Dar stock exchange starts week on a low note

Wednesday February 13 2019

 

By Halili Letea @hletea hletea@tz.nationmedia.com

Dar es Salaam. The Dar es Salaam Stock Exchange (DSE) started a week on a low note.

Its indices and market capitalisation slipped on Monday. The bourse’s market report shows that the All Share Index fell to 2,144.3 points on Monday, down from 2,146.75 points on Friday.

The Tanzania Share Index also fell to 3,533.96 points from 3,534.69 points. The decrease in the indices resulted from share price depreciations among bourse equities.

For example, share prices of self-listed DSE Plc fell by 5.71 per cent to Sh1,320 each on Monday while those of Jubilee Holdings Ltd (JHL) lost by 3 per cent to Sh9,700.

The total market capitalisation dwindled to Sh20,668.71 billion from Sh20,692.36 billion while domestic market capitalisation marginally fell to Sh9,282.69 billion from Sh9,284.60 billion.

On Monday, the turnover was Sh31.27 million earned from transacting 119,042 shares in 33 deals.

The CRDB Bank counter recorded the highest turnover of Sh14.91 million from trading 110,426 shares at weighted average price of Sh135 each in 12 deals.

It was followed by Tanzania Breweries Ltd with a turnover of Sh8.18 million earned from trading 730 shares at weighted average price of Sh11,200 each in three deals.

Other active counters were those of DSE Plc, NMB Bank, Swissport Tanzania Ltd, Tanga Cement Company and National Investments Company. DSE started trading 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.

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