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Saturday, May 11, 2024

Stocks market records 7.5bn/- turnover in four days

Stock Market Records

Photo: Courtesy of Stock Market
Stock Market Records

By Guardian Reporter , The Guardian

The Dar es Salaam Stock Exchange (DSE) recorded a turnover of 7.5bn/- during the first four days of this week, which was is equivalent to a third of total turnover which has been recorded since the start of this quarter.

The amounts recorded involved the transactions of 11.3 million shares traded in 935 deals, of which CRDB counter emerged the top mover by transacting 9.5 million shares.

On Monday, the daily report shows a total turnover of 1.06bn/- was recorded following the transactions of 1.8 million shares traded in 286 deals.

CRDB counter was top mover during the opening day of the week, after transacting 1.7 million shares valued  986m/-, of which 1.12 million were transacted through pre-arranged block trade.

The second mover during the day was Tanzania Portland Cement Company (TPCC) counter, which recorded the transactions of 14,236 shares valued 61m/- traded in 17 deals.

Local investors dominated the activities during the day, while foreign investors participated in buying shares valued 0.68m/-, which was 0.06 percent of total value of shares bought.

On Tuesday, a total turnover of 5.19bn/- was recorded, following the transaction of 8.9 million shares in 209 deals.

CRDB counter also emerged the top mover after recording transactions of 7.8 million shares valued 4.4bn/-, of which 7.6 shares were transacted through pre-arranged block trade.

The second mover of the day was TOL Gases (TOL) counter, which recorded a transaction of 1.03 million shares traded through pre-arranged block trade market.

Foreign investors participated the activity by buying shares valued 773.3m/-, which accounted for 14.88 percent of total value of shares bought. All shares during the day were sold by local investors.

The Wednesday’s market report shows that during the day, a total turnover of1.14bn/- was recorded through the transaction of 0.54 million shares traded in 286 deals.

Tanzania Portland Cement Company (TPCC) emerged the top mover, after recording the transactions of 217,376 shares valued 938m/- in 11 deals of which 208,931 shares were traded through pre-arranged block trade.

CRDB counter was top mover, after recording the transaction of 275,757 shares valued 154m/- traded in 168 deals.

On Thursday, the DSE market report shows a total turnover of 116.7m/- was recorded, following the transactions of 77,208 shares traded in 154 deals.

During the day, the report shows CRDB counter was top mover after recording the transactions of 35,356 shares valued 19m/- traded in 154 deals at a weighted average price of 540/- per shares.

Other active counters during the day were NICO which recorded transaction of 16,777 shares valued 12.8m/- traded in 19 deals at a weighted average price of 770/- per share ad NMB counter, which recorded a turnover of 31m/- after transacting 6,472 shares in six deals at a price of 4,800/- per share.

TPCC counter recorded the transaction of 12,132 shares valued 52m/- traded in 12 deals at a price of 4,300/- per share.

The market reports show since the start of the quarter to May 9, 2024, local investors dominated the activities by accounting for 82.55 percent of total value of shares sold and 93.93 percent of the value of shares bought.

Foreign investors have so far bought shares valued 1.29bn/-  and sold shares valued 3.68bn/-.

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