DAR ES SALAAM, July 23 -- STRONG investor demand for Treasury bills and declining short-term yields point to ample liquidity in financial system, creating conditions that could support further gains in equities in the coming weeks, according to Zan Securities.

Zan Securities Advisory and Research Manager Isaac Lubeja said in the Weekly Wrap Up yesterday the oversubscription recorded across all Treasury bill maturities indicates investors remain confident in government securities despite larger auction sizes, while falling yields may encourage institutional investors to seek higher returns in the stock market.

“Strong demand was therefore observed across all maturities in the latest Treasury bill auction,” Mr Lubeja said. The...