Market activities at the Dar es Salaam Stock Exchange recorded notable uptick during the trading session last week posting a total market turnover of 4.52bn/- marking a substantial 50.27% surge from the preceding week.
This surge in turnover can be attributed to a rise in pre- arranged transactions, particularly with counters such as CRDB and NMB, which recorded block trades during the week.
According to available data from the DSE, there was a slight decrease of 0.19% in the total market capitalization, reaching 14.83bn/- while domestic market capitalization experienced a slight growth of 0.23%, with a closing value of 11.38bn/-
Despite the substantial increase in turnover, the Total market capitalization contracted due to a decrease in the prices of cross listed stocks such as KCB and JHL.
![](https://thebusinesswiz.co.tz/wp-content/uploads/2023/10/DSE-BROKERS-2.jpg)
Throughout the week, the counters that saw significant trading activity included CRDB, NMB, and TCCL, accounting for 80.03%, 15.43%, and 1.60% of the total market turnover, respectively.
In the same week, four domestic counters experienced price
Gains with TICL recording an impressive performance, with its stock price rising by 8.33%, marking five consecutive weeks of increases, driven by impressive results brining its share price to 210/-
TWIGA/TPCC registered a 2.43% uptick bringing its price to 4,220/- while TCCL also registered a gain of 2.2%, bringing its stock price to 1860-
NICO gained 1.96 within the week reaching 520/-. While on the downside, only SWISS saw a price decline, dropping by 10% to close the week at 1,440/-