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MARKET COMMENT 12.08.2026

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ZSE commences new week in losses… The ZSE market commenced the new week in losses as the primary All Share Index lost 0.65% to 476.31pts while, the Blue-Chip Index fell 0.75% to 482.51pts. The Agriculture Index dropped 0.86% to 343.54pts while, the Mid Cap Index eased 0.15% to 479.59pts. Milk processor Dairibord led the laggards of the day on a 7.49% retreat to $4.2923, followed by Star Africa that came off 3.98% to $0.0325. Delta trimmed 1.67% to close at $31.8256 while, Ariston declined 1.32% to $0.0750. Seed producer SeedCo capped the worst performers of the day on a 0.87% slid to end the day pegged at $4.9107. Partially mitigating today’s losses was CAFCA that shot up 7.61% to $23.5138 while, Zimre Holdings charged 5.32% to $0.9373. RTG ticked up 0.65% to closed at $1.5500 while, tea producer Tanganda went up 0.45% to $4.6400. AFDIS capped the top five best performers of the day on a 0.16% uplift to end the day pegged at $15.0247.

Written by EFE Research

MARKET COMMENT 10.06. 2026

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ZSE commences new week in losses… The ZSE market commenced the new week in losses as the primary All Share Index lost 0.65% to 476.31pts while, the Blue-Chip Index fell 0.75% to 482.51pts. The Agriculture Index dropped 0.86% to 343.54pts while, the Mid Cap Index eased 0.15% to 479.59pts. Milk processor Dairibord led the laggards of the day on a 7.49% retreat to $4.2923, followed by Star Africa that came off 3.98% to $0.0325. Delta trimmed 1.67% to close at $31.8256 while, Ariston declined 1.32% to $0.0750. Seed producer SeedCo capped the worst performers of the day on a 0.87% slid to end the day pegged at $4.9107. Partially mitigating today’s losses was CAFCA that shot up 7.61% to $23.5138 while, Zimre Holdings charged 5.32% to $0.9373. RTG ticked up 0.65% to closed at $1.5500 while, tea producer Tanganda went up 0.45% to $4.6400. AFDIS capped the top five best performers of the day on a 0.16% uplift to end the day pegged at $15.0247.

Written by EFE Research

MARKET COMMENT 09.08. 2026

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ZSE closes the week in marginal gains… The ZSE market ended the week in marginal gains as the primary All Share Index rose 0.02% to 479.41pts while, the Agriculture Index firmed up 0.32% to 346.53pts. The Mid Cap Index added 0.82% to 480.30pts while, the Blue-Chip Index fell 0.16% to 486.18pts. ZSE headlined the top performers of the day on a 10.00% jump to $1.6500, followed by ZHL that shot up 8.60% to $0.8900. Seed producer SeedCo charged 3.85% to close at $4.9538 while, Star Africa inched up 2.47% to $0.0338. Riozim capped the best performers of the day on a 0.29% uplift to end the day pegged at $0.8525. Trading in the negative territory was GBH that dropped 14.98% to $0.1050 while, Mash Holdings eased 5.03% to $1.7000. Construction group Masimba came off 2.52% to close at $2.5051 while, Meikles declined 0.08% to $2.4098.

Written by EFE Research

MARKET COMMENT 06.08. 2026

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Losses persist on the ZSE… Losses persisted on the ZSE market as the All Share Index fell 0.21% to 479.31pts while, the Blue-Chip Index lost 0.38% to 486.95pts. On the contrary, Agriculture Index rose 1.96% to 345.41pts as the Mid Cap Index put on 0.58% to 476.39pts. Star Africa led the laggards of the day on a 13.60% retreat to $0.0330, followed by Meikles that dropped 11.78% to $2.4118. ZB eased 6.79% to close at $7.0000 while, CBZ Holdings tumbled 1.16% to $40.0000. Beverages giant Delta capped the top five worst performers of the day on a 0.11% slide to $32.3321. Partially mitigating today’s losses was milk processor Dairibord that charged 14.96% to $4.6400 while, Tanganda firmed up 2.61% to $4.6176. ZHL put on 2.44% to $0.8195 while, SeedCo Limited ticked up 0.22% to $4.7703. AFDIS completed the top five gainers of the day on a 0.01% uplift to end the day pegged at $15.0010. Activity aggregates were mixed in the session as volumes shed 54.02% to 2.26m shares while, value outturn ballooned 688.69% to $21.98m. Volume drivers of the day were AFDIS (42.75%), Dairibord (28.55%) and TN Cybertech (18.90%). AFDIS was the most traded counter in terms of value and volumes after contributing 65.82% and 42.75% apiece. The Morgan & Co Multi Sector ETF was stable at $1.5900 as 49,996 units exchanged hands in the session. The Tigere REIT declined 3.04% to settle at $1.1023.

