Tanzania: DSE makes huge turnaround

The Dar es Salaam Stock Exchange (DSE), equity market marked huge turnaround after registering total turnover of 24.35bn/-compared to 8.58bn/- of the previous session with TBL and CRDB Bank emerging top traded equities.

According to Zan Securities Limited Weekly Wrap-ups, TBL and CRDB contributed to 74.59 percent and 14.34 percent of the week's total turnover respectively.

Similarly, TBL emerged as the top gainer dominating the price movement within local listed companies after experiencing 200/- or 1.33 percent price increase to close at 15,200/- per share.

Meanwhile, Simba emerged as the top loser to close the week with the largest price drop for local listed companies after experiencing a 350/- or 11.11 percent price decrease to close at 2,800/- per share.

Comparatively, key benchmark indices were in both the green and red territory during the week with the Tanzania Share Index (TSI) capped at 4,611.29 points, higher by 0.41 percent compared with 4,592.45 points posted in the previous period.

The All Share Index (DSEI) closed at 2,403.58 points, lower by 0.25 percent compared with the week before to close at 2,409.71 points.

Three sector indices closed off both in green and red territory with Industrial and Allied experiencing an increase, closing at 6,158.12 points up by 0.44 percent compared to previous week closing at 6,130.88 points. Banks, Finance and Investment Index experienced an increase by 0.42 percent to close at 3,099.01 points compared to close at 3,086.15points.

Commercial Services Sector experienced a decrease by 0.53 percent to close at 3,915.58 points compared to 3,936.51 points of the period before.

Total market capitalisation experienced decrease by 0.27 percent compared to the previous week, closing at 21.05tri/-. Domestic market capitalization experienced an increase by 0.41 percent to close at 9.77tri/-.
Source: Daily News, reported from Dar es Salaam, Tanzania
Share on Google Plus

About Abduel Elinaza

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.