DSE turnover increases

DAILY NEWS Reporter

THE Dar es Salaam Stock Exchange (DSE) total turnover continued to impress after registering 65.44bn/- last week, equivalent to 88 per cent increase compared to 34.85bn/- of the preceding period. During the week under review, the Tanzania Breweries Ltd (TBL) was top traded equity contributing about 98.97per cent of the total turnover.

According to Zan Securities Limited Weekly Wrap-Ups, the Tanzania Portland Cement (TPCC) emerged as the top loser closing with the largest price drop for local listed companies.

The TCC experienced a 330/- or 9.09 per cent price decrease to close at 16,100/- per share. Total market capitalisation experienced a decrease by 0.55 per cent compared to last week, closing at 20.67tri/-.

Domestic market capitalisation experienced a decrease by 0.34 per cent closing the week at 9.75tri/-. Comparatively, key benchmark indices were in the red territory with the Tanzania Share Index (TSI) capped at 4,582.52points, lower by 0.35 per cent compared with 4,598.47 points posted last week.

The All Share Index (DSEI) closed at 2,356.16 points, lower by 0.55 percent compared with last week closing at 2,369.30 points. Three sector indices closed both in green and red territory as well with the Industrial and Allied experiencing a decrease to close at 6,041.27points down by 0.69 percent compared to previous week closing at 6,083.20 points.

Banks, Finance and Investment Index experienced an increased by 0.54 percent to close at 3,186.89 points compared to last weeks closing at 3,169.66 points. Commercial Services Sector experienced an increase by 0.11 percent closing at 3,957.44 points compared 3,953.25 points recorded on the preceding week.

The expectation if for the equities performance to trend northwards on both turnover and prices especially from Industrial and allied sector and Banks, Finance and Investment sectors because of anticipated investors increase in enhancing portfolio positions.