Dar Es Salaam Stock Exchange Domestic Market Capitalization Grew 64% In Q1 2015

According to the Dar Es Salaam Stock Exchange (DSE) CEO’s Quarterly Note for Q1 2015 recently released, year-on-year growth in domestic market capitalization and indices was at 64%, and at 36% for the total market capitalization and indices.

On the same period, Q1 2015 quarter’s turnover was almost 7 times compared to Q1 2014, where turnover was TZS 42 billion.

On a quarterly basis, the domestic market capitalization increased from TZS 9.9 trillion as of end of December 2014 to TZS 10.2 trillion as of 31st March 2015.

During the same period the total market capitalization also increased from TZS 22.3 trillion to TZS 22.7 trillion.

Once again for the seventh consecutive quarters, DSE was ranked as one of the Exchanges in Africa that delivers high returns to investors on its listed stocks.

The strong performance of the total market indices and total market capitalization, was a result of good fundamental performance of the underlying companies, relatively good dividend payments and positive sentiments and outlook by investors, DSE note indicates.