The phenomenal is normal when approaching the year-end long festivals as investors are switching from business to holiday mode.
Tanzania Securities weekly report says today they expect moderate activities in the coming week.
“The money markets are expected to be less liquid as we move towards the end of the year,” the weekly report says
. Nevertheless, the week ended last
Friday recorded a stronger performance than the previous one after
registering a turnover of 5.25bn/- against 1.22bn/- of previous week.
The activity levels were also up 1.54
times more with shares traded rose 584,338 from last week’s number of
378,529 shares. Despite a turnover surge of almost four times, both
indices ended down this week.
The DSEI dropped by -2.84 per cent to
close at 2,212.63 points while TSI closed the week by -3.99 per cent to
3,667.95 points. The Banking segment Index settled at 2,772.91 points or
0.19 per cent stronger than previous week. The Industrial & Allied
Index decreased by 5.85 per cent to 4,638.72 points.
No comments :
Post a Comment