DSE weekly turnover shoots to 2bn/-

The  Dar es Salaam Stock Exchange (DSE) performed impressively last week, with turnover and trade volume increasing by 36.9 and 93.6 per cent, respectively.

The weekly market report by the Tanzania Securities Limited (TSL) shows that turnover increased to 2.19bn/- in the week under review from the previous week’s 1.6bn/- while traded shares rose to 7,912,367 compared to the previous week’s 4,085,958 shares.

The indices continued with recovery and rally with modest gains for both DSE All Share Index (DSEI) and the Tanzania Share Index (TSI).

The DSEI closed 3.72 per cent higher at 1,714.91 points while the TSI ended the week at 2,053.33 points.

The Banking segment Index settled at 2,032.84 points, 0.6 per cent stronger than the previous week due to gains made on the NMB counter of 1.05 per cent.

The Industrial and Allied Index strengthened to 2,279.48 points, which is three per cent up buoyed by TCC counter that gained 800/- to close at 8,000/- per share.

The banking segment moved large volume of shares and turnover during the week compared to the Industrial and Allied sectors. Banks accounted for 99 per cent of the week’s total volume traded and 98 per cent of the turnover.

CRDB was dominated by local investors during the week with its counter trading 7,848,970 shares at a price of between 265/- and 270/- per share.

NMB counter transacted 23,785 shares at between 1,900/- and 1,920/-. The Industrial and Allied segment was illiquid compared to the previous week.

The segment moved one per cent of total market’s activity and two per cent of the total turnover.

The TCC was the most active counter among the Industrial and Allied sector, trading 11,455 shares at the price of 8,000/- per share. TOL followed with 10,000 shares transacted at 305/- each.

Swissport closed the week at 2,400/- per share, moving 5,119 shares. A total of 2,978 shares of TATEPA were moved at 650/- while Twiga moved 2,747 shares at the price of 2,700/-, while TBL counter moved 200 shares at a price of 3,780/-.

Simba moved 8,160 shares at 2,300/- and 2,380/- per share respectively. There were no activities on the PAL counter.
Source: Daily News, reported by Sebastian Mrindonko, from Dar es Salaam, Tanzania
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