ZSE ZSE TOP 15 INDEX: 491.50 (-1.32%)
VFEX ZSE VFEX ALLSHARE INDEX: 254.75 (-0.16%)
ZSE ZSE SMALL CAP INDEX: 100.11 (+0.00%)
ZSE ZSE CONSUMER DISCRETIONARY INDEX: 810.02 (+0.16%)
ZSE ZSE MINING INDEX: 147.11 (+0.00%)
ZSE ZSE MID CAP INDEX INDEX: 493.75 (+0.91%)
ZSE ZSE TOP 10 INDEX: 477.59 (-1.48%)
ZSE ZSE ALL SHARE INDEX: 474.92 (-1.04%)
ZSE ZSE TOP 15 INDEX: 491.50 (-1.32%)
VFEX ZSE VFEX ALLSHARE INDEX: 254.75 (-0.16%)
ZSE ZSE SMALL CAP INDEX: 100.11 (+0.00%)
ZSE ZSE CONSUMER DISCRETIONARY INDEX: 810.02 (+0.16%)
ZSE ZSE MINING INDEX: 147.11 (+0.00%)
ZSE ZSE MID CAP INDEX INDEX: 493.75 (+0.91%)
ZSE ZSE TOP 10 INDEX: 477.59 (-1.48%)
ZSE ZSE ALL SHARE INDEX: 474.92 (-1.04%)
EFE Securities Logo Member of the Zimbabwe Stock Exchange
EFE Research Desk & Valuations

Research & Valuations

Independent macroeconomic commentary, corporate valuations, and strategic equity insights across Zimbabwean capital markets.

Research Categories

Institutional Advisory Need Bespoke Valuation Models?

Contact our research department for specialized institutional equity valuations, earnings forecasts, and financial modeling.

Inquire with Analysts →

All Research Publications

3185 Report(s)
MARKET COMMENT-10.10.2025
Market Commentary

MARKET COMMENT-10.10.2025

Heavies drag down the market... The market was depressed in the last session of the week as losses in selected heavies dragged down the...

09 Oct 2025 ASUN.VX,DZL.zw,ECO.zw,INN.VX,NTFD.VX
WEEKLY REPORT-10.10.2025
Weekly Reports

WEEKLY REPORT-10.10.2025

Losses continued to persist on the ZSE, on the back of constrained liquidity experienced across the board. The AllShare Index was 3.56% weak...

09 Oct 2025 DZL.zw,HIPO.zw,MASH.zw,PROL.zw,SACL.zw
PRICESHEET-09.10.2025
Market Commentary

PRICESHEET-09.10.2025

TN Cybertech anchors the aggregates.... Bankers TN Cybertech were the top traded counter by volume and value as 41.65m shares worth $4....

08 Oct 2025 ARTD.zw,EHZL.ZW,NTS.zw,PPC.zw,RTG.zw
MARKET COMMENT-08.10.2025
Market Commentary

MARKET COMMENT-08.10.2025

ZSE rebounds in mid-week session.... The ZSE market rebounded in the midweek session as the primary All Share Index rose 0.37% to 203.5...

07 Oct 2025 ASUN.VX,DZL.zw,FML.zw,PROL.zw,CMC.VX
MARKET COMMENT-07.10.2025
Market Commentary

MARKET COMMENT-07.10.2025

ZSE records a 0.73% loss... The ZSE market recorded a 0.73% loss in the session to close pegged at 202.82pts as activity across the boa...

06 Oct 2025 AFDS.zw,DZL.zw,ECO.zw,NPKZ.zw,OKZ.zw
MARKET COMMENT-06.10.2025
Market Commentary

MARKET COMMENT-06.10.2025

Losses persist into the new week... Losses on the bourse persisted into the new week as the AllShare Index retreated 0.41% to 204.31pts...

05 Oct 2025 ASUN.VX,DZL.zw,EHZL.ZW,FCA.VX,MEIK.zw
WEEKLY REPRT-03.10.2025
Weekly Reports

WEEKLY REPRT-03.10.2025

The ZSE market reversed prior week’s gains as it retreated 1.71% to close at 205.16pts mainly weighed down by constrained demand witne...

02 Oct 2025 ASUN.VX,ARIS.zw,ECO.zw,FBC.zw,NTFD.VX
MARKET COMMENT-03.10.2025
Market Commentary

MARKET COMMENT-03.10.2025

ZSE subdued in week-ending session... The market was subdued in week-ending session on weakening demand across the board. The primary A...

02 Oct 2025 ARIS.zw,ECO.zw,FCA.VX,MSHL.zw,OMU.zw
MARKET COMMENT-02.10.2025
Market Commentary

MARKET COMMENT-02.10.2025

ZSE retreats further... The market continued to weaken in Thursday’s session as mid and heavy cap counters retreated further. &nb...

01 Oct 2025 ASUN.VX,BFCA.ZW,DZL.zw,EHZL.ZW,FBC.zw
MARKET COMMENT-01.10.2025
Market Commentary

MARKET COMMENT-01.10.2025

ZSE falters in month-opening session... The market faltered in the first session of the month as heavy and mid cap counters weighed dow...

30 Sep 2025 AFDS.zw,DZL.zw,ECO.zw,MASH.zw,OMU.zw
MARKET COMMENT-30.09.2025
Market Commentary

MARKET COMMENT-30.09.2025

ZSE ends September in marginal gains... The ZSE market ended the month of September in marginal gains. The primary All-Share Index grew...

29 Sep 2025 ASUN.VX,COTT.zw,DLTA.zw,FIDL.zw,NPKZ.zw
MARKET COMMENT-29.09.2025
Market Commentary

MARKET COMMENT-29.09.2025

ZSE upbeat in penultimate session... ZSE gains persisted into the penultimate session of the month. The mainstream All Share Index rose...

28 Sep 2025 ASUN.VX,DZL.zw,ECO.zw,GBH.zw,INN.VX

Trade Support Desk

Need investment assistance or have trade inquiries? Call our desk directly.

+263 242 799132-5 Send Inquiry