According to Orbit Securities Weekly Financial Market Report, a turnover of 3.03bn/- was generated from 618,194 shares last week compared to 1.289 billion generated from 1,072,433 shares traded in the previous week.
The stock brokerage firm said TBL dominated the market after moving 93.82 per cent of the total turnover by moving 171,551 shares and generating a total turnover of 2.84bn/-. Tanzania Portland Cement Company (Twiga Cement) also moved 1.94 per cent of the turnover at 58.9m/- after 32,799 shares exchanged hands.
The DSE Plc and CRDB Bank followed after generating a weekly turnover of 56m/- and 49m/- while moving 34,086 shares and 319,102 shares respectively. DSE and CRDB accounted for 1.85 per cent and 1.63 per cent of the total turnover, Orbit said.
On the other hand, Vodacom counter slowed down during the week under review, the counter generated a turnover of 1.8m/- from moving 2,300 shares. Other active counters were Swissport, NICOL, TCC and TaTePa of which including Vodacom they accounted for 0.76 per cent of the total weekly turnover.
Foreigners slightly increased their investment side by 150 basic points (bps) with a buying participation of 69.56 per cent compared to 68.06 per cent in the previous week. Locals’ buying partici-pation decreased by the same 150 bps to 30.44 per cent compared to the previous week’s 31.94 per cent.
On the other hand, locals’ divestiture declined to 50.68 per cent from 89.43 per cent recorded in the previous week while foreigners’ divestiture increased to 49.32 per cent from previous week’s 10.57 per cent.
Daily News
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