TBL deals yield Sh3bn as Dar bourse sees rise in turnover
Dar es Salaam Stock Exchange brokers at work. PHOTO | FILE
What you need to know:
- The market report shows the TBL counter injected Sh3.04 billion, about 99.2 per cent of the day’s total turnover. On the pre-arranged market board, the TBL counter had 213,000 shares traded at a weighted average price of Sh14,100 per share in a single deal.
Dar es Salaam. The Dar es Salaam Stock Exchange (DSE) total turnover hit Sh3.07 billion on Wednesday this week for the first time since May 29, thanks to the Tanzania Breweries Company Ltd (TBL) counter which dominated the market.
The market report shows the TBL counter injected Sh3.04 billion, about 99.2 per cent of the day’s total turnover. On the pre-arranged market board, the TBL counter had 213,000 shares traded at a weighted average price of Sh14,100 per share in a single deal.
The market summary shows that foreigners injected Sh3.05 billion, which accounted for 99.28 per cent of the buying value, and floated about 97.9 per cent of the of shares (Sh3.00 billion of the selling amount). Local investors had 0.72 per cent of the share buying value and they sold only 2.10 per cent of the total selling value. The market report further shows that DSE plc was the second top mover after injecting Sh13.8 million through trading 8,040 shares in six deals at Sh1,720 each.
Other active counters were the National Investment Company Ltd (Nicol), CRDB bank, Mkombozi Commercial Bank, Swissport Tanzania and Tanzania Portland Cement Company.
However, DSE total market capitalisation went down by Sh85.82 billion to Sh22,209 billion on Wednesday from Sh22,295 billion recorded on the day before.
The decrease in total market capitalisation resulted from a dip in share prices among cross listed firms including Acacia, EABL, KCB and Uchumi Supermarkets Ltd.
