Tanzania Daily News (Dar es Salaam)

11 March 2014

Tanzania: DSE Turnover in Significant Up Swing

THE weekly turnover at the Dar es Salaam Stock Exchange (DSE) rose significantly reaching 4.41bn/-, up from 504m/- registered in the previous session with much of the turnover contributions coming from banks, financial institutions and investment funds.

According to weekly wrap-ups from Zan Securities Limited, banks, finance and investment sectors were the most active during the period under review recording a turnover of 3bn/- while the industrial and allied sector registered only 1.4bn/-.

As a result total turnover appreciated by 776 per cent, while total volume of shares increased by 1,249 per cent to 9,527,956 from 706,331 that changed hands in the preceding session.

The Tanzania Securities Limited (TSI) Weekly Market Commentary stated that the increase in the volume of shares traded emanated mainly from the CRDB counter with much of the domination coming from foreign investors.

The Dar es Salaam Stock Exchange All Share Index (DSEI) closed at 1.19 per cent higher at 2018.97 points while the Tanzania Share Index (TSI) ended the week at 2,913.40 points 0.51 per cent pulled down by the losses made on the TCC and TBL counters.

The Banking segment Index remained flat at 2,674.27 points weakening to 3,431.62 points, 0.80 per cent down contributed largely by TBL and TCC counters that lost 100/- and 20/- to 8,000/- and 8,800/- per share respectively.

This week the Banking segment was more active contributing more than it contributed 70 per cent of the total turnover and 98 per cent of the market activity.

CRDB counter maintained its lead on the banking segment as it traded 9,280,365 shares at prices of 325/- and closing the week at 320/-.

NMB had 16,278 shares that exchanged hands at a price of 2,700/-. TBL was the most active counter in the Industrial sector, this week. The counter traded 154,867 shares during the week at prices of 8,000/- and 8,100/- per share. TOL followed with 49,500 shares transacted at a price of 310/-.

Swissport counter had 11,074 shares transacted at a price of 2,700/-. Simba counter traded 9,700 shares at a price of 2,460/-.

Twiga counter had 5,632 shares traded at a price of 2,500/-. TCC counter traded 140 shares at a prices of 8,820/- and 8,800/- while Tatepa traded 100 shares at a price of 650/-.

The total market capitalisation increased by 1.19 per cent during the week, conversely, domestic market capitalization decrease by 0.51 per cent. Similarly, most of cross listed companies recorded drop in price but most local listed companies remain unchanged during week under review.

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