Daily Market Report

Market Turnover:

The total market turnover increased by 301.4%, reached at TZS 1.28 billion compared to the previous session’s figure of TZS 319.47 million.

Top Movers:

NMB was the top mover of the market on the day under review, contributing about 37.46% of the total market turnover. Other top movers were TPCC, CRDB, AFRIPRISE and NICO.

Market Participation:

Local Investors dominated both the purchase and sales side by 100.00% and 88.15% respectively, the foreign Investors sales side is 11.85%, leading to 151.96 million net foreign cash outflow.

Market Capitalization:

Total market capitalization exhibits a slight decrease of 0.382% equivalent to TZS 19,293.04 billion. On the other side, Domestic market capitalization experienced a slight decrease of 0.030% equivalent to TZS 12,813.61 billion. This is driven by Tanga Cement Plc and NICO.

Gainer & Losers:

Tanga Cement Plc and NICO were the stock losers in the market, their prices decreased by 2.06% and 2.70% to TZS 1900 and TZS 720 respectively.

Fixed Income Market:

The fixed-income market observed bond trading with a face value totaling TZS 0.7050 billion. The total transactional value for these bonds amounted to TZS 0.7504 billion, encompassing 4 deals. The traded bonds included were 20- and 25-year government bonds and CRDB Corporate bond.

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