EFE Securities •

6 days ago •

Market Commentary

MARKET COMMENT 03.06.2026

Gains in selected heavies lifts the ZSE… 
The market extended gains in mid-week session as selected 
heavies lifted the ZSE. The primary All Share Index put on 
0.84% to 389.31pts while, the Blue Chip Index gained 1.07% to 
close at 384.67pts. The Agriculture Index firmed up 2.74% to 
330.44pts while, on the contrary the Mid Cap Index lost 0.05% 
to 436.47pts. Mashonaland Holdings was the best performer 
of the day on a 14.88% surge to $1.4600, followed by milk 
processor Dairibord that charged 14.56% to $2.7075. Cigarette 
producer BAT charged 8.82% to close at $184.9998 while, Star 
Africa inched up 7.89% to $0.0400. Banking group CBZ 
Holdings capped the top five winners of the day on a 1.74% 
surge to $17.8000. FMP led the laggards of the day as it dipped 
9.34% to $0.9061 while, sugar processor Hippo tumbled 1.27% 
to $10.8996. Tea producer Tanganda eased 0.99% to close at 
$5.6088 while, SeedCo came off 0.47% to $4.0011. TN 
Cybertech completed the worst performers of the day after a 
0.34% decline that took the banker to $0.1441.