DSE's turnover doubles

The turnover at the Dar es Salaam Stock Exchange (DSE) improved to 572m/- , a 102.12 per cent gain, compared to the previous session’s performance that recorded 283m/-.

Likewise, trading activity also improved significantly where 611,024 shares were transacted during the week, a 3.56 per cent per cent rise in comparison to 590,745 shares traded in the preceding market.

The Tanzania Securities Limited (TSL) weekly market commentary shows all Indices closing in green where the Tanzania Share Index (TSI) settled at 1,515.57 points, a 1.77 up while the Dar es Salaam Stock Exchange All Share Index (DSEI) had 1,505.76 points, equivalent to 0.42 per cent gain.

The Banking segment Index settled 1,236.06 points, a 4.64 per cent stronger than previous week due to gains made on CRDB and NMB counters with 1.69 per cent and 10.71 per cent gains respectively).

The Industrial and Allied Index strengthened to 1, 834.11 points, a 0.69 increase buoyed by TCC counter that gained 200/- to 5,200/-. However, TBL and Swissport lost 20/- and 40/- to close the week at 3,080/- and 1,820/- per share respectively.

About 69 per cent of total turnover and 88 per cent of the market activity by the banking sector was moved during the week. CRDB counter had 236,388 shares transacted during the week at an average price of 155/-. 

NMB ended the week at higher price than last week’s 1,200/- from 1,180/- of last week.

The counter transacted 298,265 shares. Foreign contribution on the counter was 27 per cent of the counter’s turnover. During the week, Twiga traded 29,459 shares at 2,600/- per share. The counter was the most active counter among the Industrial segment.

TBL counter transacted 29,430 shares at price range of between 3, 100/- and 3,080/- per share. 

A total of 15,065 Swissport shares exchanged hands at a price range of between 1,800/- and 1,820/- per share. Simba counter had 2,400 shares traded at 2,400/- per share.

TCC traded 450 shares at 5,200/- per share. There were no activities on TTP, TOL and Precision Air during the week. 

“We anticipate some liquidity shift to enhance support for stocks in the short run. Banks notably NMB and CRDB are set to record more support following recently issued 2012 financial results,” stated the report. 

Foreigners will continue to hold solid positions on NMB and CRDB as these counters still have room for them to participate.

Source: The Daily News, www.dailynews.co.tz, reported from Dar es Salaam

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