to foreign currency capital and accelerate regional expansion.
The ZSE rebounded in the first week of May as the All-Share Index gained 2.73% to settle at 375.15pts while, the segregated Industrial Index was 2.77% firmer at 369.13pts. The Blue-Chip Index was 2.60% up at 372.63pts, mainly anchored by Masimba, AFDIS, Delta and Mashonaland Holdings. The Mid Cap Index was 3.19% firmer at 412.22pts as it extended its YTD gains to 48.20%. Elsewhere, spirits and wines producer AFDIS released its FY25 results in which revenue grew by 56% while, profit for the year grew by 49.65% to US$7.67m and declared a final dividend of US$0.01.
The ZSE reversed prior week’s losses, in the month ending week as the All-Share Index rose by 2.17% to 365.17pts. The segregated Industrials were 2.24% firmer at 359.17pts while, the Blue-Chip Index recovered 1.79% to close pegged at 363.18pts, mainly anchored by Masimba, BAT, CBZ and SeedCo Limited. The Mid Cap Index rose by 3.69% to settle at 399.47pts, falling just 0.53pts shy of breaching the 400-point mark, as it extended its YTD gains to 43.62pts. Elsewhere, mobile network operators spent ZiG$1.08bn, cumulatively, during the fourth quarter of 2025, double the ZiG$509m spent in the third quarter as players accelerated network expansion.
Losses continued to persist on the ZSE as the All-Share Index retreated 0.68% to 357.42pts while, the segregated Industrials fell by 0.64% to 351.30pts. The Blue-Chip Index was 1.73% lower at 356.79pts as CBZ, FMHL, Delta and Hippo weighed on the index. The Mid Cap Index was 3.89% firmer at 385.27pts extending its YTD gains to 38.51%. ZIDA has reported a 2,406% increase in domestic direct investment and a 62% rise in projected investment value compared to the previous quarter, with the chief executive pointing to significant improvements in the investment environment despite a fall in the total number of licences issued.
The ZSE retreated in the week under review, weighed down primarily by losses in the heavy and mid-cap counters. The All Share Index was 0.17% weaker at 359.85pts while, the Blue Chip Index was 0.15% down at 363.07pts. The Mid Cap Index was 0.43% weaker at 370.83pts while, on the contrary the Industrial Index was 0.02% firmer at 353.57pts as it extended its YTD gains to 30.09%. Unifreight Africa announced that it has entered into a sale of shares agreement for the acquisition of an effective 87.67% shareholding in Cheeta Express – the sole authorised global service participant for FedEx Express Zimbabwe, in a deal worth US$2.08m which represents 15.7% of the company’s market cap.
