The domestic equity market closed last week’s trading session on a positive note after posting total equity turnover of 7.46bn/- from 3.926bn/- being a 90 per cent increase compared to the preceding week.
The stellar performance was attributed to pre-arranged block trades from NMB, TCC, TPCC and SWISS.
According to data from the Dar es Salaam Stock Exchange (DSE), The Tanzania share index (TSI) closed at 3,914.41 points increasing by 0.6 per cent while the All Share Index (DSEI) increased by 0.53 per cent to close at 1,904.91 points.
Total market capitalization also went up by 0.53 per cent to 15.87bn/- while the Domestic market capitalization went up by 0.6 per cent closing at 10.34bn/-
TPCC/Twiga dominated the overall market turnover figure accounting for 57.04 per cent of the week’s trade with NMB, SWISS, TCC accounting for 13.7 per cent, 11.6 per cent and 10.6 per cent respectively.
Price movement was recorded on seven domestic traded equities during the week with the TOL stock appreciating the most, registering a 7.69 per cent increase closing the week at 700/- per share.
The NMB stock rose by 3.57 per cent closing the week at 2,900/- per share while the CRDB stock appreciated by 1.25 per cent closing the week at 405/- per share while The TPCC/Twiga registered a 1.05 per cent gain closing the week at 3,860/- per share.
The TCCL/Simba counter on the other side had a slight sell-off during the week depreciating by 1.39 per cent to close at 1,520/- per share while the DSE counter ended its bullish run after loosing 8.26 per cent of its value closing the week at 2,000/- per share.
The NICO stock however took the opposite direction depreciating by 1.39 per cent to close at 355/-per share during last week’s trading session.