Monday, February 1, 2016

TBL maintains lead in DSE trading

THREE counters dominated market turnover at the Dar es Salaam Stock Exchange (DSE) last week by 93.6 per cent.
According to Zan Securities Weekly Wrap-ups, three counters are namely the Tanzania Breweries Ltd (TBL) by 84.35 per cent, Tanga Cement Company Ltd (TCCL) by 4.80 per cent and CRDB Bank by 4.45 per cent.

During the week under review the Tanzania Cigarette Company (TCC) emerged as the top gainer within local listed companies.
TCC stock price appreciated by 510 /- or 4.25 per cent, closing the week at 2,1251 per share. TCCL emerged as the top loser with stock price depreciating by 15.91 per cent or 420/- to close this week off at 2,220/- per share.
Total market capitalization increased by 1.74 per cent compared to last week, closing at 20.10tri/-. Domestic market capitalization experienced a decrease by 0.02 per cent closing this week at 9.08tri/-.
Comparatively, key benchmark indices were in both the green and red territory to close off the week. The Tanzania Share Index (TSI) capped at 4,263.44 points, lower by 0.02 per cent compared with 4,264.25 points posted last week.
The All Share Index (DSEI) closed at 2,291.12 points, up by 1.78 per cent compared with last week closing at 2,2251.08 points. Similarly, the three sector indices closed off this week in both the green and red territory.
Industrial and Allied experienced a decrease, closing at 5,681.80 points up by 0.39 per cent compared to previous week closing at 5,650.79 points. Banks, Finance and Investment Index experienced a decrease by 0.67 per cent to close at 2,867.05 points compared to last week closing at 2,886.34 points.
Commercial Services Sector also experienced a decrease by 3.44 per cent to close the week off at 3,764.89 points compared to last week closing at 3,898.83 points.
The equities performance is expected to bring in new market perception as Banks, Finance and Investment sector (NMB, CRDB and DCB) released results for the last quarter

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