Banking segment remain active at DSE

Share indexes at the Dar es Salaam Stock Exchange (DSE) headed north last week, buoyed by gains made by some counters in banking and industrial segments.

According to the weekly report by the Tanzania Securities Limited (TSL), the DSE all share index closed the week up, at 1,841.12 points, which is 0.3 per cent increase while the All Share Index (TSI) ended at 2,603.20 points, a 1.8 per cent gains.

The Industrial and Allied Index strengthened further to 3,017.29 points, which are 3.22 per cent gains buoyed by gains in NMB and TBL counters.

But the banking segment Index weakened by 0.59 per cent to close the week at 2,436.60 points pulled down by CRDB’s decrease compared to previous market session. 

In the meantime, the week registered substantial decrease in turnover to 4.85bn/-, or 146.4 per cent from 11.95bn/-, the preceding session.

However, the activity levels improved with shares traded increasing to 4,117,710 shares, equivalent to 41.4 per cent compared to the previous period’s 2,912,752 stocks.

Foreign investors’ participation was strong on CRDB counter contributing about 19 per cent of week’s turnover. The counter moved 3,000,000 shares out of 3,329,321 shares. 

It closed the week at 290/- per share. NMB counter transacted 25,277 shares at price of 2,440 /- and 2,460/- respectively.

The Industrial and Allied segment’s turnover was 82 per cent of the week’s turnover. Volumes decreased compared to the previous week to record 18 per cent of the total market activities. 

TBL was the most active counter among the Industrial and Allied segments.

The counter maintained local support to transact 713,429 shares at price of 6,040/-, 6,100/- and 6,400/- per share. Swissport had 16,250 shares at 2,680/- and TCC traded 15,110 shares at 8,600/- per share.

A total of 12,813 Simba shares transacted at 2,340/- per share. TTP traded only 58 shares at 650/- per share.
Source: Daily News, reported from Dar es Salaam, Tanzania 
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