EFE Securities •

2 weeks ago •

Weekly Reports

WEEKLY REPORT-20.02.2026

ZSE falters as demand in selected counters wane…                                                                                                                                                                                                    The ZSE market reversed prior week’s gains as the All-Share Index retreated 1.14% to 360.19pts while, the Industrial Index was 1.44% down at 349.05pts. The Blue-Chip Index was 0.80% weaker at 372.12pts mainly weighed down by CBZ, Tigere, Econet and Delta.  The Mid Cap Index was 0.16% down at 333.47pts. Elsewhere, sugarcane miller Hippo Valley Estates Limited reported a 10% rise in revenue to US$174 mln for the nine months ended December 31, 2025, driven by increased export volumes. 

Headlining the winners of the week was ZSE Holdings which ticked up 29.30% to end at $0.9704, where supply could be found. Brick manufacturer Willdale was 18.37% firmer at $0.0357 with ART Corporation following on a 14.29% surge that took the conglomerate to $0.2200. Agricultural concern Ariston added 6.67% to settle at $0.0320 while, TSL rose 6.38% week on week and closed at $3.2025 as demand continued to firm in the name. SeedCo was 2.08% higher at $4.7147 while, African Distillers advanced 0.59% to $11.7000, having reached a high of $13.3760 during the week. Banking group NMB added 0.22% to end pegged at $5.0113 while, Meikles eked out 0.07% gains to end at $2.9025. Overall, ten counters traded in the positive during the week against fourteen fallers, while fourteen remained unchanged, to leave the market with a negative breadth of four. Leading the losers of the week was Zimre Holdings limited which succumbed 22.16% to $0.7005 as demand continued to wane in the name. Following was Proplastics which went down14.81% to end at $1.1500 while, Masimba Holdings trimmed 14.47% to $2.1426, where demand could be established. TNCI and Hippo Valley Estates were 9.35% down and 7.08% as the duo settled at $0.1050 and $7.4332 respectively. Retailer Ok Zimbabwe continued to lose glitter as it retreated 6.89% to $0.1042 while, banking group CBZ declined 3.66% to $14.2950. Tanganda was 2.63% lower at $0.6510 with Mash Holdings easing 2.34% to settle at $1.2500. Delta Corporation found its way in the laggards zone after succumbing 1.45% to end at $29.5659.