Stock market sends mixed signals

The Dar es Salaam Stock Exchange (DSE) equities concluded the weekly operations with mixed results last week, as trading activities improved by increased turnover by 317 per cent to 7.47bn/- compared to 1.79bn/- of the preceding period.

According to Zan Securities Limited weekly market wrap-ups, the total volume of shares traded increased to 1,381,116 from 552,972 of the previous week.More than 79 per cent of the turnover contributed by TBL at a price between 12,900/- and 13,490/- per share.

The bourse witnessed shares in SWALA, TOL and DCB leading in terms of price appreciation. However, losers surpassed the gainers as a result major market performance indicators were in red territory.

The Tanzania share index (TSI) capped at 4546.86 points closed low by 1.46 per cent compared with 4,614.06 points posted a week earlier and All Share Index (DSEI) Closed at 2406.71 down by 6.10 per cent compared with 2562.93 points recorded in a previous week.

Accordingly, Industrial and Allied Index sustained downward trend by 0.53 per cent to close at 5822.31 points, this is due to TBL share price decrease, While Bank, Finance & Investment Index capped at 3,516.97 points closed low by 3.62 per cent.

The trend attributed by share price decrease in NMB and CRDB counters. Commercial Services Index experienced a downward trend by 1.39 per cent to close at 2,969.64 points.

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

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