Weekly Market Report
24th January 2025
Weekly Market Turnover:
The total market turnover increased significantly by 263.16%, reaching to TZS 7.95 billion compared to the previous session’s figure of TZS 2.19 billion driven by surge in the market activities on CRDB and TCC counter.
Weekly Top Movers:
CRDB was the weekly top mover of the market, contributing about 46% of the total market turnover. Other top movers were TCC, TPCC, NMB, DCB, and MKCB.
Weekly Market Participation:
Local investors dominated the purchase side by 77.08% and the participated by 25.64% on the sale side, while foreign investors dominated the sales side by 74.36% of the total sales and account about 22.92% of the buy side. Hence, leading to net foreign outflow of TZS 4.09 billion equivalent to USD 1.6 millions.
Market Capitalization:
Both the total and domestic market capitalization experienced a slightly rise of 0.29% and 1.24% reaching at TZS 18,669.92 billion and TZS 12,396.55 billion respectively.
Weekyl Gainer & Losers:
MKCB, NMB, DCB, and CRDB were the weekly gainers, their price rose by 7.41%, 4.67%, 3.7% and 1.52% reaching TZS 580, TZS 5,600, TZS 140 and TZS 670 respectively. DSE and AFRIPRISE were the Weekly loser which faced a capital loss of 0.27%, 2.27%, settled at TZS 2,360 and TZS 215.
Fixed Income Market:
The fixed-income market observed bond trading with a face value totaling TZS 41.9923 billion. The total transactional value for these bonds amounted to TZS 43.1254 billion, encompassing 97 deals. The traded bonds included were 10-, 15-, 20- and 25- year government bonds and CRDB and NMB corporate bonds.
Stay connected with Global Alpha Capital.
Best Regards,
Research & Financial Analytics,
Tel: +255 762 367 347
Mob: +255 763 631 999
Email: research@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
