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EFE Securities Financial Statements

EFE Securities Year to Year Financial Statements

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MARKET COMMENT 10.09.2024

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Heavies anchor the market as ZSE advance 6.42%… The ZSE market rose by 6.42% to settle at 215.95pts, mainly buoyed by the Blue-Chip Index that jumped 8.37% to close at 230.38pts. The Agriculture Index charged 2.20% to close at 181.05pts while, the Mid Cap Index surged 1.33% to close at 169.71pts. Brick manufacturer Willdale led the gainers of the day as it edged up 15.74% to settle at $0.0440 while, banking group FBC charged 15.00% to close at upper circuit breaker limit of $7.5380. Banking group NMB buttressed prior session’s gains as it charged 14.98% to $2.2455 while......

Written by EFE Research

MARKET COMMENT-02.03.2026

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ZSE commences March in gains… The ZSE market commenced the month of March in gains as the All-Share Index rose by 0.10% to 359.48pts while, the Mid Cap Index was 0.94% firmer at 353.80pts. The Agriculture Index was 1.55% up at 264.14pts while, on the contrary the Blue-Chip Index was 0.05% weaker at 367.06pts. Leading the gainers of the day was sugar processor Hippo that charged 14.18% to $11.5000 while, Zimre Holding trailed behind on a 12.98% surge to $0.5700. Sugar processor Star Africa inched up 12.06% to $0.0360 while, telecommunications giant Econet was 0.59% higher at $9.0147 despite having reached an intraday high of $10.0000. Bankers TN Holdings capped the top five risers’ list of the day on a 0.49% ascent to $0.1045. Trading in the negative category was brick manufacturer Willdale that retreated 14.30% to $0.0300 while, construction giant Masimba plunged 14.21% to $2.1000. Packaging group Proplastics retreated 12.88% to end pegged at 1.1500 while, agriculture concern TSL was 8.13% lower at $3.0322. Tea producer Tanganda closed the day pegged at $0.6500 following a 7.14% descent. Activity aggregates faltered in the session as volumes traded fell by 54.97% to 666,400 shares while, turnover was 75.75% down to $6.19m. Top volume drivers of the day were Hippo, ZSE and NMB with respective contributions of 41.07%, 13.73% and 10.43%. The duo of Hippo and Delta drove the turnover aggregates of the day as they claimed a combined 72.41% of the turnover traded. In the REIT category, Tigere was 6.32% lower at $1.3527 as 112,882 units traded in the name.

Written by EFE Research

MARKET COMMENT-03.03.2026

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Marginal gains persist… Marginal gains persisted on the bourse as selected heavies weakened further. The mainstream All Share Index grew 0.17% to 359.72pts while, ZSE Agriculture Index added 3.01% to 267.96pts. The Mid Cap Index edged up 2.54% to close the day at 359.40pts. The only faller amongst the indices we review was the ZSE Top Ten Index which slid 0.26% to end at 366.29pts. Top positive mover of the day was milk processor Dairibord that surged 12.57% to close pegged at $3.0586. Following was TSL that jumped 12.21% to $3.4025 as TN Cybertech rebounded 1.19% to $0.1057. Tea company Tanganda rose 1.06% to $0.6569 while, banking group CBZ added 0.35% to settle at $14.1000. On the downside was Proplastics dropped 4.93% to end pegged at $1.0933 as ZSE Holdings succumbed 3.47% to $1.1969. Star Africa declined 2.70% to close at $0.0350 with cigarette manufacturer BAT trimming 2.27% to $214.9995. Beverages concern Delta retreated 0.22% to close at $29.4240 on selling pressure. Total volume traded jumped 28.68% to 1.91m while, turnover tumbled 31.26% to $16.86m. Top volume drivers of the day were Econet and Dairibord that claimed 73.35% and 11.38% apiece. Top value drivers of the day were Econet and Delta that accounted for 74.22% and 18.59% respectively. The Datvest MCS went down 0.30% to settle at $0.0670 while, the Cass Saddle ETF put on 1.00% to land at $0.1200. A total of 701,377 units worth $47,029.31 exchanged hands in the two ETFs. The Tigere REIT fell 0.20% to $1.3500 as the Revitus REIT ticked up 6.63% to end at $1.7700.

