DAR ES SALAAM Stock Exchange (DSE) registered significant growth in term of liquidity and prices performance especially for domestic listed companies in the quarter ending June.
The DSE Chief Executive Officer, Moremi
Marwa, said in a Quarterly Note Q2-2017 that the second quarter of this
year stood as the best in comparison to the previous three quarters
since mid-last year.
He said the quarter has seen the most
positive activities especially for domestic listed companies in relative
term. “Market depth — measured by market capitalization — from domestic
listed companies and liquidity (trading turnover) increased during the
quarter that ended June compared to the quarter ended March,” said Mr
Marwa in the CEO Note.
Domestic market capitalisation increased
by 3.3 per cent to close the quarter at 7.76tri/- from 7.51tri/- at end
of Q1. “This was a result of increased investors’ appetite mainly on
four counters: TBL, TCC, CRDB and DSE.
“As a result there were price increases
on DSE whose price increased by 13 per cent and TBL that increased by 12
per cent,” he said through the note that was released yesterday.
Market liquidity also recorded a
significant increase during the quarter. Trading turnover increased by
55 per cent, from the transaction value of 75bn/- in Q1 to 117bn/-
during Q2.
The TSI, the index that tracks domestic
listed companies, also increased by 3.3 per cent from 3,572.68 points as
of end March to 3,692.03 points as of end June.
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