Three local listed stocks dominate market shares at DSE

CRDB Bank, which is listed on the main market, the DSE transacted 9,381,707 shares and closed the week at a price of 250/- per share while MKCB, the third company to be listed on the small market, the Enterprise Growth Market (EGM) transacted 288,062 shares at 1,000/- per share.

The Tanzania Breweries Limited (TBL) was one of the three listed firms that dominated the DSE market share last week by 27.16 per cent. Zan Securities Limited Chief Executive Officer, Mr Raphael Masumbuko, said in the equity markets’ weekly wrap ups that TBL was also top gainer during the week after appreciating in value by 0.76 per cent and trading at 13,200/- per share.

“We remain long term positive on the outlook for the market performance. We expect market turnover in the coming week to be moderate and prices to improve. It is good time for investors turning market volatility to their advantage,” the CEO said in the market report.

However, top loser was the Dar es Salaam Stock Exchange (DSE) depreciating in value by 3.13 per cent and traded at 1,240/- per share. The DSE equity market closed the week with a turnover of 3.82bn/-, equivalent to 28 per cent increase compared to 2.99bn/-posted on the preceding session.

Total market capitalisation increased by 3.53 per cent, closing the week at 21.6tri/-. Domestic market capitalisation also increased by 0.36 per cent, closing the week at 8.16tri/-. Comparatively, key benchmark indices were in the green territory with the Tanzania Share Index (TSI) capping at 3,883.41points, 0.36 per cent higher than the preceding week.

The All Share Index (DSEI) closed at 2,479.23 points, up by 3.51 per cent compared to last week. Similarly, the three sector indices were in the green and red territory with the Industrial and Allied closing at 5,011.45 points, 0.52 per cent compared to last week.

SOURCE: DAILY NEWS

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