EFE Securities •

1 week ago •

Market Commentary

MARKET COMMENT 13.04.2026

ZSE reverses prior session’s losses… 
The ZSE market recovered from prior session’s losses mainly 
anchored by mid cap counters that dominated the top ten 
risers list of the day. The All-Share Index was 0.67% firmer at 
362.89pts while, the Blue-Chip Index was 0.44% up at 
365.23pts. The Agriculture Index was 1.64% up at 271.62pts as 
Tanganda, Dairibord and Hippo continued to soar while, the 
Mid Cap Index rose by 1.48% to 377.96pts. Headlining the 
risers list of the day was digital and print media group 
Zimpapers that charged 14.71% to $0.0780, trailed by 
Mashonaland Holdings that advanced 13.00% to $1.2995. 
Packaging company Nampak surged 10.14% to $0.7600 while, 
tea producer Tanganda edged up 8.85% to $1.4751. Dairy 
processor Dairibord buttressed prior session’s gains as it 
inched up 7.52% to $2.8000. Trading in the negative were 
bankers TNCI that plunged 12.13% to $0.1050 while, NMB 
eased 3.46% to settle at 5.0200. ART Holdings was 0.97% 
weaker at $0.2426 while, exchange holdings company ZSE 
parred of 0.32% to $1.1950 as demand remained constrained 
in the counter. Meikles Holdings was 0.09% down at $3.3902. 
 
 
Activity aggregates faltered in the session as volumes traded 
declined by 94.62% to 1.43m shares while, turnover declined 
by 95.36% to $6.14m. The Trio of TNCI, Nampak and Delta 
drove the volume aggregates of the day as they contributed a 
combined 91.35% of the total traded. In the turnover category, 
activity was mainly skewed toward Delta that claimed 89.59% 
of the total traded. No trades were recorded in the ETF 
category while, the Tigere REIT plunged 3.63% to $1.0515 as 
175,804 units traded in the name. Elsewhere, construction 
group Masimba Holdings reported that it is pivoting towards 
private sector construction projects to strengthen cash flows 
and reduce reliance on government-funded infrastructure 
contracts.