Dar equity market down 22 pct during first week of 2023

The Dar es Salaam Stock Exchange (DSE) registered a 22.2 per cent decrease in turnover during the first week of the trading session this year after posting a 2.64bn/- turnover as compared to 3.4bn/- posted the previous week.

According to data from the DSE, the top trading counters during the week were CRDB, TPCC/Twiga Cement and NMB that dominated the overall market turnover figure by 52.61 per cent, 33.1 per cent and 13.6 per cent respectively.

Price movement was recorded on four domestic counters during the week with NMB being the sole gainer for the week registering a week on week price appreciation of 5.3 per cent to close at 3,180/- per share.

Alternatively on the loser’s side TICL endured a sell off dropping by 3.23 per cent to close off at 150/- per share while TPCC lost 2.7 per cent of its value closing off the week at 3,600/- per share.

NICO on the other hand slightly dropped to 320 per share equivalent to 1.54 per cent loss in value.

Data however shows that Total market capitalization went up by 1.15 per cent to 15.86bn/ while the  Domestic market capitalization went up by 0.6 per cent closing at 10.34bn/-

The Tanzania share index (TSI) closed at 3,912.01 points increasing by 0.6% per cent while the All Share Index (DSEI) closed at 1,903.58 points increasing by 1.15 per cent.