DSE turnover weakens by 54 pc


DAR ES SALAAM Stock Exchange (DSE) turnover weakened by 54 percent to 1.55bn/- last week from 3.34bn/- of the preceding period with the Tanzania Cigarette Company (TCC) emerging top trading equity by 90 percent of the market share.

According to Zan Securities Limited weekly wrap-ups, top gainer for the week was Vodacom (VODA) ticker that appreciated in value by 10.39 percent to close at 850/- per share.

Top losers for the period under review were Tanzania Cement Company Limited (TCCL) that depreciated by 11.76 percent to close at 1,200/-per share while Swissport declined in value by 8.36 percent to 3,500/-per share.

Total market capitalisation increased 2.12 percent, closing the week at 20.79tri/-while domestic market capitalisation increased by 1.91 percent to 9.93tri/-.

Comparatively, key benchmark indices were in the green territory during the week under review where the Tanzania Share Index (TSI) capped at 3,814.01 points, 1.91 percent higher than the preceding week.

The All Share Index (DSEI) closed at 2,161.67 points, 2.12 percent higher than last period. Similarly, the three sector indices were in the green and red territory with the Industrial and Allied Index closing the week at 5,161.02 points, up by 0.33 percent.

Banks, Finance and Investment Index closed at 2,514.27 points down by 0.03 percent while commercial services sector index went up by 8.59 percent and closed at 5,031.05 points.

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