DSE wakes up from slumbering

Dar es Salaam Stock Exchange (DSE) woke up from slumber last week, recording improvements on both turnover and activity levels.

The bourse turnover rose by 240 per cent to 1.6bn/- last week from the previous week’s 472m/- while shares traded increased by 289 per cent to 4,085,958 compared to 1,050,191, previously.

The weekly market report by the Tanzania Securities Limited (TSL) shows that indices were also in the green with the DSE All Share Index (DSEI) settling at 1,653.32 points, a 2.57 per cent rise whereas the Tanzania Share Index (TSI) closed at 2,012.91 points, 0.91 per cent up.

Foreign investors’ participation during the week decreased to 0.2 per cent of the total turnover compared to 12 per cent recorded the previous period. 

The Banking segment Index strengthened by 1.3 per cent to close the week at 2,019.98 points supported by the gains made on the CRDB and NMB counters of 0.84 per cent and 1.06 per cent, respectively.

The Industrial and Allied Index improved to close the week at 2,213.04 points, supported by TCC, TBL, Simba and Swissport counters. 

The banking segment moved a large amount of shares, accounting for 97 per cent of the week’s total volume traded and 73 per cent of the market value. There was no foreign investors’ participation in CRDB counter this week.

The counter traded 3,864,436 shares at 265/- and 270/- each while NMB counter transacted 61,362 shares at a price of between 1,880/- and 1,900/-. 

The Industrial and Allied segment was illiquid this week compared to the previous week.

The segment moved three per cent of the total market’s activity and 27 per cent of the total turnover. TBL was the most active counter, trading 107,900 shares at 3,760/- and 3,780/- per share. 

The TCC followed with 12,750 shares being transacted at 7,100/- and 7,200/- per share.

Twiga closed the week at 2,700/- per share, moving 3,004 shares. A total of 3,600 shares of Simba were transacted at 2,380/- while Swissport moved 400 shares at 2,400/-. 

TATEPA counter moved 200 shares at 650/-. There were no activities on the TOL and PAL counters.
Source: Daily News, reported from Dar es Salaam, Tanzania

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