Written by EFE Research

MARKET COMMENT 05.08. 2026

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Market slips into the red… The ZSE market slipped into the red in midweek session as the All-Share Index declined 0.13% to end at 480.31pts while, the Blue Chip Index rose a marginal 0.16% to 488.81pts. The ZSE Agriculture Index and the Mid Cap Index retreated a similar 1.44% to end at 338.76pts and 473.62pts apiece. Milk processor Dairibord plunged a further 13.09% to close the day at $4.0363, trailed by SeedCo International that succumbed 10.86% to $4.7600. Zimre Holdings plummeted 10.11% to end the day at $0.8000 while, Hippo Valley trimmed 2.27% to $10.7500. Meikles capped the top five fallers of the day on a 0.59% loss to $2.7338. Partially mitigating today’s losses was cable manufacturer CAFCA that edged up 15.00% to $21.8500. Trailing was tea company Tanganda that jumped 9.43% to $4.5000 as Willdale put on 4.04% to $0.0510. Star Africa grew 0.57% to $0.0382 while, beverages concern Delta added 0.15% to settle at $32.3669.

Written by EFE Research

MARKET COMMENT 31.07.2026

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ZSE extends gains in the last session of the month… The market extended gains in the last session of the week as the primary All Share Index rose 0.44% to 480.81pts while, the Blue-Chip Index added 0.34% to 486.86pts. The Mid Cap Index put on 0.89% to 484.94pts while, the Agriculture Index lost 0.54% to 342.93pts. SeedCo topped the best performers of the day on a 14.39% jump to $5.3233, followed by Nampak that charged 11.58% to $0.9373. AFDIS surged 9.27% to close at $15.0000 as TN Cybertech ticked up 9.11% to $0.3279. Hotelier RTG capped the risers of the day on a 6.40% uplift to $1.5414. Trading in the negative territory was milk processor Dairibord that dropped 10.85% to $5.7023 while, ZSE Holdings tumbled 10.00% to $1.3500. Brick maker Willdale eased 4.52% to $0.0500 while, Zimre Holdings came off 4.48% to $0.8900. Star Africa completed the worst performers of the day on a 2.30% retreat to $0.0390.

Written by EFE Research

MARKET COMMENT 30.07.2026

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Marginal gains in the penultimate session… The market gained marginally in the penultimate session reversing losses from mid-week trades. The mainstream All Share Index was 0.71% up at 478.71pts while, the ZSE Top Ten Index rose 1.14% to 485.23pts. The ZSE Agriculture Index dropped 2.25% to close at 344.79pts while, the Mid Cap Index declined 1.18% to 480.68pts. Leading the winners of the day was General Beltings that charged 14.55% to $0.1260, trailed by AFDIS which surged 5.60% to $13.7279. Banking group CBZ edged up 4.62% to $40.4400 while, hotelier RTG grew 3.47% to $1.4486. SeedCo capped the top five gainers of the day on a 3.42% lift to $4.6538. Tea company Tanganda dropped 13.55% to $3.2849 while, brick makers Willdale dipped 9.24% to $0.0524. Milk processor Dairibord eased 4.40% to $6.3960 while, construction group Masimba shed 0.63% to $2.5700. Star Africa lost 0.20% to close the day at $0.0399.

Written by EFE Research

MARKET COMMENT 28.06.2026

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ZSE records marginal gains in week opener… The ZSE market recorded marginal gains in the week opening session as the primary All Share Index rose 0.94% to 472.07pts while, the Blue Chip Index added 1.25% to 479.13pts. The Agriculture Index fell 0.24% to 341.48pts while, the Mid Cap Index lost 0.53% to 471.30pts. Life assurer Fidelity headlined the best performers of the day on a 15.00% jump to $0.8050, followed by FBC Holdings that shot up 12.50% to $12.2625. Meikles surged 5.38% to close at $2.7400 while, CBZ ticked up 1.58% to $40.0354. Brick maker Willdale capped the top five risers of the day on a 0.66% uplift to end pegged at $0.0614. Trading in the negative territory was Star Africa that dipped 7.47% to $0.0421 while, Mashonaland Holdings came off 5.26% to $1.8000. Zimre Holdings slipped 4.76% to close at $1.0000 as SeedCo Limited dropped 3.29% to $4.2000. ZSE Holdings completed the worst performers of the day on a 0.66% retreat to $1.5000.

