EFE Securities •

2 days ago •

Market Commentary

MARKET COMMENT 11.03.2026

Losses persist on the bourse… 
The market continued to falter in mid-week session weighed 
down by losses in selected heavies. The mainstream All Share 
Index slid 1.13% to 355.41pts while, the ZSE Top Ten Index let 
go 1.46% to 362.83pts. Conversely, the Agriculture Index 
gained 1.32% to 253.62pts while, the Mid Cap Index added 
0.67% to 350.14pts. Tea company Tanganda headlined the 
risers of the day on a 12.36% surge that took it to $0.7871. 
Following was TSL that rebounded 12.16% to close the day at 
$3.6500 with Proplastics jumping 10.54% to $1.2713. Brick 
makers Willdale edged up 4.23% to settle at $0.0302 as RTG 
put on 2.59% to end at $1.1797. Lone miner RioZim was the 
major casualty of the day having lost 12.93% to close the day 
at $0.6530. Trailing was ZSE Holdings that declined 9.09% to 
$1.0000 with Star Africa shedding 4.76% to $3.2381. Delta 
dropped 4.10% to settle at $26.8974 while, milk processor 
Dairibord trimmed 2.97% to $2.6194.  
 
Activity aggregates were depressed in the session as volumes 
plunged 56.30% to 3.23m shares while, turnover plummeted 
64.78% to $3.17m.  Tanganda Letters of Allocation and TN 
Cybertech claimed a combined 83.82% of the total volume 
traded. Delta and Econet anchored the value aggregate 
claiming 52.16% and 21.94% apiece. The Cass Saddle ETF let 
go 1.21% to close at $0.0686 while, the MIZ ETF was stable at 
$0.0680 on 1,000 units. The Tigere REIT gained 2.54% to close 
the day at $1.1349 on 332,920 units.