DSE turnover remains buoyant.
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THE year-end events like planned
holidays and quarterly tax obligations stock investors did not prevent
the Dar es Salaam bourse from record outstanding weekly market
performance of 19.9bn/-, equivalent to 990.6 per cent higher compared to
1.83bn/- of the previous session.
The Tanzania Securities Limited (TSL)
weekly market commentary shows that the increase in turnover and volume
was mainly supported by TBL counter that accounted for 99.53 per cent of
the total turnover and 67.07 per cent of the week’s volume.
The Dar es Salaam Stock Exchange All
Share Index (DSEI) closed at 1.29 per cent lower at 1,839.27 points
while the Tanzania Share Index (TSI) ended at 2,844.86 points, a 0.01
per cent increase, pulled up by the Swissport counter that gained 20/-
to close at 2,700/-.
According to the Zan Securities Weekly
wrap-ups, a reduction in trading session owing to the independence Day
contributed to the marginal showing of 2 per cent increase of number of
shares that have changed hands from 3,546,951 to 3,604,243.
The Industrial and Allied sector
remained the most active with turnover of 19.34bn/- with major
contribution from TBL by 96.8 per cent while other sector shared
remaining 3 per cent led by banks, finance and investment sector by 2.6
per cent. The TBL counter maintained local support to transact 2,417,352
shares at price of 8,000/- per share.
Most of the major DSEI sector indices
were in stagnant territory, led by gains in commercial services sector
mostly from cross listed shares. The TSL report describes further that
CRDB counter was mainly supported by foreign investors to trade
1,070,007 shares closing the week at 290/- per share.
NMB counter transacted 84,719 shares at price of 2,540/-.