Dar bourse records strong turnover

Despite an absence of foreign participators, the Dar es Salaam Stock Exchange (DSE) recorded a strong turnover last week jumping to 11.95bn/- from 1.39bn/- of the previous session.

Similarly, the volume of shares that changed hands rose by 146.3 per cent to 2,912,752 compared to 1,182,582 shares of the preceding market.

According to the Tanzania Securities Limited (TSL) weekly market commentary, the DSE All Share Index headed dropped to 1,834.86, a 1.91 per cent down whereas the Tanzania Share Index (TSI) gained to close at 2,558.30.

During the period under review, the banking segment index strengthened by 1.11 per cent to close at 2,451.13 points supported largely by the gains made on the CRDB by 1.69 per cent and NMB 0.83 per cent, counters.

Likewise, the Industrial and Allied Index also strengthened by 4.68 per cent to close at 2,923.12 points buoyed by TBL and Swissport counters that gained to close at 6,040/- and 2,680/- respectively.

Comparatively, the Banking sector’s activities and turnover during the period were both lower than the Industrial and Allied sector.

It moved four per cent of the market turnover and 33 per cent of the total volume that changed hands. CRDB counter ended up 300/- per share, moving a volume of 809,313 shares while NMB counter transacted 51,447 shares at a price of 2,420/- and 2,440/-.

The Industrial and Allied segment was more liquid with TBL being the most active counter. The counter maintained local support to transact 1,912,110 shares at a price of 6,000/- and 6,040/- per share.

TWIGA moved 11,978 shares at 2,680/- per share whereas Simba closed the week at 2,340/- per share, trading a volume of 6,950 shares.

A total of 3,724 shares of Swissport changed hands at a price of 2,660/- and 2,680/- while TCC moved 2,400 shares at a price of 8,600/-. Tatepa moved 34 shares at a price of 600/-. There were no activities on the Precision and TOL counters.
Source: Daily News, reported from Dar es Salaam, Tanzania
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