Activities at the Dar es Salaam Stock Exchange (DSE) shrunk on local and foreign participation last week, with shares traded plummeting to 962,770 from 6,171,574 transacted in the previous session, an equivalent of 541.6 per cent fall.The Tanzania Securities Limited (TSL) weekly market commentary shows that the turn over dropped to 314m/-, which is 692.7 per cent down from 2.48bn/- of the last session.
About 40 per cent of week’s turnover was attributed to the foreign investors.
However, both indices closed in the green with the Dar es Salaam Stock Exchange All Share Index (DSEI) gaining 0.46 per cent to 1,549.00 points while the Tanzania Share Index (TSI) ended the week at 1,698.42 points, which is 1.78 per cent higher.
The outstanding performance of the indices was mainly supported by gains made on NMB of 3.95 per cent, CRDB 6.76 per cent, TBL 0.66 per cent and Swissport 1.02 per cent to close the week at 1,520/-, 197/50, 3,040/- and 1,980/- per share respectively.
The banking sector was the most active, transacting 933,666 shares or 97 per cent of the volume of shares traded during the week.
The outstanding performance of the indices was mainly supported by gains made on NMB of 3.95 per cent, CRDB 6.76 per cent, TBL 0.66 per cent and Swissport 1.02 per cent to close the week at 1,520/-, 197/50, 3,040/- and 1,980/- per share respectively.
The banking sector was the most active, transacting 933,666 shares or 97 per cent of the volume of shares traded during the week.
The activity was especially prominent on CRDB counter that contributed almost 71 per cent of the sector’s week turnover.
The banking segment turnover during the period under review was 247m/-. The sector is expected to remain vibrant through the first quarter reporting season.
The Industrial and Allied Index gained 0.27 per cent to end the week at 1,907.07 points buoyed by TBL and Swissport counters that closed the week at 3,040/- and 1,980/- respectively.
The Industrial and Allied segment generated a turnover of 72m/- during the week, in comparison to last week’s 1.4bn/-.
The banking segment turnover during the period under review was 247m/-. The sector is expected to remain vibrant through the first quarter reporting season.
The Industrial and Allied Index gained 0.27 per cent to end the week at 1,907.07 points buoyed by TBL and Swissport counters that closed the week at 3,040/- and 1,980/- respectively.
The Industrial and Allied segment generated a turnover of 72m/- during the week, in comparison to last week’s 1.4bn/-.
Swissport counter generated a turnover of 26m/- on 12,983 shares which changed hands during the week.
TBL traded 10,418 shares throughout the week at 3,040/- per share while a total of 18,736 shares of Simba transacted in the counter.
TBL traded 10,418 shares throughout the week at 3,040/- per share while a total of 18,736 shares of Simba transacted in the counter.
Twiga counter transacted 2,078 shares during the week with its price remaining unchanged. There were no activities on PAL, TOL and TTP counters.
Source: The Daily News, reported from Dar es Salaam
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