DSE records 'windfall' business

Dar es Salaam Stock Exchange’s (DSE) weekly turnover rose by 359 per cent to 11.37bn/- last week from 2.47bn/- registered in the previous week.

Similarly, shares traded increased significantly to 34,679,010, equivalent to 328.66 per cent compared to 8,090,834 which changed hands on the bourse during the previous period.

The week’s increase in turnover and activity was mainly supported by CRDB counter which accounted for 99 per cent of both the market turnover and weekly activities.

The weekly market commentary by the Tanzania Securities Limited (TSL) shows that the indices continued with recovery and rallied with modest gains for both the DSE All Share Index (DSEI) and the Tanzania Share Index (TSI).

The DSEI closed 0.45 per cent higher at 1,607.57 points while the TSI ended the week at 1,946.08 points which was 1.60 per cent up. 

The Banking segment Index strengthened, thanks to price rise in DCB and CRDB counters, settling at 2,037.55 points, 2.13 per cent up from 1,994.97 points at close of business last week.

The Industrial and Allied Index strengthened to 2,047.40 points from last week’s 2,040.83 points, about 0.32 per cent increase.

CRDB was dominated by local investors than foreign participants during the week, where 49 per cent of the counter turnover was from foreign purchase. The counter traded 34,540,225 shares at a price of 300/-, 320/- and 325/-.

NMB transacted 48,906 shares at a price of 1,720/- and 1,740/-. Simba was the most active counter among the Industrial and Allied sector during the week, trading 13,100 shares at 2,400 per share. Twiga followed with 9,005 shares transacted at 2,660/- and 2,700/- per share.

Swissport closed the week at 2,220/- per share, moving 5,484 shares. A total of 5,350 shares of TCC changed hands at 6,800/- each while TBL moved 2,300 shares at 3,280/- and TOL counter transacted 400/- shares at 275/-. There were no activities in the Precision Air and TTP counters.
Source: The Daily News, reported from Dar es Salaam, Tanzania
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