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