FOLLOWING the recent passing of the former President of
As a result of fewer trading days the total equity turnover dropped by 96.8 per cent on a weekly basis. The total turnover during the week amounted to
The volume of shares traded went down by 97.1 per cent on a weekly basis, from 7,292,219 shares traded in 206 deals during the previous week. Activities were highly dispersed among counters during the week under review.
The top mover spot was maintained by CRDB, accounting for 28.9 per cent, followed closely by DSE which accounted for 23.37 per cent of the total equity turnover.
Six counters, namely CRDB, DSE, TPCC,
Local investors were highly dominant of market activities as foreign investors took a back seat during the week, correspondingly with minimal activities on the TBL counter.
Local investors accounted for 91.11 per cent of the total investments and 100 per cent of the divestments. Foreign investors were net buyers, with a net inflow of
The Tanzania Share Index (TSI) slightly fell by a 0.28 point following a 0.008 per cent decline of the domestic market capitalisation.
The domestic market cap at the end of the week was
NICOL saw a depreciation of 2.56 per cent while
A 2.92 per cent gain on the price of
Other cross listed counters that registered price movements were
The DSEI and total market cap at the end of the week was 1,875.85 points and
Market, Bills and Bond
The week saw only one trading session, which was a reason for a significant decline in the value of transactions.
The total value of transactions during the session was
This follows a decline of 150bps during the previous week. The rate of undersubscription for the 10 years
During the auction under review, the
The highest bid price and lowest bid price were 101.00/- and 88.9226/-, compared to the previous auction which saw highest and lowest bid prices stand at 100.00/- and 96.60/- respectively.
The
The weighted average coupon yield went up by 4.68bps to 11.5492 per cent.
Currency Market
Due to fewer trading sessions, the value of transactions on the
The total value of transactions during the week amounted to
The shilling remained resilient with a slight appreciation of 4 pips to close the week a weighted average exchange rate of
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