DSE on positive trend

DAILY NEWS Reporter

THE Dar es Salaam Stock Exchange (DSE) has continued with a positive streak after posting a turnover of 18.55bn/- , equivalent to a 97 percent increase compared to 9.39 last week.

According to Zan Securities Limited Weekly Wrap-Ups, the top trading equities that dominated the market share were the Tanga Portland Cement Company (TPCC), Tanzania Cigarette Company (TCC), CRDB Bank PLC and Tanzania Breweries Company (TBL).

TPCC controlled 48 percent of the market share, followed by TCC, CRDB and TBL with 37.64 percent, 5.22 percent and 4.94 percent, respectively.

However, CRDB and TCCL emerged as the week’s top losers due to price depreciation by 4.11 percent (350/-) per share and 3.75 percent (1,540/-) per share respectively.

Total market capitalisation decreased by 1.32 per cent, closing the week at 21.34 tri/- while Domestic market capitalisation decreased by 1.05 per cent to 8.16tri/-. Comparatively, key benchmark indices were in the red territory with the Tanzania Share Index (TSI) capped at 3,821.91points, decreased by1.03 percent compared with 3,861.74 points recorded last week.

The All Share Index (DSEI) closed at 2,436.68points, down by 1.29 percent compared with last weeks closing at 2,468.53 points. Similarly, the three sector indices also ended the week in the red territory with the Industrial & Allied to close at 5,181.44 points down by 0.62 percent compared to previous week at 5,213.60 points.

Banks, Finance and Investment Index experienced a decrease, closing at 2,412.70 points down by 2.30 percent compared to last weeks 2,469 points. Commercial Services Sector closed at 3,643.49, down by 1.02 percent compared to last weeks 3,681.17 points.