DSE weekly turnover up nearly ten-fold, but indices close lower
What you need to know:
- The weekly turnover increased to Sh5.8 billion last week compared with Sh610.95 million recorded in the previous week.
Dar es Salaam. The week-on-week turnover of the Dar es Salaam Stock Exchange (DSE) rose nearly ten times last week, but indices – the measure of equity performance – closed in the red, reflecting price fluctuations.
The weekly turnover increased to Sh5.8 billion last week compared with Sh610.95 million recorded in the previous week.
On Friday, all indices were in the red, according to market highlights on the DSE website.
The All Share Index (DSEI), which tracks the performance of all listed equities, slowed from 2,86.99 points on Thursday to 2,077.32 points on Friday.
The Tanzanian Share Index (TSI), which measures the performance of local listed firms, fell from 3972.84 points to 3961.61 points, according to DSE market reports.
During Friday’s trading, only Acacia gained by 1.38 per cent while five other counters fell.
TBL, Nicol and CRDB Bank were on the list of top movers. TBL accounted for the largest share of the market, having sold 289,905 shares at Sh14,300 each which totalled about Sh4.1 billion.
TBL was also among counters that depreciated after its share price dropped by 0.69 per cent to Sh14,300.
Other losers on the bourse in Friday’s trading were NMG which depreciated by 1.81 per cent to Sh1630 per share; East Africa Breweries Ltd (EABL) which dropped by 0.45 per cent to Sh4,380; Kenya Airways (KA) which dropped by five per cent to Sh190 per share; and Uchumi Supermarkets Ltd (USL) which depreciated by 16.67 per cent to Sh25 per share.
DSE has 28 listed companies including the seven firms which cross-listed from other bourses.
