Dar bourse surges as year begins

Despite recording weaker performance in terms of turnover and activity level, the Dar es Salaam Stock Exchange indexes closed the week in green.

According to the Tanzania Securities Limited (TSL), Turnover decreased significantly to 384m/-compared to 2.52bn/- recorded in the previous session.

The end of year obligations including quarterly tax payments as well as Christmas and New Year festivals’ spending could have contributed to the weaker performance in turnover and activity level.

Similarly, shares traded fell to 639,404, equivalent to 70.2 per cent down with the 35 per cent of week’s turnover being attributed to the foreign investors.

However, the DSE All Share Index closed 1.57 per cent higher at 1,876.07 points while the Tanzania Share Index (TSI) ended the week at 2,848.25 points, 0.16 per cent gain, pulled up by NMB counter to close at 2,640/- per share.

The banking segment Index strengthened by 0.51 per cent to close the week at 2,523.74 points on the backdrop of a gain posted on the NMB counter by 0.76 per cent.

The banking segment was liquid compared to the Industrial segment; moving about 87 per cent of the total turnover and 97 per cent of the market activity. NMB was the most active counter supported largely by foreign investors to trade 68,282 shares.

The counter closed the week at 2,640/- per share. However, the Industrial and Allied Index remained flat during the period under review closing the segment at 3,414.56 points. The industrial and Allied Segment was less active during the week compared to the Banking segment.

Swissport was the most active counter accounting for 58 per cent of the segment’s total turnover whereby it traded 11,325 shares at 2,660/-.

TBL followed with 1,974 shares traded at 8,000/- per share while Simba had 2,600 shares at 2,020/- per share.

The TOL traded 900 shares at 310/- while Twiga counter transacted 293 shares at 2,660/- per share. There were no activities on the TCC, Tatepa and Precision counters.

Source: Daily News, reported from Dar es Salaam, Tanzania 

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