Tanzania Daily News (Dar es Salaam)

Tanzania: Dar es Salaam Bourse Posts Robust Performance

THE weekly turnover at the Dar Stock Exchange (DSE) increased to 908m/- last week, almost three times from 302m/- mobilized in the previous trading with shares exchanging hands rising significantly to 1,470,484 compared to 1,201,534 stocks of the last market.

The weekly market commentary issued by the Tanzania Securities Limited (TSL) shows that foreign investors' participation was 41 per cent of activity and 9 per cent of turnover, mainly supporting NMB and CRDB.

"Foreign participation may still remain strong on selected counters such as NMB and CRDB as they search for both short and medium term returns," stated the report. The Dar es Salaam Stock Exchange All Share Index (DSEI) settled at 1,475.12, a 0.02 gain whereas the Tanzania Share Index (TSI) closed at 1,364.65, a 0.10 per cent increase.

The industrial segment rose by 0.15 per cent on the backdrop of TCC that gained 40/-, while Banks, Finance and Services sectors at the bourse remained flat. In the period under review, the banking sector was very active and liquid with 89 per cent of the volume traded 66 per cent of the total turnover.

The NMB had 441,368 shares transacted in the week at an average price of 1,100/- . Most trades were between local investors while foreign counterparts contributed only 6.0 per cent of its turnover. CRDB started the week on a lower price, however, the counter pulled back at the end of the week to settle at 125/-.

The counter saw foreign support of about 94 per cent. The DCB counter was inactive throughout the week. The Swissport transacted 101,101 shares at 1,720/-. Like the case in recent weeks, TBL and Twiga were also among active counters in the Industrial segment.

Twiga traded 23,693 shares to close the week with its price remaining flat at 2,540/-. TBL moved 17,060 shares at a price of 2,540/- while Simba moved 12,027 shares at a price of 2,400/- same in the previous period. TCC saw very minimal activities during the week transacting 800 shares, with its price gaining 40/- to 4,140/-.

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