12 June 2014

Tanzania: TOl Makes Impressive Performance At DSE

TOL Gases Limited is among top drivers at the Dar es Salaam Stock Exchange (DSE) in terms of price and volume during the last six month.

DSE market highlights show that TOL, CRDB and TBL during the period posted outstanding performance in price and movement on the equity market.

During this period, TOL share price changed to 500/- per share compared to 310/- in January, this year, which is equivalent to about 60 per cent increment with a volume of 229,249.

CRDB Bank followed in the list with its share price changing to 315/- from 280/- at the beginning of the year, representing 11.1 per cent change, with a volume of 102,608.

TBL also as a top mover has its share price jump to 8,740/- per share, compared to 8,000/- in January, this year, which is an increment of 9.25 per cent with a volume of 22,022.

The period under review saw the NMB and Swissport, the only two local listed firms making up in the list of top gainers in terms of percentage change of price.

At the top of the list are the cross listed firms including ABG, KCB, JHL and EABL. NMB and Swissport recorded a 1.76 per cent and 0.75 per cent change of price to 3,460/- and 2,680/- per share respectively, up from 2,620/- and 2,680/- in January.

ABG made a change of 0.49 per cent to 6,130/- per share from 4,860/- at the beginning of the year. The JHL changed by 3.60 per cent to 6,910/- per share from 5,120/- in December, last year.

In the period, the NMG and SIMBA became the top losers in terms of price change. The NMB lost by 0.34 per cent to 5,860/- whereas SIMBA fell by 0.83 per cent to 2,380/- per share.

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