Daily Market Report

Market Turnover:

The total market turnover increased by 5.6%, reaching to TZS 224.47 million compared to the previous session’s figure of TZS 212.63 million. Driven by increase in market activities specifically on CRDB.

Top Movers:

CRDB was the top mover of the market on the day under review, contributing about 91% of the total market turnover. Other top movers were TPCC, TCCL, NICO and DSE.

Market Participation:

Local investors dominated the purchase entirely and they account about 28.63% of the sales. The foreign investor dominated the sales side by 71.37% of the total sales, this leads to the net foreign outflow TZS 160.2 million.

Market Capitalization:

The total market capitalization experienced a modest increase of 0.665%, reaching TZS 17,700.86 billion. This growth was primarily driven by price gains in cross-listed stocks, including EABL, KCB, JHL, and NMG. Conversely, the domestic market capitalization saw a slight decline of 0.112%, settling at TZS 12,121.70 billion, this decrease was attributed to price drops in AFRIPRISE, DSE, and TCCL stocks.

Gainer & Losers:

AFRIPRISE, DSE and TCCL are the stock losers after price fall by 2.22%, 2.48% and 9.18% settled at TZS 220, TZS 2,360 and TZS 1,780 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 33.9592 billion. The total transactional value for these bonds amounted to TZS 34.4076 billion, encompassing 9 deals. The traded bonds include 15-, 20- and 25- year government bonds and NMB Corporate bonds.

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