tanzania's DSE named among top Africa’s best performers

Dar es Salaam Stock Exchange (DSE) was the third leading performing bourse in Africa, after Uganda and South Africa, when measured by capital gain returns in US dollar terms in January.

DSE registered a capital gain return of 3.8 per cent, which was overtaken by Uganda Securities Exchange (USE) led by 5.1 per cent in the list of 15 bourses in Africa. USE is followed by Johannesburg Stock Exchange (JSE) at 4.3 per cent.

The DSE Chief Executive Officer, Mr Moremi Marwa (pictured) told “Daily News” as for the month of January 2015, the bourse was the third Exchange in Africa when measured in terms of capital gain returns in dollar terms.

“If these earnings were measured in local currency, then January’s earnings were above 5 per cent at the DSE,” Mr Marwa said on Thursday.

The earnings-capital gain from listed stocks at the DSE, as measured in local currency was about 35 per cent in year -on- year basis up to end of January, even considering the recent fall of value of shillings relative to dollar.

The CEO said “when measured in dollar terms, investors’ earnings are still attractive relatively to other exchanges in Africa.” Mr Marwa said for instance one year return-up to 31st January - was 27 per cent and DSE was the leading exchange, as measured in these criteria, following by USE and JSE at 18 per cent and 17 per cent respectively.

The fourth in line was Namibia Securities Exchange with 2.2 per cent in earnings while Zimbabwe Stock Exchange came on firth position after registering a return of 1.30 per cent in January.

Nairobi Stock Exchange and Malawi Stock Exchange tie at sixth position at 0.6 per cent in earning per shares. On seventh position are Lusaka Stock Exchange and Rwanda Stock Exchange with negative 1.2 per cent earnings.

At the middle is Botswana Stock Exchange at negative 3.8 per cent followed by Stock Exchange of Mauritius at negative 4.7 per cent as capital gain returns. The bottom three are Ghana Stock Exchange at negative 8.3 per cent, Regional Securities Exchange (BRVM) at negative 8.4 per cent and Nigeria Stock Exchange at negative16.6 per cent.

The Tanzania all share index (TSI) appreciated by 3.44 per cent to 4,830.10 points as the results of mainly manufacturing, banks and service industry segments share price increment.

Source: Daily News, reported by Abduel Elinaza, from Dar es Salaam, Tanzania
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