Tanzania: Dse Starts Week On Low Note

Dar es Salaam — The Dar es Salaam Stock Exchange (DSE) started this week on a low note on Monday after recording a turnover of only Sh40,000, down from Sh49 million recorded last Friday.

The market report shows that the amount was recorded from transaction of 206 shares traded in three deals, of which, all shares were floated by local investors and bought by foreign investors.

The report further shows that DSE recorded a turnover of Sh1,100 from transaction of one share at Sh1,100 while Nico, which was the top mover, recorded a turnover of Sh35,000 from transaction of 200 shares traded at Sh175 per share.

Tanzania Cement Company Limited transacted five shares valued at Sh3,000 in one deal at a price of Sh600 apiece. The report shows that all local counters were supplied with shares on offer led by Vodacom, which has 614,240 shareholders followed by TCCIA Investment Company Limited, which has 222,280 shares for sale.

However, bidders were targeting Tanzania Portland Cement Company (TPCCL), NICO and CRDB Bank Plc.

The report shows that only East African Breweries Limited (EABL) recorded an increased share price by 1.36 per cent to Sh4,480 from Sh4,420 recorded during the closing day of last week.

Also Read

Azania Bank pre-tax profit 'doubles' in second quarter

Banks deposits in Central Zone soar

Vodacom spends Sh171.4 bn in network upgrading in 2019

Losers were Acacia Mining, whose share price slowed by 0.78 per cent to Sh6,400 from Sh6,450, Kenya Airways (5.26 per cent) from Sh95 to Sh90 and NMG (1.92 per cent) from Sh1,040 to Sh1,020.

Total market capitalisation closed at Sh19.164 trillion on Monday, lower than Sh19.169 trillion recorded during the previous trading day due to slowdown of share price at KA, NMG and Acacia counters. According to the report, the DSE All Shares Index closed 0.53 points lower at 1,944.37 points while the Tanzania Shares Index (TSI) remained flat at 3,299.53 points.

See What Everyone is Watching

More From: Citizen

Don't Miss

AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.