Local listed banks post 4.4bn/-equity turnover Q1

during the Q1,2022 data from DSE shows.

The amount is equivalent to a quarter of the DSE total turnover recorded during the quarter.

DSE bourse closed the first quarter of 2022 (Q122) on a positive note after recording a total turnover of 35.1bn/- representing a 50.6 per cent increase from 23.3bn/- that was generated during the same period last year.

According to DSE data, the volume of socks traded by the eight banks during Q1, 2022 was 31.1 million shares with CRDB bank enjoying the lion’s share after trading 29.5 million shares generation an equity turnover of 10.1bn/- followed by NMB that generated 2.4bn/- after trading 1.01 million shares

MuCoBa was however the worst performer in the banking and finance sector generating an equity turnover of 4,000/- after trading only 10 shares.

Available data further revealed that CRDB emerged winner in the banking and finance sector IN q1,2022 after its share prices increased by 37 per cent and closed the quarter at 385/- per share while the NMB share price went up 35 per cent and closed at 2,700/- per share.

The DCB share price also recorded a 2 per cent increase during the quarter with its share price closing at 195/- per share.

The cross-listed KCB Bank share however slumped by four per cent during Q1,2022 from 920/- 880/-.

Meanwhile, total market capitalization at the DSE ended the quarter at 16.1trn/- representing a five percent increase from 15.3trn/- reported during the same period last year.

Domestic market capitalization also toppled 10.2trn- being a 10 per cent increase from 9.2trn/- recorded during the same period last year.

The All Share Index (DSEI) however gained 87 points and closed the quarter with 1,936.45points while the Tanzania Share Index (TSI) added some 350 points and closed the quarter with3, 868.19 pointsAccording to the Orbit Securities Quarterly Market Report, for the quarter ending March 31, 2022, the overall activities on the bourse were led by foreign investors on both, buy and sale sides while local investors lagged behind closely.“Foreign investors bought a total of 24.1bn/ worth of shares and sold 19.6bn/- worth of shares while Local investors bought shares worth 10.7bn/-) and sold shares worth 15.2bn/-,” the Orbit Securities report said.This means that foreigners contributed 69.1 per cent on the buy side and 56.2 per cent on the sell side, while locals accounted for 30.8 per cent on the buy side and 43.7 on the sell side.Meanwhile, the secondary bond market recorded […]

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