14 March 2019

Tanzania Bourse Starts Week On Bad Note

The Dar es Salaam Stock Exchange (DSE) posted a bullish increase in total turnover of Tshs.8.2 billion ($3.5 million) last week compared to Tshs.1.7 billion ($739,130) of the previous week with Tanzania Breweries Limited (TBL) and Dar es Salaam Stock Exchange (DSE) emerging as top movers.

According to the Zan Securities Limited weekly wrap- ups, TBL and self listed DSE dominated as the top movers this week, controlling 83 per cent and 16 per cent of the market share respectively.

The DSE was the only top gainer during the week with a price increase of 3.17 per cent to close the session at Tshs.1,300 ($0.5) per share. Alternatively, Swissport was the top loser, depreciating in value by 14.53 per cent, closing at Tshs.2000 ($0.8) per share.

During the week under review, two counters, NICO and TBL experienced a price drop of 8.57 per cent and 3.39 per cent to close the trading activities at Tshs.175 ($0.07) and Tshs.11400 ($4.9) per share respectively.

Total market capitalization increased by 0.56 per cent, closing at Tshs.20.18 trillion ($8.7 billion) and the Domestic Market capitalization decreased by 1.40 per cent to Tshs.9.17 trillion ($3.9 billion).

The key benchmark indices, including the Tanzania Share Index (TSI) moved down to 1.40 per cent to 3,491.31 points while the All Share Index (DSEI) increased by 0.56 per cent to close at 2,093.75 per cent. The sector indices including the Industrial and Allied Index (AI) closed 4,883.99 points, down by 2.10 per cent, the Bank, Finance and Investment index down by 2,142.53 points, down 0.01 per cent while the Commercial Services Index went down by 0.63 per cent to close at 2,254.98 points.

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