Market activities on the Dar es Salaam Stock Exchange (DSE) declined by 81.23% during the trading session last week posting a total turnover of 921.1m/- as compared to 4.9bn/- recorded the previous session.
The overall market exhibited a mixed sentiments, resulting in growth in the total market capitalization and slightly fall in the domestic market capitalization.
According to available data from the DSE, total market capitalization rose by 0.16% to 15.19bn/- while the domestic market capitalization decreased by 0.31%, reaching 10.901bn/- by the end of the week.
The All Share Index (DSEI) closed at 1,821.99 points increasing by 0.16% while the Tanzania Share Index (TSI) closed at 4,120.50 points decreasing by 0.31%.
The top trading counters for the week were TCC, CRDB, and NMB, dominating the market with 51.03%, 17.88%, and 13.90% of the total market turnover, respectively.
Notably, pre-arranged deals involving 78,340 TCC shares were 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 NMB leading the gainers with a notable increase of 4.6%, closing at 3,640/- per share.
SWISS also observed a gain of 2.67% per share, finishing the week at 1,540/- per share.
On the losing side, TCCL backtracked by 9.47% ending the week at 1,720/- per share while the CRDB stock continued to decline as its shares trade ex-div falling by 8% to reach 460/- per share.
DCB in the same direction lost 2.7% closing the week off at 180/- per share.
