Dar bourse posts bullish performance as investor sentiment improves

The Dar es Salaam Stock Exchange (DSE) recorded a total turnover of 1.72bn/- billion, as compared to 6.2bn/- posted during the previous trading session attributed by a number of pre-arranged block trades.

According to data from the DSE, The Tanzania share index (TSI) closed at 3,893.99 points increasing by 0.18 per cent while the All Share Index (DSEI) decreased by 0.10 percent to close at 1,924.97 points.

Total market capitalization went down by 0.1 per cent to 16.042bn/- while Domestic market capitalization went up by 0.18 per cent closing at 10.29bn/- Key benchmark indices

CRDB and TBL dominated the overall market turnover figure accounting for 74.8 per cent and 13.2 per cent respectively.

Price movement was however recorded on six domestic traded equities this with the TOL stock appreciating the most.

The CRDB stock registered a 1.27 per cent upside closing the week at 400/-per share while SWISS also continues its rally appreciating by 1.03 per cent to close at 1,960/- per share.

JATU however continued to endure its misfortunes with its stock depreciating by 3.33 per cent to close at 290/- per share while NICO lost its value by 1.41 per cent closing the week at 350/- per share.

According to the Zan Securities Chief Executive Officer Raphael Masumbuko, while the macro- economic environment has paced positively over the past quarter, there might be a few headwinds as we progress towards September.