Business flourishes at Dar bourse

The Dar es Salaam Stock Exchange (DSE) registered outstanding performance last week with the total turnover jumping to 3.54bn/- compared to 3.51bn/- recorded in the previous session.

However, according to the Tanzania Securities Limited (TSL) weekly market commentary, shares which changed hands fell by 12.9 per cent to 9,418,240 shares from the previous period of 10,812,170 shares. Foreign investors participated significantly by 51 per cent of the total week’s turnover.

Indices edged further up towards the end of the week. The Dar es Salaam Stock Exchange All Share Index (DSEI) ended the week at 1,607.45 while the Tanzania Share Index (TSI) settled at 1,945.59 supported by gains on TBL, NMB and TOL counters.

Banking segment Index weakened by 0.11 per cent to close the week at 1,997.40 points on the backdrop of a loss posted on the CRDB counter of 3.45 per cent. However, the Industrial and Allied Index increased from last week’s supported by TOL by 1.66 per cent and TBL, 0.58.

The segment closed at 2,093.59, which is 0.26 per cent. The banking segment moved a significant volume of shares and high turnover during the week. Banks accounted for 98 per cent of the week’s total volume traded and 81 per cent of the market value.

CRDB was mainly dominated by foreign participants contributing about 50.6 per cent of CRDB’s total turnover. The counter traded 9,021,134 shares at prices of 280/-, 290/- and 300/-.

NMB activities gained during the week by trading of 61,149 shares at a price of 1780/- , 1,800/- and 1,820/- per share.

The industrial and Allied segment was less illiquid this week compared to the previous week. The segment moved 2 per cent of total market’s activity and 20 per cent of the total turnover.

TBL was the most active counter moving about 171,876 shares at a price of 3,420/- and 3,440/- per share. Simba followed with 22,063 shares being transacted at a price of 2,380/- per share.

Twiga closed the week at 2,700/- per share, moving a volume of 13,180 shares. A total of 5,080 shares of TOL changed hands at a price of 305/- while Tatepa moved 5,000 shares at a price of 650/-.

Swissport counter traded 2,375 shares at a price of 2,260/- while TCC counter moved 350 shares at a price of 6840/-.
Source: Daily News, reported from Dar es Salaam, Tanzania
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