ZSE markets closed in the red as heavyweights falter
The Zimbabwean stock markets showed mixed performances on Tuesday, with the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX) reflecting divergent trends.
The ZSE All Share Index closed slightly lower, easing 0,15 percent to 209.42 points. Market capitalisation decreased marginally to US$2,45 billion. The Top 10 Index, however, posted a modest gain of 0,22 percent, supported by Delta Corporation (+0,29 percent) and Econet Wireless (+2,35 percent).
Delta emerged as the day’s value leader, with trades worth $7.61 million.
On the downside, significant losses were observed in Hippo Valley Estates (-14,99 percent), Proplastics (-14,35 percent), and OK Zimbabwe (-14,91 percent). Fidelity Life Assurance also shed 14,02 percent to close at ZiG 39.55.
Zimpapers led the gainers with a remarkable 50 percent surge, closing at ZiG 15.00. Ecocash followed with a 5,45 percent rise to ZiG 29.71. Despite these gains, overall trading volumes were subdued, with the daily turnover standing at ZiG 14.43 million, a 27,65 percent decline from the previous session.
The VFEX All Share Index dipped 1,01 percent to close at 100.21 points, with market capitalisation slipping to US$1,23 billion. Zimplow Holdings was the standout performer, gaining 20 percent to close at US$0.012. Innscor Africa saw modest gains of 1,13 percent to end at US$0.46.
However, the index was weighed down by losses in Axia Corporation (-11,01 percent), Seed Co International (-3,76 percent), and Simbisa Brands (-5,81 percent).
The day’s total turnover was US$60 406, reflecting limited investor activity.
The ZSE and VFEX are expected to experience cautious trading as investors weigh macroeconomic developments and corporate earnings reports.
Key performers such as Delta and Econet continue to attract investor interest, while the broader market remains under pressure from profit-taking and liquidity concerns.
Export-driven companies like Tanganda Tea Company remain resilient, with export sales contributing 59 percent of Tanganda’s full year 2025 revenue, which rose 9 percent to US$25,7 million. This underscores the importance of export-oriented strategies in navigating the challenging domestic economic landscape.
Investors are advised to adopt a selective approach, focusing on resilient sectors and blue-chip stocks with robust fundamentals.
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