EFE Securities •

1 week ago •

Market Commentary

MARKET COMMENT 02.06.2026

Marginal gains on the ZSE… 
The ZSE market ended the day in marginal gains as the 
mainstream All Share Index rose 0.03% to 386.06pts. The Blue
Chip Index improved 0.27% to end the day at 380.60pts. The 
ZSE Agriculture Index declined 1.22% to 321.64pts while, the 
Mid Cap Index slid 0.87% to 436.67pts. Leading the gainers’ 
pack was First Mutual Holdings that surged 15.00% to $1.9040. 
Trailing was ZSE Holdings that jumped 8.72% to $1.1980 as 
Star Africa improved 5.28% to settle at $0.0371. Beverages 
concern Delta gained 0.19% to end at a VWAP of $29.2376 
while, SeedCo Limited added 0.05% to $4.0200. Trading in the 
negative territory was agriculture concern Ariston which 
tumbled 12.38% to $0.0600 while, tea company Tanganda 
plummeted 4.94% to $5.6647. General Beltings shed 4.55% to 
$0.1050 as Proplastics trimmed 2.58% to $1.2007. 
Mashonaland Holdings retreated 2.26% to land at $1.2709.  
 
Activity aggregates were mixed in the session as volumes 
ballooned 406.93% to 3.42m shares while, turnover went 
down 2.66% to $7.64m.  Volume leaders of the day were 
Willdale (29.29%), TNCI (24.83%) and ART (23.97%). Delta 
claimed the lion’s share of the total value traded contributing 
79.21%. The Tigere REIT edged up 1.64% to $1.0454 on 58,000 
units. The Datvest MCS ticked up 0.50% to $0.0600 on 1,000 
units while, the Morgan and Co MCS was stable at $1.5500 on 
100 units.