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Labrish
Nyuuz
Tanzania markets flat as investors flock to bank stocks and bonds
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[QUOTE="Munyaradzi Mafaro, post: 73114, member: 636"] Tanzania's equity benchmark slipped a negligible three basis points while domestic bond yields climbed into double digits, signaling investor caution toward stocks and sustained appetite for sovereign paper across longer maturities. The Dar es Salaam bourse registered minuscule losses on its all-share gauge, closing near 2,568 points as turnover dried up outside banking counters, where MCB surged 17 percent after announcing a rights offering to bolster capital reserves. Fixed-income activity remained brisk, with treasury instruments spanning 35 days to quarter-century tenors commanding rates between six percent and 13.5 percent as the central bank prepared fresh bond auctions. Analysts advised capital raisers to target dividend-paying equities or structured debt aligned with mid-teen yields, warning that shallow liquidity demands compelling narratives to unlock investor commitments in a maturing but selective market environment. [/QUOTE]
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Labrish
Nyuuz
Tanzania markets flat as investors flock to bank stocks and bonds
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