Business dwindles by 36 pc on Dar stock market

DAILY NEWS Reporter

DAR ES SALAAM Stock Exchange's (DSE) market turnover for April decreased by 36 per cent to 11.49bn/- from the 17.98bn/- posted in the preceding month.

According to Zan Securities monthly report, top traded equities that dominated the market share were Tanzania Breweries Company (TBL) with 57.23 percent, Tanzania Cigarette Company (TCC) with 17.66 percent, National Microfinance Bank (NMB) with 11.21 percent and CRDB Bank PLC with 9.21 percent.

Top gainers in the month regarding share price appreciation were Tanga Portland Cement Company (TPCC) which appreciated by 3.45 percent to close at 2,700/-, NMB's 2.50 percent to 2,050/- and TBL that appreciated by 1.52 percent, closing at 14,000/-.

However, Swissport (SWISS), TOL Gasses Ltd (TOL), TCC and Tanga Cement Company Ltd (TCCL) emerged as April's top losers with the highest depreciation.

SWISS share price depreciated by 6.71 percent to close the month at 6,810/- per share, while TOL, TCC and TCCL depreciated by 1.72 percent closing at 855/- per share, 0.99 percent closing at 12,000/- per share, and 0.54 percent closing at 1,850/- per share, respectively.

Total market capitalization increased by 5.19 per cent, closing the month under review at 22.41tri/- while Domestic market capitalization increased by 0.55 per cent to 8.52tri/-. Comparatively, key benchmark indices were in the green territory to close off April.

The Tanzania Share Index (TSI) capped at 3,992.77points, higher by 0.52 per cent compared with 3,972.06 points posted in March. The All Share Index (DSEI) closed at 2,559.31 points, up by 5.23 per cent compared with the previous month, closing at 2,432.04 points. Similarly, the three sector indices closed off the month of April in the green and red territory.

Industrial and Allied closed at 5,314.70 points up by 0.65 per cent compared to previous month's 5,280.21 points. Banks, Finance and Investment Index experienced an increase, closing at 2,671.87 points up by 1.08 per cent compared to previous month's 2,643.20 points.

Commercial Services Sector experienced a 5.22 per cent decrease to close off the month of April at 3,727.22 points compared to last month's closing at 3,932.32 points.