IN the coming week, we still prospect that the market will remain vibrant going forward specifically on the banking sector and Cement sector as we have seen the previous week’s top counters coming from those sectors. The market will remain active during the week and mainly from the top local active counters.
JATU Plc share price expected to decline at the bourse, it is likely that it may remain active for some coming trading sessions, but we remain wary with the decline in the volume to be traded.
CRDB is likely to be the most active counter and this has been due to analysts and traders’ expectations on the 2020 performance of the bank, and hence creates higher demand for the shares and will push the price higher in the coming week.
Other top counters expected to transact during the week include TBL, TPCC, NICOL, SWIS and DSE. In midweek we expect a Treasury bill auction to be held by the central bank.
There could be slight increase in the WAY with low volatility towards decline in yields for the short-term instruments, but with a likelihood of oversubscription as we have observed the yields started to increase for treasuries.
In the interbank money market, despite the increase in the Weighted average rate (WAR) during the previous week, we still reiterate foresee that WAR will continue to be stable and within a range of 3.50 per cent to 4.00 per cent with slight volatility in the high and low rate.
The Bourse During the week, total market capitalisation lost by 1.03 per cent to close the market at TZS 14.97 Trillion from TZS 15.09 Trillion in the previous week mainly due to share price depreciation of both cross listed and locally listed firms at the bourse.
CRDB share price increased by 9.76 per cent to close at TZS 225, DSE share price increased by 2.22 per cent to close at TZS 920, NMG share price increased by 1.56 per cent to close at TZS 325 while EABL declined by 3.07 per cent to close at TZS 3,160, KCB declined by 3.75 per cent to close at TZS 770, JATU share price declined by 18.37 per cent to close at 2,400 and JHL share price declined by 0.82 per cent to close at TZS 6,050.
Domestic market capitalisation gained by 0.69 per cent thanks to share price appreciation of CRDB and DSE. TSI gained 0.69 per cent to close […]
