94 million shares transacted at Dar bourse in H1, 2022, new report shows

The Dar es Salaam Stock Exchange (DSE) recorded an equity turnover of 75bn/-($32.4 million) during the first half of this year being a 42 per cent increased as compared to 52.78bn/- ($22.79Mln) recorded during the similar period last year.

According to available data from the DSE, the number of shares transacted during the first half of the year improved from 68 million shares recorded during the first half of 2021 to 94 million shares transacted during six-month period of 2022.

According to the Orbit Securities Half Year Performance Report for 2O22, domestic equities during the first six-month period performed better than the cross-listed equities.

“As a result, the domestic Index went up per cent representing the growth in the domestic market cap (TSI), which closed the period at 10.39trn/-  ($4.49Bln),” the report said.

The  All-Share Index (DSEI) slipped by about 5.3 per cent in the half year while the total DSE market capitalization closed at 15.63bn/-($6.75Bln) down from 16.5trn/- ($7.12Bln) reported during the previous similar period.

On the domestic counters, bank stocks outperformed the market greatly, with investors making double digits returns on the stocks just for the six months period.

NMB was the top performer, making a 56 per cent capital gain from 2,000/- per share at the beginning of the year to 3,120/- per share at end of June, 2022.

DSE and CRDB also lined up as top performers both recording 54 and 42 percent capital gain for the period.

During the first half of this year, CRDB emerged the top mover accounting for about 30% of all market activities for the period by generating 22.6bn/- ($9.7Mln) turnover.