THE Dar es Salaam Stock Exchange (DSE) share indices opened the week in
green, following the increase of three local and one cross listed firms shares prices, with foreign investors appearing through purchasing shares valued 4.3m/-.According to the daily market report, the Tanzania Share Index (TSI) closed at 4,490.47 points on Monday, after gaining by 10.93 points compared to the closing day of last week, while all share index (DSEI) closed at 2,067.98 points, an increase of 16.99 points.
The Bank, Finance & Investment Index (BI), which has been the main driver of both local and all share indices, elevated by 36.22 points, after closing at 5,196.28 points, while the Industrial & Allied Index (IA) remained unchanged.
The improvement of three share indices resulted from appreciation of share prices in four counters including CRDB Bank, self-listed DSE, East African Breweries Limited (EABL) and KCB Bank.
Top gainers was self-listed DSE counter after appreciating by 8.6 percent to 2,020/-, followed by KCB counter, whose share price closed at 720/- an increase of 4.35 percent.
CRDB counter followed after share price slightly appreciated to 510 after climbing up by 2 percent, while the EABL counter, which is the third largest listed company on DSE, saw its share price rising by 0.98 percent to close at 3,080/-.
The increase of share price has also boosted the total market capitalization to 17.2trn/- compared to 17.1trn/- recorded during the end of last week, and the domestic market capitalization which increased to 11.89trn/- compared to 11.86trn/- respectively.
Market analysts comment that there is a keen interest in the financial stocks and prospects show further growth in coming weeks, after local banks announced fattened dividends for the financial year ended in December 2023.
In its AGM held recently in Arusha, CRDB shareholders approved a dividend of 50/- per share for 2023, while NMB has proposed a dividend of 361.18/- per share.
The daily market report shows that a total turnover of 165.77m/- was recorded, following the transaction of 224,954 shares traded in 212 deals.
All shares were sold by local investors by 100 percent, but were bought by a combination of both foreign with2.61 percent of total value and local investors with 97.36 percent of total value of shares that were bought.
Top movers were CRDB counter, which recorded the transaction of 171,824 shares valued 87.7m/- traded at a price ranging from 500/- to 520/- per share in 112 deals, followed by NICO counter, which transacted 31,127 shares valued 24.7m/- traded at a price ranging from 780/- to 800/- per share in 42 deals.
NMB counter, which recorded the largest transaction valued 4.9bn/- last week, through trading 957,985 shares, of which 850,000 were traded through block trade, transacted 7,582 shares valued 39.5m/- traded at a weighted average price of 5,250/- per share in eight deals.
Other active counters during the opening day of the week were DCB, which its share slightly declined, self-listed DSE, TCCIA Investment Limited, Vodacom, Tatepa, TOL Gases, Tanzania Portland Cement, Maendeleo Bank, Mkombozi Commercial Bank and Tanga Cement.
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