Tanzania Daily News (Dar es Salaam)

Tanzania: Dar Bourse Witnesses Thin Holiday Trading

THE last week of trading at the Dar es Salaam Stock Exchange (DSE) in the year 2012 saw a decline of turnover to 61m/-, which is equivalent of 979 per cent fall, from 658m/- mobilized in the previous session.

Likewise, activity levels shrunk with shares traded reduced to 170,996, which is 515 fall in comparison to the previous week's of 1,078,800 shares.

According to the Tanzania Securities Limited (TSL) weekly market commentary, foreign investors' participation was on CRDB countre contributing about 29 per cent of the week's turnover.

The Dar es Salaam All Share Index (DSEI) ended the week at 1,402.38 points, a 1.12 per cent high mainly supported by CRDB counter that gained 15/- to close the period under review at 150/- per share.

Other counters remained flat all through the week. The banking segment continued with an impressive performance strengthening further by 3.72 per cent to close the week at 1,170.63 points supported by CRDB's increase.

The sector became active and liquid contributing about 86 per cent of total turnover and 98 per cent of the market activity. The CRDB counter had 139,676 shares transacted during the week at an average price of 150/-. Local participation on the counter was significant at 15 per cent of the counter's turnover. Foreign investors contributed by 85 per cent of its turnover.

The NMB ended the week at the same price as in the previous week. The counter transacted 28,299 shares where local contribution on the counter was 60 per cent of the counter's turnover. In the industrial sector, Twiga traded 1,020 shares during the week in comparison to last week's 19,679 shares.

However, its price remained unchanged. TBL counter had 200 shares at 2,800/- per share. TCC traded with 1,020 shares transacted at 4,200/- per share. Simba counter had 570 shares at 2,400/- per share. Swissport moved only 103 shares at a price of 4,200/- per share.

"The market is expected to witness further minimal activity in the light of continued festive season. However, there is expectation of continued presence of foreign investors particularly taking position in the CRDB counter, though in small bits due to the general lack of supply," stated the report.

Ads by Google

Copyright © 2012 Tanzania Daily News. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.