EFE Securities •

6 months ago •

Weekly Reports

WEEKLY REPORT 08.08.2025

The ZSE market swinged back into the negative territory as the primary All Share Index lost 2.45% to 203.32pts while, the Industrial Index fell a similar 2.45% to 203.19pts. The Blue-Chip Index dipped 2.10% to close at 199.20pts while, the Mid Cap Index tumbled 3.78% to 238.62pts reducing its YTD gains to 4.84%. Elsewhere, The Reserve Bank in its Mid-term policy statement maintained a tight monetary stance, keeping the Bank Policy Rate at 20% while, keeping the statutory reserve ratio on ZiG demand deposits at 15% to control money supply growth. ZiG usage rose from 26% to over 40% of electronic transactions by June 2025, and the policy will be sustained to consolidate stability and disinflation. Reserves increased by over 150%, from US$285 million in April 2024 to US$730 million by June 2025, supported by US$7.2 billion in foreign currency inflows. 

A negative breadth of six was registered in the week under review as fifteen counters traded in the negative 
territory against nine risers while, seven closed unchanged. Leading the laggards of the week was construction group Masimba which succumbed 30.77% to $2.0000 with property concern Mashonaland Holdings following on a 28.32% plunge that took it to $1.2000, where demand could be found. Brick manufacturers Willdale declined 24.86% week on week and settled at $0.0301 while, TSL lost 14.99% to end at $2.2945 on the back of selling pressure in the name. British American Tobacco was 13% down at $90.0000 as demand continued to wane in the cigarette manufacturer. Banking group ZB trimmed 10.41% during the week and settled at $3.0573 while, FML eased 9.08% to close at $1.4820 on weakening demand. Agricultural concern Ariston was 6.54% lower 6.30% to $1.1300, where demand could be found. 
 
Topping the risers’ list was sugar refiner Star Africa which went up 18.82% to $0.0476 as RTG followed ticking up 12.54% to settle at $0.7315. Tanganda was 6.03% higher at $1.1525 while, retailer OK Zimbabwe rebounded 1.05% to end the week at $0.2122, albeit on retail demand. Heavy cap Econet added 0.83% to $4.6382, having traded an intra-week high of $5.0000. General Beltings rose 0.33% to $0.1000 while, sole miner RioZim registered a trade at $0.8025 on a 0.31% uplift. Delta Corporation added 0.13% and settled at $13.8522 on firming demand. Hippo advanced by a negligible 0.01% to $6.5005, where supply could be found.