The Dar es Salaam Stock Exchange (DSE) recorded a total turnover of 3.7bn/- during the three days of trading last week, which was higher than 2.5bn/- recorded during the previous week.
The market reports shows CRDB counter recorded the largest valued transactions, after trading a total of 1.2 million shares valued 1.3bn/- at a price ranging from 550/- to 570/- per share.
According to the market report, CRDB Bank counter transacted 950,000 shares through pre-arranged block trade and the remaining shares were traded through normal trade.
Second top mover was Tanzania Breweries Limited (TBL) counter, which transacted 200,000 shares valued 1.1bn/-, traded through a pre-arranged block trade at a discounted price.
Other active counters during the week were TCCIA Investment Compay Limited (TICL), TOL Gases, NICO, Vodacom, Tanzania Portland Cement Company Limited (TPCC), Swissport, NMB Bank, Maendeleo Bank Plc (MBP), DCB, DSE, Tatepa,
Top gainer during the week was NICO counter, which opened the week at a price of 700/- per share, before closing the week at 720/-. The remaining counters saw their share prices opening and closing the week in flat.
Analysts expect the increase of share prices later this month and next month among listed companies, as some are expected to trade cum-dividends, following good performances during the year ended in December 2023.
A total turnover of 4bn/- has so far been recorded since the start of this quarter.
According to the market report, foreign investors participated the trading activities by selling shares valued 2.03bn/- and buying shares valued 135m/- during last week, pushing the values of their participations to 2.67bn/- and 314m/- since the start of the current quarter.
The report shows, since the start of the current quarter, foreign investors are dominating the selling side with 51.15 percent stake of total value of shares sold, while local investors are leading in buying activity, as they account for 91.41 percent of total value of shares bought.
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