DSE trading on 90 per cent shrinkage

The Dar es Salaam Stock Exchange (DSE) performed dismally in both turnover and activity levels last week as compared to the previous week’s trading. T

urnover amounted to 879m/-, a 92.3 per cent decline compared to 11.3bn/- of the previous week while activity level shrunk, with shares traded declining to 1,344,490 from last week’s 34,679,010.

The weekly market commentary by Tanzania Securities Limited (TSL) shows that the DSE All Share Index (DSEI) gained grounds by 0.22 per cent to settle at 1,611.15. 

The Tanzania Share Index (TSI) closed at 1,961.23, mainly contributed DCB, NMB and TBL counters that closed the week at 500/-, 1,760/- and 3,340/- share prices, respectively.

Both Indices strengthened with the banking segment Index gaining 2.32 per cent to close at 2,084.77 points, buoyed by gains made on the DCB and NMB counters.

The Industrial and Allied Index closed at 2,063.09 points, thanks to gains on TBL counter. Banks accounted for 94 per cent of the week’s total volume traded and 76 per cent of the market value.

Mainly local investors dominated in CRDB counter trading during the week, with a mere one per cent of the counter turnover coming from foreigners. The counter traded 851,308 shares at a price of between 320/- and 325/-. NMB transacted 151,528 shares at between 1,740/- and 1,760/- per share.

Twiga was the most active counter among the Industrial and Allied sector during the week, moving 59,011 shares at a price of 2,700/- each. Simba followed with 14,400 shares transacted at 2,400/- per share while TBL closed the week at 3,340/- per share having moved 7,700 shares.

A total of 3,553 shares of Swissport changed hands at 2,240/- each while TCC moved 100 shares at 6,800/-. The PAL counter moved 400 shares at 475/- and TTP moved 50 shares at 600/- each share as TOL counter remained dormant for the whole of the week.
Source: The Daily News, reported from Dar es Salaam, Tanzania
Share on Google Plus

About Abduel Elinaza

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.