Written by EFE Research

MARKET COMMENT 29.07.2026

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ZSE records marginal gains in week opener… The ZSE market recorded marginal gains in the week opening session as the primary All Share Index rose 0.94% to 472.07pts while, the Blue Chip Index added 1.25% to 479.13pts. The Agriculture Index fell 0.24% to 341.48pts while, the Mid Cap Index lost 0.53% to 471.30pts. Life assurer Fidelity headlined the best performers of the day on a 15.00% jump to $0.8050, followed by FBC Holdings that shot up 12.50% to $12.2625. Meikles surged 5.38% to close at $2.7400 while, CBZ ticked up 1.58% to $40.0354. Brick maker Willdale capped the top five risers of the day on a 0.66% uplift to end pegged at $0.0614. Trading in the negative territory was Star Africa that dipped 7.47% to $0.0421 while, Mashonaland Holdings came off 5.26% to $1.8000. Zimre Holdings slipped 4.76% to close at $1.0000 as SeedCo Limited dropped 3.29% to $4.2000. ZSE Holdings completed the worst performers of the day on a 0.66% retreat to $1.5000.

Written by EFE Research

MARKET COMMENT 24.07.2026

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ZSE ends the week pointing northwards… The ZSE market ended the week pointing northwards as the primary All Share Index added 1.00% to 467.67pts while, the Blue-Chip Index rose 1.63% to end at 473.20pts. The ZSE Agriculture Index declined 0.72% to 342.30pts while, the Mid Cap Index dropped 1.69% to 473.80pts. Risers of the day were led by RTG that surged 12.00% to $1.4000 while, Hippo trailed on a 8.91% uplift to $11.9799. Agriculture concern Ariston charged 6.70% to $0.0749 while, banking group CBZ advanced 5.57% to $39.4135. Construction group Masimba capped the top five winners of the day on a 1.82% gain to $2.8000. Tea Company Tanganda led the laggards of the day on a 13.57% retreat to $3.1975 as General Beltings shed 10.93% to $0.1100. Logistics concern Unifreight went down 10.00% to $1.8000 as packaging group Nampak let go 7.04% to $0.8367. SeedCo Limited completed the top five fallers of the day on a 3.35% fall to $4.3429.

Written by EFE Research

MARKET COMMENT 23.06.2026

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Marginal gains on the ZSE… The market registered marginal gains in the session under review with the mainstream All Share Index adding 0.03% to close at 463.06pts while, the ZSE Top Ten Index rose 0.11% to end at 465.59pts. The Mid Cap Index grew 3.62% to 481.93pts while, contrastingly the Agriculture Index declined 1.81% to close at 344.79pts. Turnall led the positive movers of the day on a 4.17% charge to $0.1250 as Delta edged up 0.73% to $31.9564. Meikles capped the risers of the day on a 0.01% lift to end pegged at $2.6000. Agriculture concern Ariston receded 9.44% to $0.0702 while, Hippo Valley Estates dropped 8.33% to $11.0000. SeedCo Limited plummeted 5.26% to settle at $4.4933 while, Star Africa shed 1.47% to end at $0.0453. First Mutual Holdings slid 0.05% to $3.2485 as it capped the top five fallers of the day.

Written by EFE Research

MARKET COMMENT 22.07.2026

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ZSE rises further in midweek… The ZSE market recorded further gains in the midweek session as the primary All Share Index improved 1.18% to 462.90pts while, the ZSE Top Ten Index put on 1.02% to 465.09pts. The ZSE Agriculture Index added 0.58% to end at 351.16pts while, on the contrary the Mid Cap Index slid 1.95% to 465.09pts. Proplastics headlined the winners of the day having surged 14.38% to end pegged at $1.4298. Trailing was Zimre Holdings that edged up 14.13% to close at $1.0500 as packaging group Nampak charged 7.10% to $0.9000. SeedCo International jumped 4.70% to $4.7428 with banking group CBZ putting on 2.94% to $37.3333. Trading in the negative territory was Mashonaland Holdings that dropped 4.16% to settle at $1.9000. Following was the duo of TN Cybertech and FBC that trimmed 2.26% and 1.06% to close at $0.3000 and $10.8816 respectively. Meikles was 0.01% lower at $2.5998.

Written by EFE Research

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