The Dar es
According to the weekly market report by the
The DSE All Share Index gained 0.85 per cent to 2,398.44 points while the Tanzania Share Index (TSI) closed at 0.28 per cent up at 4,007.27 points supported by the gains on CRDB, NMB, DCB, TBL,
The Banking segment Index settled 3,574.37 points, 0.60 per cent stronger than previous week due to the gains in the CRDB by 1.59 per cent, NMB by 0.49 per cent and DCB by 2.04 per cent counters.
The Industrial and Allied Index strengthened further to 4,852.30 points, or 0.12 per cent buoyed by TBL,
During the period under review, banking segment was less active compared to the previous week but more active than the Industrial and Allied segment.
The segment contributed 64 per cent of the total turnover and 82 per cent of the market activity. CRDB was the most active counter with a volume of 495,410 shares traded at a price of 320/-.
NMB counter transacted 128,667 shares at prices of 4,090/-, 4,100/- and closed the week higher at 4,110/- per share. DCB counter moved a volume of 19,691 at a price of 490/- per share.
The Industrial and Allied Segment was less active during the week, compared to the previous period and also less active compared to the Banking sector.
The segment contributed 18 per cent of the total week's volume and 36 per cent of the total turnover. TBL maintained its lead on the Industrial and Allied segment with the counter trading 13,842 shares closing the week at a price of 13,000/- per share. Twiga counter followed, closing the week up at 2,380/- with 10,968 shares transacted.
Swissport counter gained to 2,660/- per share transacting 2,595 shares during the week, while TOL transacted 1,220 shares at a price of 480/- per share.
There were no activities on the PAL and TATEPA counters during the week. Despite the decline in turnover this week, most counters witnessed an appreciation in share prices as investors speculate on price movement in the market.
Looking forward, it is expected that the activity will improve in the coming week with some price correction on mostly bank counters once the second quarter financial results are released.
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