Weekly Market Report

Weekly Market Turnover:

The total market turnover increased by 221%, reaching to TZS 12.44 billion compared to the previous session’s figure of TZS 3.87 billion driven by increase in the market activities specifically on TTC counter.

Weekly Top Movers:

TCC is the weekly top mover of the market, contributing about 85.85% of the total market turnover. Other top movers are CRDB, NMB, TPCC, NICO and DSE.

Weekly Market Participation:

Local investors dominated the purchase sides by 82.87% and account about 11.60% on the sales sides. Foreign investor dominated the sales side by 88.40% and accounting 17.13% on the purchase side this trends leading to net foreign outflow of TZS 8.86 billion equivalent to USD 3.6 million.

Market Capitalization:

The total market capitalization experienced a modest increase of 0.91%, 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 0.8%, settling at TZS 12,121.70 billion, this decrease was attributed to price drops in NMB, NICO, DSE, MKCB, TCCL, SWIS and TPCC stocks.

Weekyl Gainer & Losers:

TTP and DCB are the weekly gainers, their price rise 9.09% and 3.7% reaching TZS 120 and TZS 140 respectively. Weekly losers are NMB, NICO, DSE, MKCB, TCCL, SWIS and TPCC which faced a capital loss of 0.93%, 1.52%, 2.48%, 3.57%, 5.32%, 8.33% and 9.44%, their price settled at TZS 5,350, TZS 650, TZS 2,360, TZS 540, TZS 1,780, TZS 1,100 and TZS 3,260 respectively.

Fixed Income Market:

The fixed-income market observed bond trading with a face value totaling TZS 100.3707 billion. The total transactional value for these bonds amounted to TZS 104.3747 billion, encompassing 80 deals. The traded bonds include 15-, 20- and 25- year government bonds and NMB corporate bond traded in the week.
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