DSE fourth quarter activities, turnover increase against Q3

Dar es Salaam. Activities of the Dar es Salaam Stock Exchange (DSE) increased during the fourth quarter of this year ending next Monday, compared with those of the third quarter ending September.

The DSE market reports have shown that turnover during the fourth quarter reached Sh42.5 billion as at December 24 from Sh28.1 billion recorded in the previous quarter.

Tanzania Breweries Limited dominated share transactions during the fourth quarter.

Other active counters during the quarter were Tanzania Cigarette Company Limited (TCC), CDBD Bank, DSE, Swissport, TCIL, TOG Gases, TPCC, Swissport Tanzania and Vodacom Tanzania.

Out of the recorded turnover, foreign investors injected Sh38.6 billion through buying shares, higher than Sh25.2 billion during the third quarter, an increase of 51 per cent.

Turnover from shares sold by foreign investors also rose to Sh34.4 billion compared with Sh22.5 billion recorded during the third quarter.

The report shows that foreign investors dominated trading activities with 80.88 per cent of selling volumes and 90.86 per cent of buying volumes, higher than 89.60 per cent of buying and 80.21 per cent of selling during the third quarter.

Local investors participated by injecting 19.10 per cent of selling volume in the fourth quarter, lower than 19.79 per cent recorded during the third quarter and 9.14 per cent of buying, lower than 10.40 per cent recorded during the third quarter.

However, the report shows that the turnover recorded during the fourth quarter of this year were much lower than Sh195 billion recorded during the fourth quarter of last year.

Out of the turnover recorded during the fourth quarter of last year, foreign investors injected Sh192 billion through shares and Sh103 billion through selling shares.