Market activities at the Dar es Salaam Stock Exchange (DSE) registered a marginal uptick during the trading session last week posting a 6.18% increase in total market turnover to 1.69bn/- as compared to 1.59bn/- recorded the previous week attributed to higher participation in trading.
Available data from the DSE shows that market capitalization experienced a 0.18% rise to 14.51bn/- while domestic market capitalization increased by 0.46% to 11.40bn/-
In terms of individual stock performance, TCCL, MBP, NMB, and NICO were the gainers of the week, with their share prices increasing by 3.96%, 3.57%, 2.67%, and 2.2% respectively.
The share prices for these stocks closed the week at 2,100/-, 290/- , 4,620/-, and 465/- respectively.
Conversely, the overall losers of the week were TCCIA, DSE, SWIS, and TPCC, with share prices decreasing by 12.2%, 2.15%, 1.49%, and 1.40% respectively.
Their share prices closed at 180/-, 1,820/-, 1,320/-, and 4,220/- respectively.
According to the Alpha Capital Head of Research and Analytics Imani Muhingo, market participation remained dominated by Tanzanians, with foreigners contributing 4.32% in sales and 12.93% in purchases.
Meanwhile, the bond market saw a 28% increase in turnover, reaching 41.46bn/- compared to last week’s 32.38bn/-.
The dominant bonds were the 15, 20, and 25-year bonds, with NMB and NBC being the only corporate bonds traded.
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