The Dar es Salaam Stock Exchange (DSE) weekly turnover jumped to
4.67tri/-, which is a 44.03 per cent gain compared to 3.24tri/- of the
previous week.The Tanzania Securities Limited (TSL) weekly market commentary shows that the activity levels also improved slightly where 2,937,213 shares were transacted registering 27.20 per cent gain compared to the 2,309,437 stocks traded the preceding period.
Consequently, all Indices closed the week in the green where the
Tanzania Share Index (TSI) settled at 1362.40 points, equivalent to 0.63
per cent higher while the Dar es Salaam Stock Exchange All Share Index
(DSEI) closed at 1,474.59 points, a 0.14 gain.
Banking segment Index strengthened further with 0.65 per cent higher
to close the week at 1,087.81 points supported by CRDB’s increase of
6.38 per cent. Similarly, the Industrial sector Index increased, buoyed
by gains posted on the TOL, TCC and Twiga counters.
The counters gained 8.33 per cent with 1.99 per cent and 0.79 per
cent to close the week at 260/-, 4,100/- and 2,540/- per share
respectively.
During the period under review, banks accounted for 36 per
cent of the week’s total volume traded and 64 per cent of the market
value.
CRDB shares started the week at 120/-. However, the counter gained
some ground to trade and close at a high price of.125/- per share.
A
total of 928,939 shares, a 1.39 gain were transacted compared to last
week’s 916,201 stocks that exchanged hands.
NMB accounted for 44 per cent of the banking index market share, as
measured by turnover. The counter maintained its price level at 1,100/-
per share though it touched 1,120/- sometimes during the week with a
total of 137,042 shares being moved.
Foreign investors’ participation in the banking industry was two per
cent of the week’s turnover, supporting the CRDB and NMB counters.
Industrial segment contributed to 98 per cent of the total weekly shares
exchanged hands and 96 per cent of the total turnover.
TBL was the leading counter during the week by transacting 1,529,925
shares though the price remained flat closing the week at 2,800/-.
The
counter accounted for 96 per cent of the total industrial turnover. The
market saw TOL slightly registering an interesting two per cent of the
sector’s turnover where a total of 293,473 shares were transacted during
the week at 260/-.
SIMBA traded 25,220 shares to close the week with its price remaining
flat. Twiga moved 21,618 shares at a price of 2,540/- and Swissport moved 687 shares at 1,700/-. The TCC and TaTePa saw minimal activities
during the week.
Source: The Daily News,www.dailynews.co.tz, reported by Sebastian Mrindoko in Dar es Salaam
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