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.
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/-