Foreign investors started the fourth quarter by recording net inflows amounting to 940m/- during the first two trading session, signaling improved foreigners confidence on listed companies amid Tanzania’s economic stability.

The market report shows the largest foreign transaction was held on Wednesday, 2nd October, after they purchased shares valued 941.2m/-, which was equivalent to 90.63 percent of total share sold, as local investors accounted for 99.26 percent of the value of selloffs.

The largest transaction of the day, which involved foreign investors purchase, was recorded on CRDB counter, which traded 1.5 million shares valued 992.6m/-, at a price ranging from 630/- to 650/- per share in 256 deals, of which 1.4 million shares traded through block trade pre-arranged market board.

The report shows local investors dominated the market on the selling activity, as they accounted for 99.26 percent of total value of shares sold.

The second top mover was Afriprise (Former TCCIA Investment Company Limited), which recorded the transactions of 10,859 shares, valued 2.4m/- traded at a price of 230/- per share in 33 deals, followed by NICO which transacted 8,229 shares valued 6.1m/- traded at a price ranging from730/- to 750/- per share in 32 deals.

Other active counters were NMB, Tanga Cement, Vodacom, Precision Air, MKCB, MBP, MCB, DSE and DCB.