{"id":19690,"date":"2020-12-05T21:20:34","date_gmt":"2020-12-05T21:20:34","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=19690"},"modified":"2020-12-05T21:20:34","modified_gmt":"2020-12-05T21:20:34","slug":"jatu-becomes-investors-darling-stock-after-listing-on-dse","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/jatu-becomes-investors-darling-stock-after-listing-on-dse","title":{"rendered":"JATU BECOMES INVESTORS\u2019 DARLING STOCK AFTER LISTING ON DSE"},"content":{"rendered":"

Author:<\/i>\u00a0ABDUEL ELINAZA<\/strong>
\nAfricaPress-Tanzania:<\/strong> JATU, an agri-industrial based start-up firm, shares appreciated by 24 per cent in the first trading week after listing on Dar es Salaam Stock Exchange (DSE).<\/p>\n

The start-up, listed on DSE’s alternative market last Monday, closed the week at 520\/- after gaining 460\/- minutes after being listed on the bourse. The listing price was 420\/-.<\/p>\n

Jatu, which hadn’t gone through an IPO, its share demand is puzzling stock market analysts since they failed to pinpoint the source of demand.<\/p>\n

Analysts, however, said it was too early to determine the share trading and price pattern since Jatu listing skipped the initial public offer.<\/p>\n

Tanzania Securities said in its Weekly Blast Market report that Jatu was one of the active counters last week and the same was expected this week.<\/p>\n

Zan Securities said Jatu, the newly listed company, boosted the performance of the domestic equity market last week as indices went up.<\/p>\n

\u201cWe expect a return of block trades next week and, therefore, an increase in volume and turnover,\u201d Zan said in its weekly market wrap-up. DSE weekly total turnover plunged by 83.8 per cent to 740.6m\/-.<\/p>\n

DSE Insight, unofficial bourse twitter account, said it was hard to really understand Jatu share patterns.<\/p>\n

\u201cThey didn\u2019t go through an IPO process and the value is so low, not a lot of money can move the price. We will just have to wait and see how the market responds,\u201d DSE Insight tweeted.<\/p>\n

The firm, which was listed on the bourse last Monday, saw its share rallying to 460\/- on the first day of listing from 420\/- when the bell was rung.<\/p>\n

Orbit Securities Head of Research and Analytics Imani Muhingo said mid-last week share rallying on the first day was not an immediate indicator of the firm\u2019s trading pattern.<\/p>\n

\u201cIt\u2019s tricky to analyse Jatu\u2019s share pattern at the moment to establish if price prop-up is driven by demand. If the firm had gone through IPO and oversubscribed, we could have easily said those left behind were buying at the secondary market,\u201d he said.<\/p>\n

Orbit Securities said on Monday\u00a0on its Weekly Market Synopsis that both indices painted green for the week to last Friday as a result of increased equity prices during the week.<\/p>\n

\u201cThe domestic market cap was lifted by CRDB, Nicol and Jatu, which all experienced appreciated prices,\u201d Orbit said.<\/p>\n

The Tanzania Share Index (TSI) gained 6.55 points as a result of a 0.2 per cent increase in domestic market capitalisation. All Share Index (DSEI) increased by 0.20 per cent to close at 9,147.70 points.<\/p>\n

The TSI and domestic market cap closed the week at 3,482.97 points and 9.147tri\/-.<\/p>\n

Both, CRDB Bank and Nicol\u2019s, went up by 2.78 per cent to close the week at a price of 185\/- for both counters.<\/p>\n","protected":false},"excerpt":{"rendered":"

Author:\u00a0ABDUEL ELINAZA AfricaPress-Tanzania: JATU, an agri-industrial based start-up firm, shares appreciated by 24 per cent in the first trading week after listing on Dar es Salaam Stock Exchange (DSE). The start-up, listed on DSE’s alternative market last Monday, closed the week at 520\/- after gaining 460\/- minutes after being listed on the bourse. The listing […]<\/p>\n","protected":false},"author":84,"featured_media":19676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[886,2948],"class_list":["post-19690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-dse","tag-ipo"],"yoast_head":"\nJATU BECOMES INVESTORS\u2019 DARLING STOCK AFTER LISTING ON DSE - Tanzania<\/title>\n<meta name=\"description\" content=\"JATU, an agri-industrial based start-up firm, shares appreciated by 24 per cent in the first trading week after listing on Dar es Salaam\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/jatu-becomes-investors-darling-stock-after-listing-on-dse\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JATU BECOMES INVESTORS\u2019 DARLING STOCK AFTER LISTING ON DSE\" \/>\n<meta property=\"og:description\" content=\"JATU, an agri-industrial based start-up firm, shares appreciated by 24 per cent in the first trading week after listing on Dar es Salaam\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/jatu-becomes-investors-darling-stock-after-listing-on-dse\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-05T21:20:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/12\/89fd5b036c1595d63d761008d70fb967.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"477\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/jatu-becomes-investors-darling-stock-after-listing-on-dse#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/jatu-becomes-investors-darling-stock-after-listing-on-dse\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"JATU BECOMES INVESTORS\u2019 DARLING STOCK AFTER LISTING ON DSE\",\"datePublished\":\"2020-12-05T21:20:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/jatu-becomes-investors-darling-stock-after-listing-on-dse\"},\"wordCount\":474,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/jatu-becomes-investors-darling-stock-after-listing-on-dse#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/12\/89fd5b036c1595d63d761008d70fb967.jpg\",\"keywords\":[\"DSE\",\"IPO\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/jatu-becomes-investors-darling-stock-after-listing-on-dse#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/jatu-becomes-investors-darling-stock-after-listing-on-dse\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/jatu-becomes-investors-darling-stock-after-listing-on-dse\",\"name\":\"JATU BECOMES INVESTORS\u2019 DARLING STOCK AFTER LISTING ON DSE - 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