THE DSE- All Share Index (DSEI) in the week ended
The DSE closed at
In addition to the slip in the market Indices, the overall activity on the market shrunk significantly week to week as both turnover and the volume transacted fell short of prior week's records.
The turnover recorded this week only amounted to
The volume transacted in the same manner was also down 80% to 473, 964 shares from 2.6 million that was transacted the week before.
This marks this week as the slowest week since the beginning of the current quarter. The past week marked a final week for the major stocks to put their registers in order ready for dividend payments next week.
This resulted in investors disposing off- shares whose dividends they have already locked-in resulting in a temporary slump on the domestic market. CRDB recorded another 20 spreads decline in share price resulting in a closing price of
The counter exchanged 123,615 shares worth
TPCC transacted more than 20,000 shares generating
NMB transacted about 55,000 shares while
This stock has been in the dip for the past year, following the shakeup in the aviation industry, however signs of recovery have been observed and the company is expected to award his investors with about
DCB and DSE have also maintained their rally, where DCB this week was up 2.5% to close at
The cross-listed market, was only let down by
This comes as a turnaround for the said market since it has recorded consistent down trend since the year started.
The
This means the public only subscribed up to 64% of the offered amount. Historically the 15-years paper hasn't been investor's go-to tenor, however it had picked up popularity not long ago, following extreme prices on the longer-tenors investors resorted to 15-year paper as a substitute to the highly priced 20- and 25- years bonds.
The yield to Maturity for this paper had slightly declined compared to the previous yield, this is due to the down-ward coupon adjustment by the central bank in Q1, so despite the prices for the current bond being lower, averaging 99.12% the yield stood at 11.27%.
Eventually, the government only took one third of the tendered amount,
Money Market
The Interbank Cash Market (IBCM) recorded a
he interbank rate has remained steady averaging about 2% throughout the week, although some transactions carried a rate as high as 4.5% but overall weighted average
Copyright Tanzania Daily News. Distributed by AllAfrica Global Media (allAfrica.com)., source