The Dar es Salaam Stock Exchange (DSE) nose-dived during the five-day trading session with its turnover falling by 51.8% to 2.28bn/- traded in 3.6 million deals as compared to 4.72bn/- posted the previous week.
The overall sentiment of the market was characterized by negative factors, resulting in a contraction of the total market capitalization and a slight expansion in the domestic market capitalization.
According to available data from the DSE, total market capitalization fell by 1.41%, to 15.07bn/- while the domestic market capitalization experienced a growth of 0.29%, reaching 10.90bn/- at the end of the week.
The All Share Index (DSEI) closed at 1,808.38 points decreasing by 25.93% while the Tanzania Share Index (TSI) closed at 4,119.90 points increasing by 11.9%.
According to the Alpha Capital Wrap-up report, local investors accounted for 96.1 percent of the sales during the trading session last week while foreign investors accounted for the biggest percentage of the buying side accounting for 62.2 percent of the buying side.
Prominent stocks in terms of trading volume for the week were CRDB, NMB and Voda commanding the market by 58.7%, 30.04%, and 8.8% of the total market turnover respectively.
CRDB led the gainers by registering a 3.3% upsurge in price closing at 470/- per share from 455/- recorded the preceding week while 2.25% uptick closing off the week at 455/- per share while the NICOL stock also gained by 1.19% closing off the week at 425/- per share.
Tanga Cement was the biggest looser for the week losing 6.52% of its value to end the week at 1,720/- per share.