Market activities at the Dar es Salaam Stock Exchange (DSE) nose-dived during last week’s five-day trading session posting a total turnover of 268.4m/- being a 47.2 percent fall as compared to 508.3m/- recorded the previous week.
The bearish mode continued to persist at the DSE market with market activities slumping during the month of October that ends on Monday next week.
Available data indicates that the Tanzania share index (TSI) closed at 3,847.50 points decreased by 0.07 per cent while the All Share Index (DSEI) increased by 0.08 per cent to close at 1,880.23 points.
The total market capitalization went up by 0.08 per cent to 15,67bn/- while Domestic market capitalization went down by 0.07% closing at 10,17bn/-
Top trading counters during the week were CRDB and NMB dominating the overall market turnover figure by 69.7 per cent and 10.24 per cent respectively.
Price movement was recorded on three domestic traded SWISS depreciating the most as its stock fell 9.78 per cent to close at TZS 1,660/- per share while Maendeleo Bank(MBP) lost 5.6 per cent of its value closing the week at 420/- per share and DCB lost 3.13 per cent of its value closing the week at 155/- per share.