EFE Securities •

2 days ago •

Market Commentary

MARKET COMMENT 13.05.2026

BAT drags down the market… 
Losses in cigarette maker BAT dragged down the market in 
mid-week session after a 14.71% plunge to $145.0000. The 
primary All Share Index declined 0.65% to 374pts while, the 
Blue-chips Index went down 0.73% to end at 370.60pts. The 
ZSE Agriculture Index dropped 3.99% to 270.37pts while, the 
Mid Cap Index shed 0.30% to 414.86pts.  ZSE holdings 
plummeted 9.08% to $1.0001 while, FMP succumbed 6.05% to 
close at $1.0522. First Mutual Holdings lost 6.01% to $2.3498 
while, Proplastics capped the top five losers of the day after a 
5.00% retreat to $1.4250. Partially offsetting today’s losses 
was tea company Tanganda that gained 2.17% to settle at 
$3.3761 while, financial services group ZB ticked up 1.92% to 
$5.3000. Milk processor Dairibord added 0.40% to $2.4100 
while, Star Africa inched up 0.30% to $0.0332. Beverages 
concern Delta grew 0.29% to $28.1055.