Dar Bourse Records Weaker Performance

NSE chairman James Wangunyu and CEO Chris Mwebesa (left) at a past event at the stock market. Efforts to integrate markets regionally have picked up. Photo/FILE 

THE Dar es Salaam Stock Exchange (DSE) recorded a weaker performance in terms of turnover and activity level last week compared to previous trading session.

Turnover decreased significantly to 2.74bn/- compared to 9.83bn/- recorded in the previous week. And shares traded fell to 1,037,236 shares, 77.61 per cent down compared to last week's 4,631,376 shares.
According to the Tanzania Securities Limited (TSL) weekly market commentary, both indices closed in green. The DSEI closed 0.91 per cent higher at 2,539.15 points while the TSI ended the week at 5,019.47 points 2.7 per cent pulled up by NMB, TCC, Twiga, TBL, Simba, Swissport and DCB counters.
Banking segment Index strengthened 3.22 per cent to close the week at 3,735.99 points on the backdrop of gains posted on the NMB by 4.37 per cent and DCB by 2.04 per cent counters. Similarly, the Industrial and Allied Segment also closed the week higher at 6,590.37 points.
The Banking segment was less active in the period under review compared to the Industrial and Allied Segment. The segment contributed 25 per cent of the total turnover and 73 per cent of the market activity recorded during the week.
CRDB counter was the most active counter on the segment this week after transacting 618,726 shares at a price of 320 per share. NMB had 118,689 shares that exchanged hands during the week at prices of 4,170/-, 4,180/- and closed the week at 4,350/- per share.
Industrial and Allied Sector (IA) The Industrial and Allied Segment posted a higher turnover but a lower volume compared to the Banking segment.
Twiga is still the leading counter this week again after trading 112,753 shares, closing at 3,790/- per share. TBL followed with 87,940 shares transacted at prices of 16,100/- , 16,020/- and 16,070/- per share.
TOL had 58,070 shares that traded during the week, the counter's price remained flat at 480/- per share.