Swissport shines at Dar stock exchange

Three local firms listed at the Dar es Salaam Stock exchange (DSE) last week emerged to be the most traded equities after contributing about 96.39 per cent of the total turnover that increased to 6.36bn/- compared to 2.52bn/-.

According to Zan Securities Weekly Wrap-Ups, CRDB, TBL and SWISS contributed 39.31 percent, 36.50 percent and 20.58 per cent, respectively during the week.

Swissport emerged the top gainer within local listed companies with its stock price appreciated by 100/- or 1.47percent, closing at 6,900/- per share.

Tanga Cement Company Ltd (TCCL) emerged as the top loser within local listed companies with its stock price experiencing 240/- or 10.34 percent depreciation, to close at 2,060/- per share.

Total market capitalisation increased by 0.34 percent to 20.98tri/- while Domestic market capitalisation experienced a decrease by 0.53 per cent to close at 8.80tri/-.

The key benchmark indices experienced both green and red performance with the Tanzania Share Index (TSI) capping at 4,130.29points, lower by 0.54 percent compared with 4,152.76 points posted in the previous week.

Likewise, the All Share Index (DSEI) closed at 2,392.66 points, up by 1.11 per cent compared with the preceding period at 2,366.42 points. 

Similarly, the three sector indices closed the week in both the green and red territory where the Industrial and Allied experienced a decrease, closing at 5,560.03 points up down 0.30 per cent compared to previous period closing at 5,576.78 points.

Banks, Finance and Investment Index experienced a decrease by 1.51 percent to close at 2,683.67 points compared to last weeks closing at 2,724.74 points.

Commercial Services Sector experienced an increase by 1.12 per cent to close the week at 3,764.89 points compared to last weeks closing at 3,723.04 points.

Exim Bond Listing; DSE reached another major milestone when EXIM Bank (Tanzania) Limited officially listed its six years retail Corporate Bond with a 15.56% coupon rate and a face value of TZS 15 billion.

The EXIM bond becomes the first retail corporate bond to be listed on the Exchange.
Source: Daily News, reported from Dar es Salaam, Tanzania

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