Foreigners inject Sh1.5bn in DSE via block trading
Brokers at the Dar es Salaam Stock Exchange. PHOTO | FILE
Dar es Salaam. Foreign investors stimulated activity at the Dar es Salaam Stock Exchange (DSE) on Tuesday after injecting in Sh1.56 billion through block trading.
According to the bourse’s market report for April 20, 2021, two trading counters - CRDB Bank and NMB Bank - traded a block of two million and 675,000 shares respectively on the pre-arranged market board.
At the end of the trading session, the two banks recorded a total turnover of Sh1.5 billion, namely: Sh1.14 billion for NMB and Sh428.16 million for CRDB, the daily report says.
DSE recorded a total turnover of Sh1.58 billion from 2,725,516 shares traded in 46 deals. Foreign investors contributed 99.07 percent of the total turnover while local investors contributed only 0.93 percent.
In the normal trading board, the CRDB counter had 36,620 shares traded at weighted average price of Sh220 per share in 12 deals. The NMB counter had nine shares traded at Sh2,240 per share in two deals.
Other active counters were the DCB Commercial Bank, which had 10 shares traded at Sh240 each; self-listed DSE, which traded 2,650 shares at Sh1,100 per share in three deals, and the relatively new JATU counter which traded 1,035 shares at Sh1,500 per share in 17 deals.
Tanga Cement traded two shares in a single deal at Sh400 per share while Vodacom counter traded 180 shares at Sh740 per share in four deals.
Mucoba Bank traded ten shares at Sh400. Nicol traded 10,000 shares at Sh200 per share in three deals.
Investors also showed active participation in the bonds segment of the market as the bourse recorded a total turnover of Sh11.2 billion from Treasury bonds traded in 11 deals.
A seven-year bond with a coupon rate of 10.08 percent and a face value of Sh4.50 billion was traded in a single deal, while a 10-year bond with a coupon rate of 11.44 percent and a face value of Sh5.1 billion was traded in three deals.
The market also traded a 15-year bond with a coupon rate of 13.5 percent and a face value of Sh420 million in two deals, while a 20-year bond with a coupon rate of 15.49 percent and a face value of Sh400 million was traded in five deals.
