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)
WEEKLY REVIEW 06.10.2023
Weekly Reports

WEEKLY REVIEW 06.10.2023

The market rose in the month opening week, anchored by small to mid-cap counters that dominated the top ten gainers. All the four benchmark...

05 Oct 2023 CBZ.zw
MARKET COMMENT 06.10.2023
Market Commentary

MARKET COMMENT 06.10.2023

ZSE swings back to gains …The market rebounded in Friday’s session buoyed by selected heavies. The All-Share Index was 2.01% hi...

05 Oct 2023 TURN.zw,ZIMP.zw
MARKET COMMENT-05.10.2023
Market Commentary

MARKET COMMENT-05.10.2023

ZSE extend losses in Thursday’s trades… The market extended losses in Thursday’s session to see three of the four in...

04 Oct 2023 DLTA.zw
MARKET COMMENT 04/10/2023
Market Commentary

MARKET COMMENT 04/10/2023

Heavies drag down the market… Losses in selected heavies weighed on the ZSE in midweek session to see their own Index drop 4.61%...

03 Oct 2023 ARIS.zw,CBZ.zw,DZL.zw,DLTA.zw,ECO.zw,FIDL.zw,FML.zw,ZIMR.zw,SEED.ZW
MARKET COMMENT 03/10/2023
Market Commentary

MARKET COMMENT 03/10/2023

Market charges ahead in the month opening session… The market continued to charge ahead in the new month as all the four indices we...

01 Oct 2023 DLTA.zw,FBC.zw,FML.zw,FMP.zw,GBH.zw,NMB.zw,OKZ.zw,TANG.zw,TURN.zw
MARKET COMMENT 29.09.2023
Market Commentary

MARKET COMMENT 29.09.2023

ZSE in the black as curtains come down on September…The market ended the trading month on a positive note as the primary All Share In...

28 Sep 2023 FMP.zw,GBH.zw,HIPO.zw,NPKZ.zw,OKZ.zw,PROL.zw,SACL.zw,WILD.zw,ZIMR.zw
WEEKLY REVIEW 29.09.2023
Weekly Reports

WEEKLY REVIEW 29.09.2023

The market reversed prior week losses to end the month of September in the black as demand in selected counters began to firm in the week un...

28 Sep 2023 DLTA.zw,SEED.ZW
FML highlights the session…
Market Commentary

FML highlights the session…

FML highlights the session…Insurance group First Mutual Holdings highlighted the session  after 25.34m shares worth circa $5.37b...

27 Sep 2023 ARIS.zw,DZL.zw,DLTA.zw,FML.zw,MASH.zw,OKZ.zw,PROL.zw,TRUW.zw,ZIMP.zw,ZIMR.zw
Market Comment - 22.09.2023
Market Commentary

Market Comment - 22.09.2023

Nampak highlights the session… Nampak trade highlighted the week ending session after a block trade of 11m shares worth $2.20bn exch...

21 Sep 2023 DZL.zw,DLTA.zw,EHZL.ZW,EDGR.zw,OKZ.zw,SACL.zw,TANG.zw,ZIMR.zw
ZSE retreats further…
Market Commentary

ZSE retreats further…

The market retreated further in the mid-week session as the Primary All Share Index lost 6.81% to 120,545.94pts while, the Blue-Chip Index f...

19 Sep 2023 DLTA.zw,EDGR.zw,FML.zw,GBH.zw,MASH.zw,ZIMR.zw
ZSE extends losses as selloff dominate…
Market Commentary

ZSE extends losses as selloff dominate…

The market extended losses into the new week as sell-off in selected counters dominated across the board. The All-Share Index was 4.82% weak...

17 Sep 2023 CBZ.zw,DLTA.zw,FML.zw,NTS.zw,NMB.zw,SACL.zw,TANG.zw,UNIF.zw,WILD.zw
ZSE retreats further in mid-month session…
Market Commentary

ZSE retreats further in mid-month session…

The ZSE recorded losses in the mid-month session as selected heavies weighed down the market. The All-Share Index was 0.60% weaker at 143,23...

14 Sep 2023 DZL.zw,DLTA.zw,ECO.zw,GBH.zw,MASH.zw,OKZ.zw,TANG.zw,ZIMR.zw

Trade Support Desk

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

+263 242 799132-5 Send Inquiry