DSE market cap falls by Sh440 billion
Dar es Salaam. The depreciation of share prices in three counters triggered a Sh440.57 billion fall of the total market capitalisation of the Dar es Salaam Stock Exchange (DSE) on Tuesday.
DSE reports indicate that the total market capitalisation dwindled to Sh19.09 trillion on Tuesday this week, from Sh19.53 trillion on Monday this week.
Counters whose share prices decreased were those of Acacia, NMB Bank and EABL.
Acacia’s share prices fell to Sh5,150 on Tuesday from Sh5,600 on Monday while those of NMB Bank Plc declined to Sh1,980 from Sh2,340, with those of the African Breweries Ltd decreasing to Sh4,760 from Sh4,880.
Share price depreciation for Acacia, which has just published its first quarter gold output, caused the decrease of its
Acacia’s market capitalisation fell by Sh184.54 billion while that EABL capitalisation was Sh94.89 billion down.
The total domestic market capitalisation declined by Sh180 billion to Sh8.55 trillion, mainly due the depreciation of NMB share prices. Meanwhile, the DSE All Share Index declined by 45.71 points to 1,980.73 points while the Tanzania Share Index’s lost 68.5 points to 3,256.85 points.
A market report shown that the DSE recorded a total turnover of Sh229.69 million from trading 659,575 shares in 48 deals.
The NMB counter recorded the highest turnover of Sh100.9 million from trading 50,990 shares at weighted average price of Sh1,980 each in 11 deals, followed by CRDB with Sh72.9 million from 583,371 shares traded at weighted average price of Sh125 per share in 21 deals.
