DSE maintains bullish trend

DAILY NEWS Reporter

THE Dar es Salaam Stock Exchange (DSE) has registered substantial improvement in turnover after posting 1.33 per cent increment to 9.06bn/-from 3.87bn/-of the previous market session.

Similarly, the market activity levels were also up with shares traded rose to 1,079,935 from last week trading session of 724,586 shares. According to the Tanzania Securities Limited weekly market commentary, the bourses experienced a huge upward swing in turnover and activities during the week, with NMB, CRDB, TBL and DSE counters being more active.

The Banking segment transacted lower volume of shares and turnover accounting for 17 per cent of the total volume traded and 1 per cent of the market value. CRDB counter was the most active on the banking segment after transacting 121,660 shares to close at a price of 290/- per share.

Mkombozi Bank had 520 shares that transacted at a price of 1,000/- per share while DCB traded 482 shares at a price of 430/- per share.

There were no activities on YETU, MUCOBA and MCB counters. The industrial and allied Segment moved significant volume of shares and turnover with TBL recording upward trend transactions of 588,139 shares to close at 12,990/- per share.

Swissport followed with 178,990 shares to close at a price of 6,370/- per share. TOL transacted 98,491 shares with its price remaining stable at 800/- per share while Twiga counter traded 27,154 shares at 2,290/- per share. TCC transacted 1,682 shares at a price of 11,740/- per share.

No activities shown on the Simba, Swala, PAL and TTP. The Tanzania Share Index (TSI) went up by 0.56 per cent to land at 3,906.73 points mainly due to gains made on the DSE counter.

Similarly, the Dar es Salaam Stock Exchange All Share Index (DSEI) went up by 2.35 per cent to close at 2,445.13 points. DSE had 54,420 shares transacted at a price of 1,210 per share. NMB traded 8,397 shares to close at 2,750/- per share.

The banking segment Index strengthened to settle at 2,905.81 points, which is 2.48 per cent increment from the previous week of 2,835.52 points. However, the Industrial and Allied Index went down by 0.16 per cent to 4,962.68 points from last week’s 4,970.46 points.