malvernmugadzikwa
Business Writer
The All Share Index after gaining 1,12 percent surged 241.46 points to close at 21 837.29 points.
Leading the movers was the medium cap index, which was up 2,28 percent to close at 40 973.95 points, driven by Hippo which added $30.00 to close the day with a share price of $250.05.
Heavyweight stock FBC Holdings, saw its share price increase by $7.65 in the session to close at $58.65. Logistics company Unifreight added $7.35 to end the day at $59.00.
Dairiboard, which is seeking to reintroduce its flagship Flavour Raver brand gained $5.67 to $44.00 and CBZ Holdings was up $5.64 to close at $138.96.
Leading the shakers was Innscor that declined by $6.42 to end the session with a share price of $700.65 as it continues to seek migration to VFEX.
Axia decreased by $3.63 to close at $99.93 and Ecocash Holdings was $1.07 down at $58.77.
African Sun which is about to close its flagship Kingdom Hotel in Victoria Falls, decreased by $0.50 to $25.25 and heavyweight Delta lost $0.25 to end the session at $419.93.
For a second day running, Old Mutual ZSE Top 10 was up $0.36 to $7.63, as the Cass Saddle Agriculture ETF joined the gainers as it added 0.05 to close at $1.85.
The Morgan & Co Multi Sector ETF recovered $0.98 after closing in the red yesterday to close at $22.86, and the Datvest Modified Consumer Staples ETF also saw gains as its unit price increased by $0.02 to $1.51.
There were no fallers in the ETFs market as the Morgan & Co Made in Zimbabwe ETF remained flat at $1.30.
Gold prices were steady on Tuesday with cautious traders largely focusing on Federal Reserve chair Jerome Powell’s speech for insights into the US central bank’s rate-hike trajectory.
Spot gold held its ground at US$1 872.79 an ounce as US gold futures were flat at US$1 877.70.
Spot silver lost 0,2 percent to US$23.59, while platinum rose 0,2 percent to US$1 080.91 and palladium gained 0,3 percent at US$1 781.14.
Oil prices were stable on Tuesday as the market awaited the Federal Reserve’s plans for rate hikes to gauge the effects on the economy and fuel demand.
Brent futures for March were up US15 cents, or 0,19 percent, to US$79.80 a barrel as US West Texas Intermediate crude rose US32c, or 0,43 percent, to US$74.95.
Bongani Ndlovu