EFE Securities •

1 week ago •

Weekly Reports

WEEKLY REPORT 29.05.2026

 Market falters as curtains come down on the month of May… 
The market faltered in the final week of the month of May as the mainstream All-Share Index declined 0.73% to 
close at 389.26pts. The Industrial Index retreated 0.70% to end the week at 383.10pts while, the ZSE Top Ten 
Index shed 0.23% to 384.31pts. The Mid Cap Index was the major decliner amongst the Indices that we review, 
as it dropped 2.59% week on week to 437.76pts. Elsewhere, TSL Limited is seeking shareholder approval to 
voluntarily terminate its listing on the Zimbabwe Stock Exchange and relist the business on the Victoria Falls Stock 
Exchange to unlock long-term shareholder value, improve access to foreign currency capital and accelerate 
regional expansion.
The market capped the week with a negative breadth of 
six as ten counters recorded gains against sixteen which 
faltered. Milk processor Dairibord was the major casualty 
of the week, having succumbed 20.03% to close at 
$2.3630. Following was Proplastics that plummeted 
15.00% week on week to $1.2325 as property concern 
FMP eased 13.34% to end at $1.0508. Construction group 
Masimba plunged 12.78% as it settled at $3.0000 while, 
Star Africa trimmed 12.25% to $0.0351. Packaging group 
Nampak lost 11.57% to end the week at $0.8600 with 
First Mutual Holdings trailing on a 11.04% decline that 
took the insurer to $1.6557. Brick makers Willdale was 
down 8.09% to $0.0368 as General Beltings shed 7.95% 
to land at $0.1100. VFEX bound TSL fell 7.55% to $6.0000, 
where demand could be found.  
Partially offsetting the weekly losses were gains in 
Mashonaland Holdings that surged 18.29% to $1.3130. 
ART charged 15.79% week on week to trade at $0.2200 as 
tea company Tanganda edged up 13.99% to close higher 
at $5.9763. Cigarette manufacturer BAT rallied 13.50% to 
$184.9995 as banking group CBZ grew 9.38% to $17.5000. 
ZSE Holdings went up 8.41% to end the week at $1.1925 
while, sugar processor Hippo gained 4.17% to close at 
$10.0005. Life assurer Fidelity added 2.07% to settle at 
$0.5905 while, SeedCo Limited ticked up 0.25% to 
$4.0200. Turnall completed the top ten risers of the week 
on a 0.03% uplift to $0.0902.