Dar es Salaam Stock Exchange Trading Increases

According to Tanzania Securities Limited’s market commentary for the period 26 to 30 November 2012, the weekly turnover at the Dar es Salaam Stock Exchange (DSE) stood at TZS 4,665 Million (USD 2.9 Million) which corresponds to a 44% increase in comparison to the previous week of TZS 3,239 million (USD 2 Million).

Activity levels also slightly improved with 2,937,213 shares traded (27% increase).

All exchanges Indexes closed the week positively: the Tanzania Share Index (TSI) settled at 1362.40 points, (equivalent to 0.63% increase) while the Dar es Salaam Stock Exchange All Share Index (DSEI) showed a mild increase of 0.14% closing at 1,474.59.

The Banking Segment Index grew by 0.65% reaching 1,087.81. This was led by CRDB Bank share price increase of 6.38%.

Likewise the Industrial Sector Index increased thanks to TOL Gases, TCC and Twiga.

Tanzania Securities Limited expects the market to maintain a moderate to high activity levels towards the end of the year, with local investors continuing to hold on TBL, Twiga, Swissport and TOL, while foreign trades to remain active on counters such as NMB, CRDB and TBL.

Dar es Salaam Stock Exchange currently lists 17 companies, with the banking sector accounting 36% of the week’s total volume traded and 64% of the market value.

The Industrial and Allied segment contributed to 98% of the total weekly shares exchanged hands and 96% of the total turnover.