EFE Securities •
1 month ago •
Weekly Reports
WEEKLY REPORT-16.01.2026
Gains persist on the ZSE…
Gains continued to persist on the ZSE, driven by improved demand witnessed across the board. The All-Share Index was 3.57% firmer to close at 360.41pts while, the segregated Industrials gained 3.82% to settle at 347.54pts. The Blue-Chip Index was 3.91% firmer at 373.20% as heavies Econet, SeedCO, FML and Afdis continued to edge up in the week under review. The Mid Cap Index rose by 1.59% to 319.47pts. Elsewhere, Econet that is trading under a cautionary released its Q3 trading update in which Data usage surged by over 50% and voice usage increased by 35%. In FinTech, EcoCash transaction volumes rose by 36% with a 28% increase in customer.
Headlining the risers of the week was Econet which accumulated 27.63% during the week to close at $9.8022, where supply could be found. Star Africa followed on a 16.84% rise that took the sugar refiner to $0.0360. SeedCo Limited added 10.96% week on week to settle at $4.5618 while, Tanganda followed on 9.33% increase that took it to $0.6565. Meikles also featured in the risers’ zone after ticking 8.61% to end at $2.9000, having traded an intra-week high of $3.0000. FML was 6.25% firmer at $3.4000 with Masimba Holdings adding 5.58% during the week and closed at $1.9000. Packaging group Nampak was 4.57% firmer to settle at $0.7320 while, Unifreight was 2.94% higher at $1.7500.
Leading the laggards of the week was ZSE Holdings which plunged 34.91% week on week as it settled at $0.8100, while Dairibord trimmed 10.54% to close at $1.655, where demand could be established. OkZim lost 7.05% to end the week at $0.1210 on weakening demand. Heavy cap Delta reversed prior week’s gains on a 5.50% loss that took the beverages group to $29.1200. Proplastics was 5.26% down at $1.3264. Banking group CBZ declined 3.44% to close at $14.4838, while agricultural concern Ariston eased 2.91% to end at $0.0300. Hippo Valley Estates lost 1.91% to $10.2995 as TN Cybertech dropped 0.81% to end at $0.1401. Completing the top ten losers of the week was Zimre Holdings which went down 0.73% to settle at $1.1392.