More

    Banks drive ZSE to marginal gains at close on Tuesday

    By ETimes

    Banking stocks drove home the biggest gains in the session with the financials index closing in at 16,039.44 after gaining 4.62%. The gains left the medium cap index with a positive close of 1.86% leaving the All Share Index up 0.73%.
     
    The gains were propelled by NMB which saw its stock price rise by 15.80% to close the session at $13.8889, as FBC Bank also recorded significant gains with a daily gain of 14.58% to close the day at $41.00.
     
    First Capital Bank which posted fairly good financial results closed with a stock price of $5.8058, after gaining a massive 14.10%.
     
    Other gains were in Tanganda which rose by $10.6853 to close at $106.7000, as Simbisa added $8.9194 to close at $264.7164. Significant gains were also reported in Innscor which was $3.6385 higher at $310.2000 and AXIA which traded $1.9688 firmer at $80.0938.
     
    Old Mutual Top Ten ETF recovered by 1.05% to close at $8.4600 as other derivatives closed the day in the negative. MORGAN & CO MULTI-SECTOR ETF lost $0.0418 to $14.7921 and the DATVEST MODIFIED CONSUMER STAPLES ETF decreased by $0.0139 to close the session at $1.8842.
     
    As for commodities, Gold was up 0.42% in the session to close the day at US$1,932.70 per ounce representing a 5.75% year to date gain. Crude Oil was back above the U$100.00 per barrel psychological mark as it gained 3.01% to close at US$107.53 and a year to date gain of 37.89% – Harare

    Advertisement

    Latest articles

    Smart CCTV networks are driving an AI-powered apartheid in South Africa

    Last week, news broke that James Dean will star in a new movie-64 years after his death. A production company called Magic...

    Apple may be making major changes to some of its iPhone sizes next year

    Last week, news broke that James Dean will star in a new movie-64 years after his death. A production company called Magic...

    Elon says 250,000 people have already preordered Tesla’s new Cybertruck

    Last week, news broke that James Dean will star in a new movie-64 years after his death. A production company called Magic...

    Artists used deepfake tech to tell alternate moon landing history

    Last week, news broke that James Dean will star in a new movie-64 years after his death. A production company called Magic...

    Related articles

    Leave a reply

    Please enter your comment!
    Please enter your name here