DSE turnover surges three-time

CARINE SENGUJI

DAR ES SALAAM Stock Exchange (DSE) market activities have slightly gone up three times from 4.0bn/- to 12.5bn/- for the week ended last Friday.

DSE, Senior Marketing Officer, Mary Kinabo said yesterday the turnover was pushed up by three firms namely CRDB Bank, TBL and Mkombozi Commercial Bank (MKCB) counters.

“CRBD led the show by controlling 77 per cent of total share exchange hands. It was followed by TBL with 22 per cent, and MKCB 0.29 per cent,” Ms Kinabo said. The number of shares that exchanged hands also increased nearly 4 times from 14m/- shares to 46 m/- shares in the last seven days.

However, the bourse market capitalization decreased by slightly over half a trillion shilling to 17.9 tri/- from 18.5 tri/- at the end of last week. Ms Kinabo attributed the market cap decrease to plummeting of Acacia Mining share that went down by 31 per cent to close the week at 5,100/- from 7,430/-.

On the other hand market cap for domestic listed firms from 7.7tri/- to 7.71tri/- at end of last Friday thanks to CRDB share price that climbed up 2.0 per cent from 205/- to 210/-.

DSE Index went down 68 points from 2,134 points to 2,066 points, mainly affected by Acacia share price tumbling. While, Tanzania Share Index— tracking performance of domestic listed firm—jumped up 6.0 points from 3,664 points to 3,670 points pushed up by CRDB share price increase of 2.0 per cent.

On bond market sale nose-dived to 1.4bn/- from 35.2bn/- at the end of last Friday.