EFE Securities •

3 days ago •

Market Commentary

MARKET COMMENT 12.05.2026

Mid cap counters anchor the market… 
Mid cap counters anchored the market in Tuesday’s trades as 
its index rose by 1.34% to 416.09pts. The ZSE All Share Index 
was 0.04% lower at 376.43pts. On the contrary, the Blue-chip 
Index was 0.28% weaker at 373.33pts while, the Agriculture 
Index fell by 1.68% to 281.61pts mainly weighed down by BAT. 
Packaging group Nampak led the gainers of the day as it rallied 
13.73% to settle at a VWAP of $0.8530 while, banking group 
TN Cybertech ticked up 13.04% to close at $0.1300 as 2,000 
units traded in the name. Sugar processor Star Africa grew by 
10.42% to end trading at $0.0331 while, financial services 
group Zimre Holdings jumped 8.70% to $0.7500. Banking giant 
CBZ rose by 1.00% to $15.4786. Trading in the negative was 
ART Holdings that succumbed 11.32% to $0.1951 while, 
cigarette producer BAT followed on a 5.56% decline to 
$170.0000. Construction group Masimba was 2.08% weaker at 
$3.4900 while, brick manufacturer Willdale eased 1.99% to 
close pegged $0.0400.