Bourse tumbles on slight drop of CRDB share prices

Declined activity coupled with the depreciation of CRDB share prices impacted negatively on the bourse last week, even as business kept ticking at the beer brewer’s counter.

“Low activity and depreciation of price per share at the CRDB counter led to the decline of turnover and volume of shares traded,” confirmed Perfectus Urio, a senior trading officer with the Tanzania Securities Limited.

CRDB counter closed the week at Sh290 price per share compared to Sh295 that had prevailed in the market a week before, the market data shows.

The turnover dropped significantly to Sh4.8billion from 4,118,710 shares that changed hands compared to Sh11.9billion of turnover resulting from 2,912,752 shares traded in a week before, according to the report.

Weekly commentaries from the Tanzania Securities Limited show that the All Shares Index edged up last week at 2603.20 points a 1.8 per cent increase.

CRDB,DCB, NMB, Simba, TTP, Twiga, TCC and Swiss Port, were the other active counters trading last week at the price level of Sh295, Sh490, Sh2,440/2,460, Sh2,340, Sh600, Sh2,680,Sh8,600, and Sh2,680 respectively.
Source: The Citizen, reported by Vainess Mollel from Dar es Salaam, Tanzania
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