• About Us
  • Contact
Saturday, April 1, 2023
No Result
View All Result
NEWSLETTER
The Business Wiz
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
No Result
View All Result
The Business Wiz
No Result
View All Result
Home Markets

DSE equity turnover slumps by 80 pct to 947.2m/-

by Editor
13/06/2022
in Markets
0
DSE equity turnover slumps by 80 pct to 947.2m/-
Share on FacebookShare on Twitter

The Dar es Salaam Stock Exchange (DSE) equity market last week slumped to 947.2m/-from 5.92bn/- recorded the previous week.

A stock broker at the Dar es Salaam Stock Exchange (DSE). Photo courtesy of the internet.

According to DSE data, TBL dominated the week’s trading market share by 46.41 per cent followed by NMB that accounted for 17.2 per cent, TPCC at 8.7 per cent and CRDB that accounted for 5.2 per cent of the market share.

Price movement was recorded on eight domestic traded equities last week with TPCC/Twiga emerging week’s top gainer with its share price increasing by 9.47 per cent to end the week at 3,700/- per share, followed by Swissport whose share price rose by 5.77 per cent to close at 1,100/- per share.

The DCB share price also rose by 2.63 per cent to close at 195/- per share while the self-listed DSE share price also increased by 2.06 per cent to ended the week at 1,980/- per share.

The CRDB share price on the other hand depreciated 4.76 per cent to close at 400/- per share while the TCCL/Simba share price also declined by 3.70 per cent to close at 1,560/- per share.

The Jatu share price also dropped by 2.78 per cent to close at 350/- per share while the NMB share price also dropped by 1.99 per cent to close at 2,960/- per share.

Total market capitalization went down by 1.13 per cent to 15.5bn/- while the Domestic market capitalization also went down by 1.10 percent closing at T10.3bn/-.

The Tanzania share index (TSI) closed at 3,898.79 points after decreasing by 1.10 per cent while the All Share Index (DSEI) also decreased by 1.13 per cent to close at 1,869.53 points.

According to the Zan Securities  Chief Executive Officer Raphael Masumbuko,”stocks will slightly register a downside albeit this fall in price not due to company fundamentals or the general outlook of the equity market, rather a reflection of ex-dividend period that the market is currently in,”

Masumbuko noted that already counters such as CRDB, TPCC and NMB have registered a slight fall in price of -5%, -5% and -2% respectively.

“However, we are going to see a slight upside post ex-div, subject of course to each companies results for quarter 2, 2022,” he added.

Editor

Editor

Next Post
Shanta inks $20m Stanbic loan, lifts New Luika production by 45 pct

Shanta inks $20m Stanbic loan, lifts New Luika production by 45 pct

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Exchange Rate

Exchange Rate USD: Sat, 1 Apr.

Recommended

Tanzania, U.S. EXIM to ink $500 million MoU to facilitate export financing

Tanzania, U.S. EXIM to ink $500 million MoU to facilitate export financing

21 hours ago
Private sector credit up 23.1% in January on supportive monetary and fiscal policies

Private sector credit up 23.1% in January on supportive monetary and fiscal policies

4 weeks ago

Popular News

    News

    Get latest news from us.


    SUBSCRIBE

    Category

    • Agriculture
    • Aviation
    • Banking
    • Commodities
    • Construction
    • CSR
    • Currency
    • Economic
    • Energy
    • Featured News
    • Financial Services
    • Information Technology
    • Infrastructure
    • Investment
    • Jobs
    • Manufacturing
    • Markets
    • Mining
    • Others
    • Q&A Interviews
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation

    About us

    The Business Wiz (TBW) is Tanzania’s premier one-stop online platform providing in-depth, accurate and timely business news, analysis, commentary and online business information portals and research.

    • About Us
    • Contact

    © 2022 The Business Wiz

    No Result
    View All Result
    • Home
    • Featured News
    • Economic
      • Currency
    • Investment
    • Markets
      • Stock Market
    • Sectors
      • Agriculture
      • Commodities
        • Markets
      • Construction
      • Energy
      • Financial Services
      • Information Technology
      • Infrastructure
      • Manufacturing
      • Markets
      • Mining
      • Real estate
      • Telecomunication
      • Tourism
      • Transportation

    © 2022 The Business Wiz

    en English
    ar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanit Italianru Russianes Spanishsw Swahili