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Foreigners steal show at TBL share purchase

According to the equity market report of the first two days trading this year, foreign investors generated a total turnover of 707m/- and 262.6m/- from purchases of 350,000 and 130,000 TBL shares respectively.

In both sessions, the TBL shares were traded on prearranged board (crossing) at 2,020/- per share. These shares were sold by the local institutional investor to several East African institutional investors after obtaining a special approval from Capital Markets and Securities Authority.

In the first session for the year 2012, DSE recorded a total turnover of 717.66m/- from 355,080 shares in comparison
to the previous session last year which recorded a turnover of 7.61m/- from 13,120 shares, stated the report.

The report implies that local investors’ participation in the market activities still minimal with only 91896 shares were traded with a total turnover of 7.31m/-. In the first session of 2012, the CRDB counter had 500 shares traded at weighted average price of 172.50/- per share. But second day 1,952 shares were traded at weighted average price of 170/- per stake.

SIMBA counter had 3,150 shares traded in the first day at weighted average price of 2,380/- per share. TWIGA counter had 1,330 shares traded at weighted average price of 2,080/- per share and in the second session, only 164 shares traded at weighted average price of 2,080/-.

The TCC counter had 100 shares traded at weighted average price of 3,140/- per share. The TBL counter had 2,600 shares
traded at weighted average price of 2,020/- per share in the second day. The DCB counter had 1,900 shares traded in the second day at weighted average price of 640/- per share.

The NMB counter had 200 shares traded in the second session at weighted average price of 850/-per share.

TANZANIA Investment Centre (TIC) has introduced call- ...

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Author: SEBASTIAN MRINDOKO

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