THE shares of Dar es Salaam Stock Exchange (DSE) Plc are continuing to shine after depreciating by almost 60 per cent in the last six months.
The share price opened the year trading at 1,140/- but jumped to 1,920/- last Friday surging on the back of anticipated good returns.
Thus the self-listed stock price leads other 20 listed stocks at the end of last Friday, despite to list at the bourse some two years ago.
DSE Plc, last week, announced a second dividend of 58/- that makes a total of 100/- for 2017. Stock exchange analysts said the expectation of good dividend had driven share price further north in the last couple of weeks.
Orbit Securities weekly market synopsis said the share price was rallying since dividend-hungry investors' position their portfolio in anticipation of good dividend payout.
The share closed last week on the highest note since the beginning of this year of 1,920/-. The dividend brings a 5.2 per cent dividend yield a share.
DSE apart, TBL was the second in line after its share appreciated by 14.3 per cent to 16,600/-. The giant brewer in the country share opened January at 14,000/-.
DSE and TBL was followed by Tanzania Portland Cement Company (TPCC) that share price went up by 1.4 per cent to 1,640/- in the last six months.
Shareholders of TPCC, trading as Twiga Cement, last year pocketed 100/- to translate to a dividend yield of 6.5 per cent. The amount was still the highest yield gain for 2017.
The four stock to appreciate positively on the bourse since January was TCC that rallied by 1.2 per cent to 17,000/- from 16,800/-.
The share of CRDB Bank traded at 160/- last Friday and NMB at 2,750/-, Precision Air (470/-), Swissport (3,500/-), TCCIA investment (450/-), Tanga Cement (1,200/-) and TOL (780/-) remained stagnated at the some price almost since January.
The shares of five stocks sunk between 1.0 per cent and 11 per cent. The most depreciated share was of TaTePa that dropped by 78.3 per cent in last six months.
However, the share was reduced value to reflect the firm's present position.