THE Dar es Salaam Stock Exchange (DSE) last week recorded a turnover of 503m/- down by 47 per cent compared 948m/- of the previous trading.
Activity levels slowed to 706,301 shares, a sharp decline of 73 per cent compared to the preceding performance where 2,614,176 shares changed hands.
According to Zan Securities Limited weekly wrap-ups, the exchange’s market capitalization was up by 4.94 per cent to 17.6tri/- from 16.7tri/- previously recorded. Similarly, domestic market capitalization retained its increasing trend for the second week by 0.33 per cent to 6.16tri/- from 6.14tri/-.
All Share Index (ASI) also pointed north to 1,995.32 being an increase of 4.94 per cent while the Tanzania shares index (TSI) improved by 0.33 per cent to 2,928.29.
It was an incidental occasion where by percentage increase in domestic market capitalization was the same as percentage increases of Tanzania shares index both recording 0.33 per cent up.
The Industrial and Allied index dropped by 0.28 per cent, mainly due to price drop of TWIGA to 2500/- from 2580/- per share in the previous trading.
Banks, Finance and Investment index recorded increase for the second week by 1.51 per cent or 39.7 points up. This supported by CRDB that went up by 5/- and NMB that increased by 40/- for the week under review. Commercial Services index closed a third week virtually flat.
Expectations before the closing of this next week’s session are positive especially for Banks, Finance and Investment sector because recently released last quarter results predict good final results if everything remain equal.
The Tanzania Securities Limited in its weekly market commentary stated that market was expected to maintain medium-to high activity levels backed by improving liquidity in the economy and dividend announcements.