Tanzania: DSE posts impressive performance

The Dar es Salaam Stock Exchange (DSE) has posted an impressive performance in September with three stocks emerging the most trade equities after controlling 96.82 per cent of the value.

However, there is expectation of low equities performance in terms of turnover, volume and prices this month due to the general elections where by most of local and foreign investors are shifting their eyes to the events.

According to Zan Securities Limited Weekly Wrap-Ups, the Tanzania Breweries Ltd (TBL), Tanzania Portland Cement Company (TPCC) and CRDB Bank Plc contributed 87.15 percent, 5.79 percent and 3.88 percent of the total turnover respectively.

During the month under review, the Dar bourse recorded a total turnover of 127.91bn/- compared to 63.14 billion posted in August 2015.

TBL, TPCC and CRDB TOL Gases Ltd (TOL) and National Microfinance Bank Plc (NMB) emerged as the lead gainer dominating the price movement within local listed companies to close off the month of September.

TOL experienced a 20 or 2.67 percent increase per share, closing at 770/- per share. NMB experienced a 20/- or 0.71 percent increase per share, closing at 2,830/- per share. On the other hand, TWIGA, Swala and CRDB lead the losers by 410/- or 10.78 percent, 55/- or 9.90 percent and 35/- or 8.75 percent respectively.

Key benchmark indices during September were in green territory with the Tanzania share index (TSI) that capped at 4,631.91 points to close high by 0.04 percent compared with 4,630.13 points posted a month earlier.

All share index (DSEI) closed at 2,531.08 points high by 2.45 percent. Industrial and Allied index sustained downward trend by 1.17 percent to close at 6,194.49 points. 

Banks, Finance and Investment index recorded a positive trend by 3.90 percent to close at 3,096.39 points. Commercial Services index capped at 3,974.18 points low by 1.15 percent during September.

During the month, a number of companies issued dividends on six months results to June 2015 including Swissport 154.84/- per share, Tanga Cement Company Ltd 55/- per share and Tanzania Cigarette Company Ltd 300/- per share.

The DSE Market capitalization increased by 2.46 percent to close at 22.16tri/- while, Domestic Market capitalization decreased by 0.03 percent to close at 9.81tri/-.
Source: Daily News, reported from Dar es Salaam, Tanzania
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