DSE trading triples as weekly activities surge

The week-on-week turnover at the Dar es Salaam Stock Exchange (DSE) climbed three times to 1.56bn/- from only 527m/- mobilised in the previous session.

Likewise, activity levels at the bourse rose by 33 per cent to 3,838,099 shares, sharp increase from the previous period’s performance of 2,879,216 stocks.

According to the Tanzania Securities Limited (TSL) indices closed in the green with the Dar es Salaam Stock Exchange All Share Index (DSEI) settling at 1,499.82, a 0.65 per cent gain from the previous period record whereas the Tanzania Share Index (TSI) closed at 1,490.48, a 2.83 per cent up.

Foreign investors’ participation during the period under review was 32 per cent of the total turnover compared to 81 per cent support recorded the preceding week. 

The Banking segment Index strengthened by 1.16 per cent to close the week at 1,224.34 points on the backdrop of gain made on the CRDB counter gaining by 3.23 per cent from 155/- last session to 160/-.

The Industrial and Allied Index made a 4.09 per cent gain to close at 1,795.45 points buoyed by TCC and TBL counters which gained to 5,000/- and 3,000/- respectively. 

However, Swissport dipped slightly to 1,820/- per share. As was last week, the banking segment moved 90 per cent of total market’s activity and 41 per cent of the total turnover mainly as a result of increased support from local and foreign investors on the CRDB counter.

The CRDB counter moved 3,393,203 shares at 160/- per share, a three per cent gain higher than 2,826,113 shares transacted period before at 155/-. Foreign investors contributed 78 per cent of the counters turnover. 

The NMB price remained flat during the week at 1,160/- per share where 76,324 shares traded in the counter in comparison to 29,096 shares of last week.

Twiga counter was again the most active counter among the Industrial and Allied sector transacting 339,887 shares with its price remaining unchanged at 2,600/- per share. The TBL maintained its local support to close the week at 3,000/- per share, moving a volume of 20,487 shares higher from 4,046 stocks traded last period.

A total of 2,623 Swissport shares changed hands during the week at a lower price of 1,820/-. Simba, TOL, TCC and other counters saw minimal activities with 2,530, 2,000 and 1,045 shares traded on particular counters respectively. However, TCC’s price gained to 5,000/- per share during the week.

Source: The Daily News, www.dailynews.co.tz, reported by Sebastian Mrindoko in Dar es Salaam 

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