Embed Size (px)
Citation preview
1
Weekly Financial Market Report Ending 26th June 2020 1.0 CAPITAL MARKETS 1.1. Weekly Activities Summary
o The total weekly equity turnover has decreased significantly during the course of the week.
This week’s total turnover decreased to TZS 471.9mln a 85.93% decrease from last week’s
total turnover. TBL was this week’s top mover, replacing NMB after having a TZS 220.8mln
total weekly turnover. TBL accounted for 46.79% of the weekly total turnover.
o The All Share Index (DSEI) on the other hand lost 2.35 points following a 0.13% decrease in
the total market capitalization
o Foreign investors’ participation in the market on the buying side decreased during the course
of the week, resulting in a net foreign outflow of –TZS 196.57Mln.
o Statistics are elaborated in more detail on the tables below.
1.2. Equity Market Statistics
PREVIOUS CURRENT
Description TZS $ TZS $ ▲ %
Total Turnover (TZS) 3,355,052,115 1,462,929.00 471,930,030 205,589.25 -85.93% Number of Shares Traded 2,084,625.00 401,621.00 -80.73% Total Market Capitalization (Bn.) 15228.90 6.64 15,209.45 6.63 -0.13% Domestic Market Cap (Bn.) 9157.29 3.99 9,156.95 3.99 -0.004% All Share Index (DSEI) 1834.31 1,831.96 -2.35 Pts Tanzania Share Index (TSI) 3486.99 3,486.86 -0.13 Pts Weighted Av. Local Buying % 57.08 99.27 +42.19 P Weighted Av. Foreign Buying % 42.92 0.73 -42.19 P Weighted Av. Local Selling % 1.62 57.62 +56 P Weighted Av. Foreign Selling % 98.38 42.38 -56 P Foreign Purchases 1,440,127,555.53 627,949.82 3,431,803.44 1,495.01 -99.7617% Foreign sales 3,300,549,454.96 1,439,163.79 199,996,854.80 87,125.63 -93.9405% Net foreign Inflow/(outflow) -1,860,421,899.43 -811,213.97 -196,565,051.36 -85,630.62 -89.4344% *P= Percentage points
Pts=change in index points
2
1.3. Weekly Summary Tables Counter Closing
price %
W/W %
YTD Turnover TZS Volume
Traded Market Cap TZS Billion
Domestic Counters Top movers TBL 10,900 0.00 0.00 220,805,000 42,001 3,216.11
Gainers and Losers of the week
NICOL 165 -2.94 -5.71 3,432,000 20,800 11.41
Other Active Counters
VODA 850 - - 217,678,000 256,120 1,904.00 TPCC 2,200 - +10.00 19,288,000 9,644 395.83 CRDB 145 - +52.63 9,761,830 72,294 378.72 SWISS 1,300 - -18.75 910,000 700 46.8 DSE 890 - -9.18 55,200 62 21.2 Cross Listed Counters Counter Closing
price %
W/W %
YTD Turnover TZS
‘000’ Volume Traded
Market Cap TZS Billion
EABL 3,720 -1.06 -15.84 2,941.68 JHL 5,350 -0.93 -32.28 387.73 KA 55 -8 +10.00 312.48 KCB 790 +1.94 -34.17 2,346.57 NMG 335 - -58.75 62.22 USL 5 - - 1.82
The following graphs shows week-to-week turnover and volumes trend as traded in the stock market for the previous year.
