TRADING activities at the Dar es
Over 30 per cent of the turnover was contributed by TBL, where local investors purchased shares at between 8000/- and 8100/- each.
However, the session witnessed the declining foreign participation by more than 90 per cent. Market analysts attribute the consecutive downward trend of the market to certain speculations by buyers and sellers as most listed firms were about to declare dividends.
From this point of view, sellers could currently be holding up shares for hope of price rise due to hiked earnings per share while buyers are hesitating to fully engage in the purchase of shares for fear of price decline when the listed companies announce their financial positions.
Market capitalization stood at 17.09tri/-, up from 16.59tri/- recorded preceding week which is equivalent to 3 per cent increase. Similarly, domestic market capitalization recorded a declined to 0.19 per cent to 6.08tri/- in the period under review compared to 6.09tri/- at the end of the week.
The TSI closed low by 0.19 per cent or 5.62 points down while the DSEI closed high by 3 per cent or 57.15 points low compared with the 1,881.24 points posted a week earlier.
The Industrial and Allied index (IA) pointed downward by 0.30 per cent loss while the Bank, Finance and Investment index (BI) stabilized at 2,592.57 points.
Also the Commercial Services index (CS) maintained the same points during the week under review. The equities performance in the coming week is expected to bring in new market perception because DCB, CRDB and NMB released forth quarter results; and TBL declared its final dividend.
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