By Abduel Elinaza
THE activities of
Dar es Salaam Stock Exchange (DSE) are tipped to increase this week
driven mainly by shares movement of TBL and Twiga Cement.
The analysts have
it that the activities, turnover and volume, are expected to surge this
week as
Covid-19 cases kept on declining, globally.
Tanzania Securities
said yesterday that they anticipate local investors to dominate the
bourse and stock market recovery since the pandemic curve seems to be
flattening globally.
"In the industrial
and allied segment, TPCC [Twiga] and TBL is anticipated to remain active
[this] week," Tanzania Securities said in its weekly market blast.
The brokerage firm said the DSE and CRDB anticipated to maintained their activeness albert with lower volatility.
"... The banking,
finance, and investment segment DSE and CRDB will maintain their
activeness in the market with the lower volatility in their share
prices," Tanzania Securities said.
As the Covid-19
cases keep declining the local investors anticipated to activate the
market performance to be maintained by the active local counters in
terms of volume, turnover, and price movements in the bourse.
DSE turnover,
despite growing by 22 folds to 317.05m/-for a week ending last Friday,
are at the lowest in the recent history of the exchange.
The turnover growth was pushed up by an off-market transaction on the TBL counter.
Orbit Securities
said foreign participation was still minimal accounting for 94.6per cent
of divestments while locals accounted for 99.57 per cent of
investments.
"Foreign investors
sold a block of TBL while local investors bought the block," Orbit said
in its weekly market synopsis yesterday.
The five TBL's
off-market blocks transactions that took place on Thursday, worth
300m/-were enough to make the country's top brewer the top mover of the
week.
It accounted for 95per cent of the total equity turnover realized during the week.
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