The Dar es Salaam Stock Exchange (DSE)
indices continued with modest gains in the week ending last Friday,
pushed mainly by banking segment index.
The DSEI closed 0.42 per cent at the end of Friday higher at
1,512.14 points while the TSI ended the week at 1,542.56 points after
rallying by 1.78 per cent in the week.
The Head of Tanzania Securities Research
and Bonds Trading, Ms Upendo Lyatuu, said they expected the equities
market to continue experiencing enthusiasm as liquidity improves in the
economy.
“We expect more investment flow into the bourse to take
advantage of the strengthening fundamentals in the economy and the
market,” Ms Lyatuu said in the report.
She added: “We expect to see increased
activity in the money market as more investors continue to show interest
in government bonds and treasury bills.”
The analysts said further that
in the next few weeks more listed companies will be reporting their
last year’s second half results which might lead to initiation of
speculative activities in the industrial segment.
The banking segment Index settled
1,296.24 points or 4.87 per cent stronger than in the previous week due
to gains made on the NMB counter after gaining 5.0 per cent. Actual, NMB
share price appreciated 12.5 per cent since the year began to last
Friday to 1,260/- from 1,129/-.
The banking segment closed positively
during the week on the backdrop of a 56 per cent of the total market
activity and 11 per cent of the turnover transacted during the week.
Though, the report shows, there were minimal activities in the DCB
Commercial Bank counter during the week.
The bank moved only 1,600 shares at
620/- per share. The Industrial and Allied Index strengthened to
1,842.89 points after climbing up by 0.48 per cent buoyed by TBL and TCC
counters that gained 20/- and 40/- to 3,100/- and 5,240/- per share
respectively.
Source: The Daily News, www.dailynews.co.tz, reported by Abdue Elinaza reported from Daily News
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