The total market turnover increased by 268%, reaching TZS 46.14 billion compared to the previous session's figure of TZS 12.53 billion, primarily due to a significant increase in market activity specifically on TCC counter.
TCC is the top mover of the month market, contributing about 39% of the total market turnover. Other top movers are CRDB, NMB, TBL, DSE, and TPCC.
Local investor participation dominated in the month on the both side 95.18% and 64.18% on both sales and buy side respectively while foreign investors participated by 35.82% and 4.82% on sale and purchased side resulting to net foreign inflow of TZS 14.303 billion equivalents to USD 5.97 million.
Total market capitalization has declined slightly by 1.2% to TZS 17,868.17 billion driven by the price fall of EABL and JHL which are cross-listed. on the other hand Domestic market capitalization has been increased by 0.3% to TZS 12,243.37 billion driven by price appreciation of CRDB and TTP.
TTP and CRDB are monthly stock gainers after price hike by 9.09% and 4.69% reaching to TZS 120 and TZS 670 respectively. On the other hand, Monthly Stock losers are TPCC, DSE, MKCB, TCCL, NICO, SWIS, AFRIPRISE, MBP and DCB their price dropped by 0.55%, 1.67%, 3.57%, 6.25%, 7.25%, 8.33%, 8.51%, 8.82%, and 12.9% respectively.
The fixed-income market observed bond trading with a face value totaling TZS 402.7715 billion. The total transactional value for these bonds amounted to TZS 419.3458 billion, encompassing 466 deals. The traded bonds include 5-, 10-, 15-, 20- and 25- year government bonds and NBC, NMB and CRDB are only corporate bonds traded.
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