EFE Securities •
3 weeks ago •
Market Commentary
MARKET COMMENT-30.03.2026
Econet highlights today’s activity
aggregates…
Telecommunications group Econet that is expected to delist
tomorrow from the ZSE highlighted today’s activity aggregates
in a negotiated order that saw 75m shares worth $787.50m
exchange hands. The trade contributed 98.95% of the volume
traded and 98.07% of the turnover traded. Activity aggregates
enhanced in the session as volumes traded ballooned
12,079.83% to 75.84m shares while, turnover increased by
7,625.01% to $803.48m. The Tigere REIT was 0.05% weaker at
$1.0495 as 333,680 units traded in the name.
Construction group Masimba led the risers of the month as it
edged up 15.00% to $1.8400, followed by Agriculture concern
TSL that edged up 12.73% to $4.0500 post cancellation of its
AGM citing that it needs to allow the board sufficient time to
consider a potential strategic transaction which may have a
material impact on the company and its shareholders. Sugar
processor Star Africa was 11.40% higher at $0.0335 while,
logistics group Unifreight advanced 11.11% to $3.0000.
Proplastics rose by 5.13% to close at a VWAP of $1.3246 as it
fastened the top five movers list of the day. Leading the
laggards of the day was Meikles that parred off 14.84% to
$2.7251 while, First Mutual Holdings retreated 9.08% to
$3.8000. Banking group CBZ was 2.76% weaker at $16.0441
while, ZSE Holdings eased 2.04% to $1.2000. Seed technology
group SeedCo Limited dropped 0.62% to $3.9759.
The All-Share Index was 1.09% firmer at 366.29pts while, the
Blue-Chip Index added 1.38% to 375.73pts. The Agriculture
Index was 1.57% higher at 256.87pts while, on the contrary
the Mid Cap Index was 0.51% down at 351.48pts. Elsewhere,
RioZim published an abridged circular to shareholders relating
to and seeking approvals for the transfer of mining claims, the
sale of immovable property, the disposal of investment in RZM
Murowa (Private) Limited and authorisation for additional
debt as part of the turnaround strategy of the company.