DSE market cap down by Sh188 billion

Monday March 18 2019

By Josephine Christopher @JocfineQ jchristopher@tz.nationmedia.com

Dar es Salaam. The Dar es Salaam Stock Exchange (DSE) total market capitalization decreased by Sh188.59 billion to Sh19.82 trillion on Friday, last week, from Sh20.01 trillion tabled during the previous day.

The market reports showed that the decrease was attributed to the fall in prices for some of the cross-listed firms such as Jubilee Holdings Limited (JHL), Acacia Mining, and East African Breweries Limited (EABL).

Jubilee Holdings Limited (JHL) share prices sank by 9.11 per cent to Sh8, 680 from Sh9, 550 recorded in the previous auction day. The firm’s market capitalization declined from Sh692.12billion to Sh629.07 billion.

The Acacia Mining company share price went down at both the DSE and London bourse, where the firm was originally listed.

During the period under review, the price of individual shares for the company at the Dar es Salaam Stock Exchange went down to Sh6,000 from Sh6,250. At the London stock exchange market they also depreciated by 2.71 per cent to GBX197.30 on Friday.

East African Breweries Limited (EABL) share prices decreased to Sh4, 560 from the previous closing price of Sh4, 680.

In respect to the shrink of their individual share prices, the market cap for both Acacia and EABL at the Dar es Salaam stock market dwindled from Sh2.56 trillion and Sh3.7 trillion to Sh2.46 trillion and Sh3.6 trillion respectively.

The fall of share prices for two firms also affected the DSE all share index (DSEI)which closed low by 19.29 points.