Banking counters dominate DSE trading on week’s opening

Photo: File

Stock brokers at work.

By Guardian Reporter , The Guardian

BANKING counter dominated the Dar es Salaam Stock Exchange (DSE) activities during the opening day of the week, with share indices ended up in downward trend.

The daily market report shows that all Share Index (DSEI), Tanzania Share Index (TSI) and Banks, Finance & Investment declined by 0.93 points, 0.36 points and 1.21 points respectively.

Top mover was CRDB counter, which recorded the transactions of 351,603 shares, valued 178.6m/- traded through normal market board at a weighted average price of 510/- per share in 181 deals.

NMB counter emerged as second top mover, after recorded the transactions of 25,693 shares valued 136.2m/-, traded through normal trade at a weighted average price of 5,325/- per share in eleven deals.

Other banking counters which recorded trading activities during the opening day of the week were DCB, which transacted 1,780 shares valued 195,800/-, followed by Maendeleo Bank (MBP), which transacted 10 shares valued 3,000/- and Mkombozi Commercial Bank (MKCB) counter which trasacted 1,122shares valued 0.6m/-.

Apart from banking sector, TCCIA Investment Limited (TICL) was third top mover, after recording the transaction of 14,129 shares valued 2.6m/- traded at a price ranging from 185/- to 190/- per share in 30 deals.

The market report shows a total turnover of 324 was recorded during the opening day of the week, through the transaction of 400,510 shares traded in 290 deals. 

Local investors dominated the activities as they accounted for 100 percent of total value of shares bought and 99.87 percent of the value of total shares sold.

Other non-banking active counters were self-listed DSE, Precision Air (PAL), Tanzania Cigarette Company (TCC), Tanzania Portland Cement Company (TPCC), Tanzania Tea Packaging (Tatepa) and Vodacom Tanzania.

Top gainer of the day was cross listed East African Breweries Limited (EABL), which its share slightly increased by 1.31 percent to 3,100/-, compared to 3,060/- recorded during the closing day of the last week.

Four counters including Jubilee Holdings Limited (JHL), Kenya Commercial Bank (KBC), Mkombozi Commercial Bank (MKCB) and TCCIA Investment Limited (TICL) saw their share declining at the opening of the week.

On government bonds board, a 20-year bond with a coupon rate of 12.10 percent and a face value of 0.01bn/- was traded at 85.06 percent in one deal, while a 20-year bond with coupon rate of 15.49 percent and face value of 0.15bn/- was traded at prices of 100 percent, 100.38 percent, 104 percent, 105.49 percent and 106.022 percent in six deals.

The market also traded a 25-year bond with a coupon rate of 12.56 percent ad a face value of 0.03bn/- at 90.145 percent in one deal, while a 25-years bond with coupon rate of 15.95 percent and a face value of 2.05bn/- was traded at prices ranging from 102 percent and 112 percent in four deals.