FOLLOWING the recent passing of the former President of Tanzania, the late John Magufuli, 22nd March and 26th March 2021 were national funeral and burial days, in Dodoma and in Chato, Geita, respectively.
Orbit Securities Co. Limited joins the capital markets, the financial sector and the whole nation in mourning of our fallen hero. May his soul rest in eternal peace. Following the funeral, the market was closed during the two mentioned days, thus the week had only three trading days.
As a result of fewer trading days the total equity turnover dropped by 96.8 per cent on a weekly basis. The total turnover during the week amounted to TZS 111.35m ($0.048m). The total volume of shares traded during the week was 207,990 from 120 deals.
The volume of shares traded went down by 97.1 per cent on a weekly basis, from 7,292,219 shares traded in 206 deals during the previous week. Activities were highly dispersed among counters during the week under review.
The top mover spot was maintained by CRDB, accounting for 28.9 per cent, followed closely by DSE which accounted for 23.37 per cent of the total equity turnover.
Six counters, namely CRDB, DSE, TPCC, JATU, TBL and NICOL, collectively accounted for 98.1 per cent of the total equity turnover.
Local investors were highly dominant of market activities as foreign investors took a back seat during the week, correspondingly with minimal activities on the TBL counter.
Local investors accounted for 91.11 per cent of the total investments and 100 per cent of the divestments. Foreign investors were net buyers, with a net inflow of $4,283.53.
The Tanzania Share Index (TSI) slightly fell by a 0.28 point following a 0.008 per cent decline of the domestic market capitalisation.
The domestic market cap at the end of the week was TZS 9,249.83bn ($4bn) while the TSI stood at 3,518.08 points. NICOL and JATU were the only counters that saw price movements during the week under review.
NICOL saw a depreciation of 2.56 per cent while JATU went down by 9.47 per cent. The All Share Index (DSEI) gained 1.97 points during the week, following a 0.11 per cent gain of the total market capitalisation.A 2.92 per cent gain on the price of KCB Bank was enough to pull up the DSEI despite a decline on other three cross listed counters on top of the two domestic counters.Other cross listed counters that registered price movements were Jubilee Holdings (JHL), National […]
