Dar es Salaam — The
Dar es Salaam Stock Exchange's total market capitalisation increased by...
Sh121.25 billion last week, compared with the previous week, following
appreciation of share prices at some cross-listed counters.
DSE market reports
indicate that the bourse's total market capitalisation surged to
Sh17,029.96 billion in the week that ended on Friday December 20, 2019,
compared with the Sh16,908.71 billion recorded in the week that ended on
Friday, December 13, 2019.
The increase in
market capitalisation resulted from share prices appreciation for the
East African Breweries Ltd (EABL) - by 1.15 percent, to Sh4,390, from
Sh4,340.
The Kenya Commercial Bank's share price went up by 0.92 percent, to Sh1,200 from Sh1,160 in the period under review.
There were no price
movements recorded by local counters. Hence, the domestic market
capitalisation remained at Sh9,010.58 billion, same as the previous
week.
However, Zan
Securities' weekly market turnover showed that the equities market
turnover declined by 20 percent, to Sh3.23 billion against the previous
week's Sh4.03 billion.
According to the
wrap-ups, Tanzania Breweries Ltd (TBL) was the top mover - with 87.87
percent of the total market turnover - followed by CRDB Bank, with 11.46
percent.
Other active
counters last week were the DCB Commercial Bank (DCB), DSE Plc, Tanzania
Portland Cement Company (TPCC), Vodacom Tanzania, Tanzania Cigarette
Company (TCC) and the National Investment Company Ltd (Nicol).
Reports also say
that 85 percent of the shares that were injected last week were bought
by local investors, the amount equalling Sh2.84 billion of the total
turnover. Foreign investors bought shares worth Sh397.7 million.
"The Equity market
closed in green - thanks to a positive performance from cross-listed
counters. However, the turnover declined, indicating a change in last
weeks' momentum. We remain upbeat in our expectations of positive
performance in the weeks ahead," Zan Securities noted on its outlook
report.
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