Stock Market
After two weeks of non-existence, prearranged block transactions returned to the market to raise the total equity turnover by more than ten times. The total turnover for the week ending
The volume of shares traded also grew more than five times to a total of 4.03mln shares compared to 0.69mln shares traded in the last week. The shares were traded in 425 deals while 57% of the deals were executed on the
Five prearranged deals on the TBL and VODA counters accounted for 85.5% of the total turnover during the week, making the two counters the top movers for the week. Between the two, VODA accounted for 46.5% of the total weekly turnover while TBL accounted for 39%. Without the prearranged transactions,
Foreign participation was significant in the prearranged blocks, raising the foreign participation for the week relative to the previous week. Foreign investors were net sellers during the week as a result of the prearranged deals on the TBL counter. Foreign investment accounted for 81.4% of the total investments while foreign divestments accounted for 85.5% of the total divestments. The net foreign outflow for the week was
Apart from being the most active counters,
On the other hand, the price of CRDB is still under pressure from the half year results that showed flattening of quarterly profits since Q3-20. Investors are eager to see financial results for Q3-21 which are expected to be released in October. Profitability growth is crucial to the direction of the price of the bank.
The Tanzania Share Index (TSI) closed the week 6.59 points less compared to the previous week, closing at 3,615.98 points. The domestic market capitalization dropped by 0.182% equivalent to
On the other hand, the two cross listed giants appreciated, lifting the All Share Index (DSEI) by 14.99 points, neutralizing the bear on other cross listed counters along with
Market, Bills and Bond
The value of transactions on the Interbank Cash Market (IBCM) significantly dropped by 69% while the interbank rate went back to its mean reverting level. The total turnover on the IBCM during the week amounted to
The central bank rose the offer amount of the 5 years
The
Currency Market
The shilling held ground against the greenback on a weekly basis, despite a slight depreciation during the mid-week. The value of transactions dropped by 25%, one reason being fewer trading sessions during the week under review. The total value of transactions amounted to
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