Dar stock exchange’s weekly turnover increases by 256pc

Dar es Salaam. The Dar es Salaam Stock Exchange (DSE) weekly turnover increased by 256 per cent to Sh671.88 million last week.

It was Sh188.71 million the previous year.

According to Zan Securities Limited market wrap-ups for the week ending August 31, top trading equities were Tanzania Breweries, CRDB Bank and Nicol.

Tanzania Breweries Ltd (TBL) dominated the market share by 84 per cent followed by CRDB Bank Plc came second with 5 per cent, while Nico had only 4 per cent of the market share.

Zan Securities Limited chief executive officer Raphael Masumbuko said the market ended on a high note during the week.

“We expect the market turnover in the coming week to be moderate and improved price change. It is good time for investors turning market volatility to their advantage,” he said.

According to the wrap-ups, price movement was recorded in two local listed company, the self-listed Dar es Salaam Stock Exchange (DSE) ticker appreciated in value by 11.76 per cent, to close at Sh1,900 per share while Nico’s ticker appreciated by 1.72 per cent to close off the week at Sh295 per share.

The DSE market capitalisation decreased by 1.72 per cent to close at Sh21,351.93 billion, while domestic market capitalisation increased by 0.05 per cent to close at Sh10,882.07 billion. On a weekly comparison, key benchmark indices closed as follows, the Tanzania share index (TSI) improved by 0.05 per cent to close at 4,142.85 points, while the All Share Index (DSEI) closed at 2,215.14 points down by 1.72 per cent compared to last week.

Industrial & Allied Indices closed at 6,080.42 points, same as last week while the Bank, Finance & Investment Index close at 2,520.71 points up by 0.26 per cent.