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
80.00
-
10,000
20,000
30,000
40,000
50,000
60,000
Mar
Ap
r
May Jun jul
Au
g
Sep
t
Oct
No
v
Dec Jan
Feb
Mar
Ap
r
May
T'OVER & VOLUME
T'over TZS Mln Volume Mln
-
500.00
1,000.00
1,500.00
2,000.00
2,500.00
3,000.00
3,500.00
4,000.00
Mar
Ap
r
May Jun jul
Au
g
Sep
t
Oct
No
v
Dec Jan
Feb
Mar
Ap
r
May
DSEI & TSI
DSEI TSI
3
2.0 COLLECTIVE INVESTMENT SCHEMES 2.1 UNIT TRUST OF TANZANIA (UTT) Performance of Unit Trust Schemes as at 25th June 2020 was as follows:
3.0. GOVERNMENT SECURITIES
3.1. Secondary Market
Bond turnover on the secondary market has significantly increased, rising from TZS 45.43 Bln of weekly total bond turnover to TZS 120.27 Bln after the trading of Government Treasury Bonds on the secondary bond market (Source: DSE website)
4.0 MONEY MARKET 4.1 Interbank Foreign Exchange Market (IFEM) The shilling has further depreciated against the US Dollar from the previous week. As on 25 June 2020, the Shilling closed at a weighted average exchange rate of TZS 2306.9/USD, from a weighted average exchange rate of TZS 2,305.05/USD on June 19,2020. Value of transactions on the IFEM have further decreased to USD 7.9Mln, as compared to the value traded during the previous week. (Source: BOT website) 4.2 Foreign Exchange Market – Bank of Tanzania The Mean exchange rates for major currencies against the Tanzania Shilling as on 26th June, 2020.
(Source: BOT website)
SUB Umoja Fund
Wekeza Maisha
Watoto Fund
Jikimu Fund
Liquid Fund
Bond Fund
Net Asset Value (TZS Mil) 226,154 1,349 3,469 17,960 108,512 39,375
Net Asset Value/Unit (TZS) 635.8504 490.8995 380.4274 135.5827 244.0199 105.1327
Sale Price / Unit (TZS) 635.8504 490.8995 380.4274 135.5827 244.0199 105.1327
Repurchase Price/ Unit (TZS) 629.4919 481.0815 376.6232 132.8710 244.0199 105.1327
Currency Previous Week Current Week Δ%
TZS/$ (US Dollar) 2,293.38 2,295.50 +0.09% TZS/€ (Euro) 2,574.32 2,576.01 +0.07% TZS/£ (GBP) 2,856.86 2,854.69 -0.08% TZS/Rand 131.90 131.57 -0.25% TZS/KES (Kenyan Shilling) 21.57 21.54 -0.12%
4
RESEARCH TRADING OPERATIONS CORPORATE
FINANCE
Imani Muhingo
Head Of Research & analytics
Mickdad Chakindo
Chief Trader
Radegunda Mosha
Head of Customer
Service
Godfrey Gabriel
Director of Corporate Finance
Wende Kalinga
Investment Analyst
Aurelia Kajumulo
Trader
Geofrey Kamugisha
Financial Analyst
(+255) 22 211 1758
4th Floor, Golden Jubilee Garden Ave/Ohio St, Posta, Dar es Salaam, Tanzania
www.orbit.co.tz
Important Disclaimer
The information contained therein is of the date thereof based on information available to ORBIT subject to the assumptions indicated which may change without notice.
Orbit Securities Ltd policy is to update research reports as it deems appropriate, based on developments within the subject company, the sector or the market that may have material
impact on the research views or opinions stated in the reports/notes. Our policy is only to publish research notes that are impartial, independent, clear, fair and not misleading.
The information, investments and/or strategies discussed in this presentation may not be suitable for all investors and where you have any concerns you should approach an investment
advisor. Potential investors are responsible for making independent investigation and appraisal of the risks, benefits, appropriateness and suitability of this transaction, and ORBIT have
no liability thereto.
To the extent within the context of applicable law, ORBIT do not accept liability for any loss (direct or consequential) arising from use of this presentation. You must not rely on any
communication (written or oral) from us as investment advice, a recommendation to enter into a transaction (which includes the information and explanations related to the terms and
conditions of a transaction) or deem it to be an assurance or guarantee as to the expected results of a transaction.
Investments discussed in this presentation may fluctuate in price or value over time and past performance is not indicative of future results. While we have taken care in preparing this
presentation, we give no representation, warranty or undertaking and accept no responsibility or liability as to the accuracy or completeness of the information set out in this presentation.
This presentation does not represent an offer of funding and any facility to be granted in terms of this presentation is subject to us obtaining the requisite internal and external approvals.
