15 April 2014

Tanzania: TBL Shares Shine At Dar Bourse

THE Dar es Salaam Stock Exchange (DSE) turnover headed north during the week with the TBL emerging the most active counter after moving shares worth 7.95bn/- alone at the price ranging between 8000/- and 9,200/-.

According to Zan Securities Weekly Market Wrap-ups, the TBL counter traded 879,227 shares generating over 85 per cent of total turnover.

Twiga followed with 102,025 shares transacted at prices of 2,480/- and 2,460/- per share. Swissport transacted 27,422 shares at a price of 2,700/- per share.

TCC counter followed with 2,243 shares traded at prices of 10,000/- and 9,900/- per share. Simba counter transacted 500 shares at a price of 2,480/- per share.

TOL traded 200 shares at a price of 310/- per share. The total value of transactions after close of the week stood at 9.4bn/-equivalent 810 per cent up compared with previous week turnover.

Foreign participation dominated the market in the week by trading 7.69bn/-, which is more than 80 per cent of total turnover and up by 4,843 per cent.

During the week, the total Market capitalization fell by 0.49 per cent to 17.38tri/- caused by price depreciation of five out of six cross listed companies. Domestic market capitalisation went up to 6.24tri/- by 0.68 per cent.

The change towards north was mainly contributed by price increase in CRDB and DCB by 3 per cent and 2 per cent respectively.

CRDB counter traded 3,008,020 shares at prices of 300/-, 305/- and 310/- per share. NMB counter traded 37,994 shares at a price of 2,700/- per share.

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