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DSE trading slows down

"Locals participation continued to outpace that of foreign investors," the report indicates.Despite the bourse poor performance during August, two banks, namely CRDB and National Microfinance Bank (NMB), registered outstanding activities.

"Performance for the month under review was largely contributed by NMB and CRDB counters which traded more than 1.3 million and 4.8 million shares respectively," Orbit Securities said in the report.NMB counter managed to transact 1,313,091 shares worth 1.25bn/- while CRDB traded 4,874,872 shares valued 551.28m/-, TaTePa and TPCC realized turnover of 399.18m/- and 396.05m/- respectively.

DCB Commercial Bank and Precision Air were the only shares that depreciated during the month under review while CRDB, TaTePa and TCC share prices remained unchanged at 118/-, 325 and 3,360/- respectively.DCB shares were the most affected after dropping by 20/- to close the week at 620/- each. Precision Air share also plummeted by 5/- to close the month at 470/- a share.

On the other hand, Swissport, Twiga Cement and NMB share prices were the most successful of the month after climbing up by 340/-, 320/- and 140 to 1,340/-, 2,500/- and 1,000/- respectively.However, despite the downturn, Tanzania Share Index (TSI) edged up slightly to 1,254.67 points from 1,226.54 points of July.

Overall, Treasury bills yield closed the month at 0.18 per cent basis points higher at 12.63 per cent at an auction held last Wednesday of the previous month, compared to 12.45 per cent recorded during the auction held  mid last month.Meanwhile, the two-year Treasury bond, auctioned last month, recorded a yield of 13.82 per cent with an increase of 0.09 per cent basis point as compared to the previous auction.

In the ten years, Treasury bond during the auction held early last month posted a yield of 15.07 per cent with an increase of 0.09 per cent as compared to the previous auction.

COFFEE farmers in Nsunga Ward of Missenyi ...

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Author: ABDUEL ELINAZA

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