FOREIGN investors were net sellers during the week that ended on
The block was sold by foreign investors and bought by locals, hence raising foreign participation to 94.43 per cent on the selling side.
The net outflow during the week was
TBL accounted for 94 per cent of the total equity turnover for the week while CRDB and
The average trading price for the bank has been lower than the official closing price but due to lowered activities on the counter, the volume has not been enough to alter the price. CRDB has moved 347,463 shares during the week, realizing a weighted average price of 208.77/- for the week while the official closing price is still 220/-. The price of
The counter moved 29,395 shares during the week, while the weighted average price realized was 1,898.74/-. The price was still bullish at the beginning of the week and took an about turn on Wednesday to end the week on a bearish mode. The counter entered the week at 1,720/- and closed the week at 1,860/-. The net appreciation was 9.3 per cent. Both indices faced down during the week under review as prices were retreating.
The Tanzania Share Index (TSI) lost a 0.44 point as a result of a decline of the price of DSE. DSE traded 16,076 shares, realizing a weighted average price of 1,072.6/- while closing the week at a price of 1,040/- from the previous week's 1,100/-. The decline on the DSE counter was enough to offset the appreciation of
The All Share Index (DSEI) also lost 9.62 points following a decline of the giants,
The company announced that it's looking to buy back up to 10 per cent of its shares listed on the
When a company believes its shares are undervalued, the company may opt to buy back the shares at market prices, and the news usually props up the prices of the company in question. The buyback news comes two weeks after NMG launched a premium section of its digital platform Nation.Africa, where consumers shall access exclusive, in-depth and analytical content for a fee.
NMG initially launched the digital platform in
Late last year
The TSI closed the week at 3,508.81 points and correspondingly the domestic market capitalization dropped by a marginal 0.012 per cent to a total of
The total value of transactions for the week fell by more than half while the interbank rate plunged, indicating tightening liquidity in the banking sector. The total weekly transactions amounted to
Currency Market The value of transactions on the
The shilling maintained resilience with a slight appreciation by a pip. The shilling has already depreciated by more than 25 pips since the second week of January, which was the last week with weekly transactions above
The weighted average exchange rate during the end of the week under review was
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