DURING the week that ended 17th January 2020, the bourse recorded a slight decline in total market capitalisation by 0.60% to 17.25trl/- compared to 17.35trl/- recorded in the previous week while, the domestic market capitalization increased by 0.14% to close the week at 9.02trl/-.
Dar es Salaam stock exchange all share index (DSEI) closed the week at 2,077.95 points being a decrease by 0.60% from 2,090.44 points recorded in the last day of the previous week.
Movement of the DSEI was contributed by the movement in the share prices of some Counters as follows; KCB declined by 4.84%, NICOL declined by 2.86%, while CRDB increased by 5.26%, KQ increased by 11.11%, JHL increased by 0.62% and EABL increased by 0.87%.
Tanzania all share index (TSI) and B&F index increased by 0.14% and 0.81% respectively due to the increase in share price of CRDB from 95/- to 100/-. On the contrary, other indices remained flat. Active counters during the week include TBL, CRDB, TPCC, NICOL, NMB and DSE.
Total turnover worth TZS 22.63 billion was recorded from 94 deals compared to 2.04bn/- from 69 deals in the previous week. Volume of shares traded during the week increased to 71,424,888 shares from 571,338 shares traded in the previous week.
During the week TBL traded shares worth 15.99bn/- which is 70.65% of total weekly turnover, followed by CRDB which traded shares worth 6.61bn/- which is 29.18% of the total weekly turnover.
Other active counters transacted during the week include TPCC which traded shares worth 27.97m/-, NICOL traded shares worth 5.35m/-, NMB traded shares worth 4.97m/-, DSE transacted shares worth 0.47m/-, VODA worth 0.23m/- while TCC traded shares worth 0.016m/-.
Interbank market;
During the week the weighted average rate (WAR) for interbank market closed at 4.00% from 4.20% which is 0.002 basis points (bps) less than the last day of the previous week. Total volume traded decreased by 84.68% to 26bn/- compared to 167.70bn/- in previous week.
The highest rate in the interbank market was 5.00% while the lowest was 3.50% compared to the previous’ week high and low rate of 5.30% and 3.50% respectively. Analyst Views; From the movement in weighted average rate (WAR) it depicts a decline trend. We expect the rate to range from 4.00% – 4.10% on average basis.
Debt MarketIn the bond market, Government bond recorded transaction value of 16bn/- with face value of 16.33bn/- While, in the previous week the Government bond recorded transaction and face value […]
