Wednesday, November 22, 2017

Cross-listed shares show mixed trend


By Witness Robert @TheCitizenTZ

 Prices of Kenyan cross-listed companies showed a mixed trend last week at the Dar es Salaam Stock Exchange (DSE).

A DSE weekly report yesterday showed that share prices of KBC, NMG and Kenya Airways fell while those of JHL and Uchumi Supermarket rose.

DSE senior public relations officer Mercy Kinabo said the fall and gain of cross-list shares was a reflection of the performances in the original market, the Nairobi Securities Exchange (NSE).

The report shows that the EABL share price decreased to Sh5,170 last week from Sh5,240 the previous week. The Kenya Airways share price slowed to Sh110 last week from Sh120 the previous week while that of KCB decreased from Sh940 to Sh880.

NMG shares dropped from Sh2,590 to Sh2,460 during the same period. According to her, the DSE All Shares Index (DSEI) closed at 2,113 points from 2,154.

The fall of the DSEI was a result of decreased share prices of KCB, NMG, KA, CRDB and Dar es Salaam Stock Exchange.

The Tanzania Share Index (TSI) decreased from 3,845 points to 3,834 due to a fall in the TBL share price.

The industrial sector index remained flat -- at 5,329 points -- over the last two weeks while the financial industry decreased from 2,464 to 5,428 points.