Dar es Salaam bourse turnover drops

Activity  level in eleven equities at the Dar es Salaam Stock Exchange (DSE) resulted in a turnover of 5.87bn/-, down from 38.58bn/- posted a week earlier.

Trading at Dar es Salaam Stock Exchange
According to Zan Securities Limited, banks finance and investment sector were the most active counters with CRDB Bank Plc emerging to be the most traded equity, contributing
more than 81 per cent of total turnover.

Ten local listed companies recorded market price movements and equities on gaining side being SWISSPORT and TOL by 7.39 per cent and 3.63 per cent respectively.

Also, SWALA, CRDB and TWIGA were on the list of top losers by 12.50 per cent, 5.88 per cent and 4.88 per cent respectively. Top gainers for cross listed companies were USL, KCB and JHL.

The bench marks indices pointed south with exception of commercial services index that pointed north because investors welcomed some better-than expected Swissport earnings reports.

The Tanzania Share Index (TSI) closed low by 1.19 per cent from 4,924.66 points posted a week earlier. The All Share Index (DSEI) decreased by 1.50 per cent to close at 2,660.78 points.

Industrial and Allied sector closed at 6,094.43 points down by 1.11 per cent. Banks, Finance and Investment Index experienced a downward trend by 1.19 per cent from 4,024.85 points posted a week earlier.

Commercial Services Index increased by 5.33 per cent to close at 3,308.70 points. The week also saw Swissport publishing its audited financial results for the year ended December last year with growth of earning and dividend per share of 73 per cent.

Investors seemed to be indecisive for fresh positioning, waiting for release of final results. There is positive expectation for market marginal corrections during the week.

Total market capitalization decreased by 1.51 per cent to 23.3tri/- and Domestic market capitalization decreased by 1.26 per cent to 10.30tri/- from 10.44tri/- posted a week earlier.
Source: Daily News, reported from Dar es Salaam,Tanzania
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