Reply to thread

Message

[QUOTE="Munyaradzi Mafaro, post: 71290, member: 636"]
The Dar es Salaam Stock Exchange has entered a recovery phase as banking sector performance and government securities attract renewed investor interest. Total turnover climbed to 5.6 billion shillings from 5.1 billion during the previous trading period, representing growth of 9.79 percent. CRDB Bank dominated market activity with nearly 45 percent of transactions, while Mwalimu Commercial Bank shares surged 17.57 percent to 435 shillings.

Zan Securities analyst Isaac Lubeja indicated that selective liquidity continues flowing toward specific banking and industrial counters. Secondary debt market activity jumped 57.95 percent as investors pursued higher yields, particularly in long-term bonds spanning 20 and 25 years. A recent Treasury bond auction attracted bids exceeding 550 percent of the offered amount despite reduced coupon rates.

Alpha Capital executive Mugisha Kamugisha stated that domestic liquidity is stabilizing both equity and fixed income markets following the election cycle. Total market capitalization reached 21.8 trillion shillings, while the All Share Index gained 1.06 percent to close at 2,545.41 points.
[/QUOTE]

Name