Dar stock exchange’s indices sink as share prices decrease
What you need to know:
- Declined in share price among cross listed companies and locally listed slowed down the Dar es Salaam Stock Exchange (DSE) share indices. The slowdown also lowered the DSE market capitalisation.
Dar es Salaam. Dar es Salaam Stock Exchange (DSE) indices dipped as share prices fell.
A market report shows that DSE All Shares Index closed at 2,129.7 points on Monday this week, down from 2,134.0 points on Friday last week. That happened because share prices of Acacia, DSE Plc and Kenya Airways fell significantly.
Acacia share prices declined to Sh5,750 on Monday from Sh5,800 on Friday last week.
Kenya Airways share prices dropped to Sh200 on Monday from Sh205 on Friday last week.
The Tanzania Share Index (TSI) also fell to 3,614.01 points from 3,614.19 points during the same period. The drop in TSI was caused by the decrease in DSE Plc share prices to Sh1,360 from Sh1,380.
DSE recorded a turnover of Sh53.80 million on Monday this week from transacting 44,004 shares in 59 deals.
Vodacom Tanzania had the highest turnover, of Sh21 million, earned from trading 30,000 shares at the average price of Sh7,00 in 41 deal.
Another active counter was that of the Tanzania Cigarette Company that had 1,320 shares traded at weighted average price of Sh14, 500 in four deals, with a turnover of Sh19.1 million.
Other active counters included those of CRDB Bank Plc, Swala Plc, Tanzania Portland Cement Company Ltd and Tanzania Brewers Ltd.
DSE was incorporated in September 1996 and trading started in April 1998. It is a member of the African Stock Exchanges Association. The exchange is open five days a week, from Monday through Friday.
Activities of the exchange are monitored and supervised by the Capital Markets and Securities Authority.
The DSE operates in close association with the Nairobi Securities Exchange in Kenya and the Uganda Securities Exchange in Uganda. Plans are underway to integrate the three to form a single East African bourse
