THE Dar es Salaam stock Exchange (DSE) closed the week with a strong performance as indicators headed north to 6.74bn/-, up from 1.68bn/- during the previous session.
According to the Zan Securities Weekly Market Wrap-ups, TBL led as the most active counter after registering transactions worth 2.56bn/-.
About 38 per cent of the turnover contributed by TBL purchased by both local and foreign investors at prices between 9,000/- and 9,500/- per share and closed at all time higher at 9,500/-.
NMB led the most gainers chart by recording all time high price of 4,000/- up by 13 per cent of previous week price with foreign purchase in the week increasing to 327m/- from only 2m/-.
Consequently, on a weekly comparison, key benchmark indices sustained the upward trend as sentiments stayed positive.
Industrial & Allied index as well as Bank, Finance and Investment index recorded upward trend by 5.56 per cent and 9.68 per cent respectively Commercial Services index remained unchanged during the week under review. The DSE bullish trend in equities is not over.
The equities' performances are expected to trend north in terms of turnover, volume, and prices. It is therefore time to employ the art of selection to find the best investment opportunities. Market capitalisation increased by 2.82 per cent to close at 18.75tri/-.
Similarly domestic capitalization increased by 6.9 per cent to 7.42tri/- in the period under review. On its part, the
The Industrial and Allied Segment was more liquid this week compared to the previous week. The segment contributed 11 per cent of the total week's volume and 59 per cent of the total week's turnover.
Twiga counter traded 440,713 shares at prices of 2,400/- and 2,380/- which was the closing price of the week. TOL counter had 29,176 shares that changed hands at a price of 495 per share.
TCC counter traded 27,032 shares at a prices of 10,100/-; 11,000/- and 11,020/-.
The counter transacted 23,944 shares. Swissport counter traded 2,200 shares at a price of 2,660/-. There were no activities on the Tatepa and PAL counter during the week.
Most Popular Stories
- McDonald's Packages Coffee for National Distribution
- Castro-Blanco Joins Fifth Street Finance Board
- HTC Makes Windows Version of Flagship One Phone
- Ballmer Steps Down From Microsoft Board
- Eric Holder Bringing Civil Rights Reminders to Ferguson
- Rising Freight Prices Signal Global Recovery
- Uber Hires Obama Campaign Manager David Plouffe
- Bob Marley Musical to Make Premiere in Baltimore
- Sprint Cancels Framily, Rolls Out New Data Pricing Plan
- Russia Claims Ukraine Leaders Are Satanists, Jews or Maybe Even Scientologists