30 May 2018

Tanzania: DSE All Shares Index Up

Dar es Salaam — Dar es Salaam Stock Exchange All Shares Index (DSEI) rose on Monday to 2,321.88 points from 2,310.84 points on Friday last week.

The rise was a result of increased share prices of East African Breweries Ltd (EABL) and Acacia.

The EABL shares gained to Sh5,280 on Monday from Sh5,240 on Friday while Acacia price increased to Sh4,020 during an opening day of the week from Sh3,800.

During an opening day of this week, DSE recorded the total turnover of Sh199.14 million, up from 176,612 shares traded in 79 deals.

Tanzania Breweries Limited (TBL) recorded the highest turnover, amounting to Sh104.12 million from transacting 6,310 shares at an average price of Sh16,500 per share in seven deals.

Vodacom Tanzania (Voda) was the second with the turnover of Sh83.28 million from trading 104,230 shares in 60 deals. All shares were floated by local investors and bought by foreign investors.

Other active counters were Tanzania Portland Cement Company Ltd (TPCC), CRDB Bank, NMB Bank and Tanga Cement Plc.

Foreign investors injected Sh185.74 million through buying shares. The amount accounted for 93.27 per cent of purchases. Local investors injected only 6.73 per cent of the buying value.

The market report shows that all shares floated during the opening day of the week were floated by local investors. The total market capitalisation rose by Sh106.27 billion to Sh22.3 trillion on Monday from Sh22.2 trillion on Friday.

The increase in market capitalisation resulted from an increase in share prices of Acacia (ACA) and East African Breweries Limited.

Meanwhile, the Tanzania Share Index (TSI) remained flat -- at 4,180.08 points -- as there were no price changes for all locally listed firms.

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