Tanzania: DSE Turnover Dwindles By 38 Percent

TURNOVER at the Dar es Salaam Stock Exchange (DSE) dwindled by 38 per cent to 658m/- last week from 908m/- recorded in the previous week largely due to reduced market activities at the year end.

The activity levels on the bourse shrunk, with shares traded plummeting to 1,045,201, a 41 per cent decline compared to the previous week's 1,470,484 stocks. According to Tanzania Securities Limited (TSL) weekly market commentary, foreign investors maintained a buy position, supporting NMB and CRDB counters that contributed about 16 per cent of the week's turnover.

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