EFE Securities •

1 month ago •

Market Commentary

MARKET COMMENT 07.05.2026

ZSE reverses gains … 
The ZSE market reversed prior session’s gains as the primary 
All Share Index lost 0.05% to 374.86pts while, the Blue-Chip 
Index eased 0.11% to 372.20pts. The Agriculture Index 
dropped 2.29% to end at 284.69pts. On the contrary, the Mid 
Cap Index went up 0.21% to 412.53pts. BAT led the laggards of 
the day on a 9.89% retreat to $180.0000, followed by Turnall 
that plunged 9.50% to $0.0905. Milk processor Dairibord 
tumbled 6.49% to $2.6000 as ART declined 4.62% to $0.2200. 
Construction group Masimba capped the worst performers of 
the day on a 2.70% dip to end at $3.6000. Partially mitigating 
today’s losses was Zimpapers that surged 11.96% to $0.0702 
while, tea processor Tanganda charged 10.71% to $3.1000. 
ZSE Holdings stepped up 10.02% to close at $1.1000 while, 
Ariston edged up 7.99% to $0.0644. TN Cybertech completed 
the top performers of the day after a 1.71% uplift to $0.1027.  
 
Activity aggregates declined in the session as volume traded 
tumbled 87.90% to 197,600 shares while, turnover shed 
94.15% to $831,930.84. Top volume drivers of the day were 
NMB (50.61%), Turnall (16.60%) and Star Africa (8.05%). NMB 
was the most sought-after stock of the day as it claimed 
50.61% of the volume aggregate and 62.75% of the turnover. 
The Datvest ETF inched up 0.06% to settle at $0.0606 while, 
the MIZ ETF firmed up 1.20% to end the day pegged at 
$0.0920.  The Tigere REIT advanced 1.19% to settle at $1.1900 
after 13,836 units exchanged hands in the session.