Market activities on the Dar es Salaam Stock Exchange (DSE) demonstrated a consistent upward trend for the third consecutive week during last week’s trading session posting a total turnover of 4.9bn/- marking a notable increase of 23.6% compared to the previous week.
The overall market exhibited a bullish sentiment, resulting in growth in both the total market capitalization and the domestic market capitalization.
According to available data from the DSE, the total market capitalization rose by 0.12% to 15.16bn/ while the domestic market capitalization increased by 0.01%, reaching 10.93bn/- by the end of the week.
The All Share Index (DSEI) closed at 1,819.11 points increasing by 0.12% while the Tanzania Share Index (TSI) closed at 4,133.41 points increasing by 0.01%
The top trading counters for the week were TBL, TPCC, and CRDB, dominating the market with 96.61%, 1.49%, and 0.76% of the total market turnover, respectively.
Notably, a pre-arranged deal involving 790,000 TBL shares was executed at an average price of 6,000/- per share, significantly contributing to the overall turnover for the week.
During the week, two counters experienced price gains with self-listed DSE leading the gainers pack with a notable increase of 5.56%, closing at 1,900/- per share.
TPCC/TWIGA also observed a gain of 0.49% per share, finishing the week at 4,120 /-per share.
On the losing side, SWISS witnessed a decline of 8.54% in share price, primarily occurring the day after its AGM closing the week at 1,500/- per share.