Dar es Salaam Stock Exchange monthly turnover falls

Thursday March 14 2019

Dar es Salaam Stock Exchange chief executive

Dar es Salaam Stock Exchange chief executive officer Moremi Marwa PHOTO | FILE 

By The Citizen Reporter @TheCitizenTZ news@tz.nationmedia.com

Dar es Salaam. The Dar es Salaam Stock Exchange (DSE) had a lower turnover in February 2019 than the previous month, market reports show.

In February, DSE recorded a turnover of Sh8.9 billion, down from from Sh18.4 billion in January, analyses by the bourse and Tanzania Security Limited indicate.

That occurred because the volume of shares traded fell to 3,798,181 from 8,719,218 during the same period.

Active counters were those of CRDB, TBL and Voda with 2,387,070; 502,970 and 491,680 shares traded respectively. No counter experienced an increase in price, suggesting the roughness of the market.

On the Industrial and Allied Sector, Swala and TOL counters traded 7,860 and 160 shares respectively after being dormant since May 2018.

The biggest declines in share prices were in counters of Nicol, TBL and DSE Plc.

Trading at the Nicol counter fell from Sh215 to Sh175, TBL from Sh12,400 to Sh11,700 and DSE Plc from Sh1,380 to Sh1,260.