Written by EFE Research

MARKET COMMENT-04.03.2026

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ZSE records marginal gains in midweek session… The ZSE market recorded marginal gains in the midweek session as the primary All Share Index rose 0.26% to 360.67pts while, the Blue-Chip Index added 0.52% to 368.18pts. Contrastingly, the Agriculture Index lost 1.31% to 264.45pts while, the Mid Cap Index eased 1.10% to 355.44pts. Tea producer Tanganda headlined the top performers of the day on a 6.56% uplift to $0.7000, followed by Econet that firmed up 5.25% to $9.4758. Construction group Masimba edged up 2.02% to close at $2.1425 while, CBZ inched up 0.62% to $14.1875. General Beltings completed the top performers of the day on a 0.50% lift to end the day pegged at $0.1000. Trading in the negative territory was Proplastics that dropped 14.98% to $0.9295 while, TSL declined 10.77% to $3.0361. Beverage giant Delta tumbled 1.45% to settle at $28.9979 while, Star Africa trimmed 0.79% to $0.0347. BAT capped the laggards of the day on a 0.47% retreat to end the day pegged at $213.9900. Activity aggregates enhanced in the session as volume ballooned 120.11% to 4.20m shares while, turnover grew by 231.12% to $55.82m. Top volume drivers of the day were Delta (40.35%), Meikles (17.94%) and Proplastics (13.00%). Delta and Meikles were the most traded counters in terms of value after contributing 88.01% and 4.05% respectively. Cass Saddle ETF dropped 1.80% to close at $0.1020 while, MIZ ETF went down 0.70% to $0.0680 after 3.55m units exchanged hands in the name. On the REIT section, Tigere trimmed 0.20% to end the day pegged at $1.3500 as Revitus gained 6.33% to close at $1.7700.

Written by EFE Research

MARKET COMMENT-05.03.2026

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ZSE rises further in Thursday’s session… The ZSE market rose further in Thursday’s session to see the All-Share Index gaining 1.06% and settled at 364.48pts with the Top Ten Index ticking up 1.25% to settle at 372.77pts, spurred mainly by firming demand seen in the outgoing Telecom giant Econet. Not to be outdone was the Agriculture Index that added 0.47% to 265.70pts and the Mid cap Index which went up 0.03% to close at 355.53pts. Proplastics led the risers of the day on a 7.58% surge that took it to $1.0000 where supply could be established. Following was Econet which rose 7.36% to end pegged at $10.1735 on firming demand with TSL rising 4.85% to close at $3.1833. First Mutual Properties advanced 3.70% to $1.0370 while, Mashonaland added 0.36% to $1.2795 as it completed the risers’ list of the day. On the downside was Star Africa Corporation which headlined on a 13.54% loss that took it to $0.0300 while, ZSE Holdings lost 8.10% to end at $1.1000. Banking group FBC 7.11% succumbed 7.11% to close at $11.5000 while, waning demand dragged the banking group TN Cybertech lower to $0.1025. Delta Corporation was 0.86% down at $28.7496 where demand could be established. Activity aggregates improved from yesterday as seen in volumes which went up 35.34%, yielding a turnover of $65.88m which was 18.02% up from yesterday. Econet emerged as the top volume and value drive accounting for 72.73% and 68.83% respectively. The other notable trade was in Delta which claimed 29.99% of the value total. The Datvest ETF lost 0.20% to settle at $0.0651 while, Morgan and CO Made In Zimbabwe traded stable at $0.06800. The Revitus ETF was down 3.03% to $1.6001 as Tigere REIT closed stable at $1.1500, post its analyst Briefing in which the Fund registered an increase in rental revenue of 58.82% to USD$2.64m.

Written by EFE Research

MARKET COMMENT-06.03.2026

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ZSE slips into the red… The market slipped into the red in week-ending session as selected heavies weighed down the ZSE. The mainstream All Share Index declined 0.86% to 361.36pts while, the ZSE Top Ten Index shed 0.93% to 369.29pts. The ZSE Agriculture Index retreated 0.41% to end at 264.62pts while, the Mid Cap Index went down 0.43% to 354.00pts. Packaging group Nampak was the major casualty of the day on a 5.11% dip to land at $0.7401. Following was brick maker Willdale that eased 3.33% to $0.0290 with Hippo Valley Estates letting go 3.00% to end pegged at $11.1545. Beverages giant Econet retreated 1.76% to $28.2433 while, TN Cybertech lost 1.69% to $0.1008. Life assurer Fidelity surged 13.46% to settle at $0.4538 while, TSL charged 2.09% to $3.2500. Construction group Masimba ticked up 0.19% to $2.1466 as bankers CBZ put on 0.12% to $4.6146. Activity aggregates were depressed in the session as volumes traded tumbled 61.38% to 2.19m shares while, value outturn plunged 67.93% to $21.13m. Econet was the top volume and value driver of the day after claiming a massive 89.93% of the former and 94.97% of the latter. The Cass Saddle ETF shed 1.53% to $0.0867 on 2,000 units while, the Datvest MCS rose 0.10% to $0.0660 on 5,000 units. The MIZ ETF was unchanged at $0.0680 on 500 units. The Tigere REIT dropped 10.96% to $1.0240 on 637,688 units.

Written by EFE Research