Tanzania Daily News (Dar es Salaam)

Tanzania: Trading at Dar Bourse Declines

TRADING at the Dar es Salaam Stock Exchange (DSE) last week was low in comparison to the previous season, when the turnover slipped to 601m/-, a 67 per cent drop from 1,001m/-. recorded during the preceding period.

However, both indices, the Dar es Salaam Stock Exchange All Share Index (DSEI) and Tanzania Share Index (TSI) edged north to close at 1,464.97 points and 1,321.72 points, respectively.

The weekly report by the Tanzania Securities Limited (TSL) shows that gains on NMB and Swissport counters at 100/- and 40/- per share respectively contributed significantly to the outstanding performance of the indices.

Activity levels slowed to 715,346 shares, a sharp decline, 190 per cent down compared to previous week's performance where 2,071,861 shares changed hands. During the week, foreign investors generated 32.45m/- from the purchase of 29,500 NMB shares.

Banking sector Index strengthened by 7.22 per cent to close the week at 1,066.82 points. In the Industrial and Allied, the Index decreased, on the backdrop of a loss posted on the Twiga. The counter lost by 6 per cent to close the week at 2,500/- per share.

The banks accounted for 84 per cent of the market value and 91 per cent of the week's total volume traded where 649,807 shares were transacted. A total turnover amounting 502m/- was generated.

The NMB accounted for 95 per cent of the banking segment. The counter gained from last week's 1000/- to end the period at 1,100/- per share. About 248,842 shares were transacted last week out of 433,703 which exchanged hands supported by local investors.

The CRDB closed the week at 117/-, a 2.17 per cent gain, higher than 115/- of the previous week. During the period under review, the counter transacted 216,104 shares lower than 1,592,702 shares of the previous period.

Swissport was the top mover this week with a turnover of 56m/-, up from last period turnover of 49m/-. Local investors were active on both the buy and sell sides during the week. The counter gained 40/- this week at 1,700/- per share.

TATEPA moved 16,900 shares at 400/- per share. The counter ended the week with a gain of 50/-. For the week, the TCC counter traded 1,533 shares at 4,020/- per share. Other counters traded were TBL, Simba and Twiga with 4,000, 3,000 and 6,666 shares respectively.

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