DSE market capitalisation surges 9%

(Mr Marwa)
Dar es Salaam Stock Exchange (DSE) market capitalisation grew by 8.63 per cent to 13.87trn/- in a twelve month period ending May 2013 from 12.77trn/- recorded in the corresponding period last year.

The DSE market report shows that domestic market capitalisation jumped to 3.68trn/- from 2.53tri/- registered in May 2012. 

During the year, the market report further shows that DSE All Share Index increased to 156,197,000 points from 143,784,000 points in June last year, while Tanzania Share Index (TSI) surged to 175,326,000 points from 120,699,000 points recorded in the corresponding period last year.

The outstanding performance of the bourse indexes is partly explained by the increase of share prices for TCC, Swissport, TBL, NMB and CRDB counters. 

The volume of shares in the market has remained the same throughout the year ending May, as there was no new company that came for listing.

“Price of most counters has increased tremendously, the situation explained by a number of factors including the investors’ confidence in the listed equities, increased awareness as well as positive performance of the economy,” remarked Mr Moremi Marwa, the DSE Chief Executive Officer.

Also the establishment of the Enterprise Growth Market (EGM) will have significant impact into the market operations as both small and medium firms will have opportunity for listing.
Source: The Daily News, reported by Sebastian Mrindoko in Dar es Salaam

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