Daily Market Report

Market Turnover:

The total market turnover increased by 846.4%, reaching to TZS 4.08 Billion compared to the previous session’s figure of TZS 431.34 million. Driven by significantly increase of the market specifically on the TCC counter due to pre-arranged block trade transactions involving 600,000 shares traded at TZS 6,000.

Top Movers:

TCC was the top mover of the market on the day under review, contributing about 88.2% of the total market turnover. Other top movers were CRDB, AFRIPRISE, NMB and MKCB.

Market Participation:

Local investors dominated the purchase by 55.34% and they account 6.24% of the sales. While Foreign investor dominated the sale side by 93.76% and participated by 44.66% on the purchase side. Hence, leading to the net foreign outflow of TZS 2 billion.

Market Capitalization:

Total market capitalization experienced a slightly increase of 0.6% reaching TZS 18,264.78 influenced by the price appreciation of EABL, JHL and KCB while the domestic market capitalization dropped by 0.007% settled at TZS 12,247.87 billion attributed by price fall of NICO and MKCB.

Gainer & Losers:

NICO and MKCB are the stock losers, their price decreased by 1.52% and 1.82% reaching TZS 650 and TZS 540 respectively. There was no stock gainer in the market.

Fixed Income Market:

The fixed-income market observed bond trading with a face value totaling TZS 1.4710 billion. The total transactional value for these bonds amounted to TZS 1.5654 billion, encompassing 16 deals. The traded bonds included are 20- and 25-year government bonds and NMB corporate bonds.

Please do not hesitate to contact us, if you have any further inquiries or require additional details.
Stay connected with Global Alpha Capital.

Best Regards,
Research & Financial Analytics,
Tel: +255 762 367 347
Email: info@alphacapital.co.tz
Twitter:https://x.com/AlphacapitalTz?t=syMgdAEZeWzsqqPcanh5gQ&s=08
LinkedIn:https://www.linkedin.com/company/alpha-capitaltz/
WhatsApp Group:https://chat.whatsapp.com/E7W8BuWZj7eGqXghy

DOWNLOAD THIS REPORT