Daily Market Report

Market Turnover:

The total market turnover increased by 177.7%, reached at TZS 870.30 million compared to the previous session’s figure of TZS 313.39 million.

Top Movers:

CRDB was the top mover of the market on the day under review, contributing about 56.00% of the total market turnover. Other top movers were NMB, TOL, TCCL and NICO.

Market Participation:

Local Investors dominated both the purchase and sales side by 99.35% and 68.30% respectively. Foreign Investors sales side was 31.70% and the purchase side by 0.65%, leading to 270.23 million net foreign cash outflow.

Market Capitalization:

Total market capitalization exhibits a slight decrease of 0.440% equivalent to TZS 19,142.35 billion. On the other side, Domestic market capitalization experienced a slight decrease of 0.021% equivalent to TZS 12,805.87 billion. This is driven by NICO and Tanga Cement Plc.

Gainer & Losers:

NICO was the only stock gainer in the market, its price increased by 9.52% to TZS 690. On the other hand, Tanga Cement Plc was the stock loser in the market, its price decreased by 5.26% to TZS 1800.

Fixed Income Market:

The fixed-income market observed bond trading with a face value totaling TZS 16.8155 billion. The total transactional value for these bonds amounted to TZS 17.4691 billion, encompassing 15 deals. The traded bonds included were 7-, 10-, 15-, 20- and 25-year government bonds and CRDB Corporate bond.

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