CRDB share up by 4pc as turnover plummets
Dar es Salaam, July 14 -- CRDB Bank, largest lender in the country, a share regained by 3.7 per cent to bounce back to 140/-for the week ending last Friday.
The bank gain, however, came as the bourse's equity market turnover plummeted almost five times to 1.36bn/-from 5.06bn/-.
Zan Securities Chief Executive Officer (CEO), Raphael Masumbuko said the gaining of CRDB shares, signifying picking up of bourse performance when approaching mid-this quarter.
"We expect the equity market to pick up in performance as we approach mid of this quarter," Mr Masumbuko said through the firm's Weekly Market Wrap- Ups.
The report showed CRDB share price appreciation uplifted domestic market capitalisation by 0.14 per cent to 9.104tri/-.
On the one han...
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