DSE turnover remains buoyant

The year-end events like planned holidays and quarterly tax obligations stock investors did not prevent the Dar es Salaam bourse from record outstanding weekly market performance of 19.9bn/-, equivalent to 990.6 per cent higher compared to 1.83bn/- of the previous session.

The Tanzania Securities Limited (TSL) weekly market commentary shows that the increase in turnover and volume was mainly supported by TBL counter that accounted for 99.53 per cent of the total turnover and 67.07 per cent of the week’s volume.

The Dar es Salaam Stock Exchange All Share Index (DSEI) closed at 1.29 per cent lower at 1,839.27 points while the Tanzania Share Index (TSI) ended at 2,844.86 points, a 0.01 per cent increase, pulled up by the Swissport counter that gained 20/- to close at 2,700/-.

According to the Zan Securities Weekly wrap-ups, a reduction in trading session owing to the independence Day contributed to the marginal showing of 2 per cent increase of number of shares that have changed hands from 3,546,951 to 3,604,243.

The Industrial and Allied sector remained the most active with turnover of 19.34bn/- with major contribution from TBL by 96.8 per cent while other sector shared remaining 3 per cent led by banks, finance and investment sector by 2.6 per cent. 

The TBL counter maintained local support to transact 2,417,352 shares at price of 8,000/- per share.

Most of the major DSEI sector indices were in stagnant territory, led by gains in commercial services sector mostly from cross listed shares. 

The TSL report describes further that CRDB counter was mainly supported by foreign investors to trade 1,070,007 shares closing the week at 290/- per share.

NMB counter transacted 84,719 shares at price of 2,540/-.
Source: Daily News, reported from Dar es Salaam, Tanzania
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