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DSE makes huge turnaround‏

DSE makes huge turnaround‏
THE Dar es Salaam Stock Exchange (DSE), equity market marked huge turnaround after registering total turnover of 24.35bn/-compared to 8.58bn/- of the previous session with TBL and CRDB Bank emerging top traded equities.

According to Zan Securities Limited Weekly Wrap-ups, TBL and CRDB contributed to 74.59 percent and 14.34 percent of the week’s total turnover respectively.

Similarly, TBL emerged as the top gainer dominating the price movement within local listed companies after experiencing 200/- or 1.33 percent price increase to close at 15,200/- per share.

Meanwhile, Simba emerged as the top loser to close the week with the largest price drop for local listed companies after experiencing a 350/- or 11.11 percent price decrease to close at 2,800/- per share.

Comparatively, key benchmark indices were in both the green and red territory during the week with the Tanzania Share Index (TSI) capped at 4,611.29 points, higher by 0.41 percent compared with 4,592.45 points posted in the previous period.

The All Share Index (DSEI) closed at 2,403.58 points, lower by 0.25 percent compared with the week before to close at 2,409.71 points.

Three sector indices closed off both in green and red territory with Industrial and Allied experiencing an increase, closing at 6,158.12 points up by 0.44 percent compared to previous week closing at 6,130.88 points.

Banks, Finance and Investment Index experienced an increase by 0.42 percent to close at 3,099.01 points compared to close at 3,086.15points. Commercial Services Sector experienced a decrease by 0.53 percent to close at 3,915.58 points compared to 3,936.51 points of the period before.

Total market capitalisation experienced decrease by 0.27 percent compared to the previous week, closing at 21.05tri/-.

Domestic market capitalization experienced an increase by 0.41 percent to close at 9.77tri/-.

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Posted by on October 20, 2015 in Tanzania News

 

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Dar es Salaam Stock Exchange Report‏

Market Report

Thursday, 15 October 2015

Company Closing Price Prev Closing Price Price Change (%)
ACA 7,100 7,160 -0.84
CRDB 370 370 +0.00
DCB 580 585 -0.85
EABL 5,340 5,370 -0.56
JHL 8,070 9,470 -14.78
KA 110 110 +0.00
KCB 880 860 +2.33
MBP 600 600 +0.00
MKCB 1,000 1,000 +0.00
NMB 2,810 2,800 +0.36
NMG 2,920 2,920 +0.00
PAL 470 470 +0.00
SWALA 500 500 +0.00
SWIS 7,250 7,370 -1.63
TBL 15,200 15,200 +0.00
TCC 16,330 16,300 +0.18
TCCL 3,140 3,150 -0.32
TOL 770 770 +0.00
TPCC 3,340 3,340 +0.00
TTP 650 650 +0.00
USL 210 210 +0.00

Total Market Capitalization – TZS 20,866.80 bln (USD 9,620.40 mln)

 
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Posted by on October 17, 2015 in General Knowledge

 

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TBL dominates trade at DSE‏

DSE BANNERTHE Dar es Salaam Stock Exchange (DSE) has recorded 98 per cent decline in turnover after posting 2.10bn/- compared to 106.87bn/- of the previous session.

Despite low turnover last week, the Tanzania Breweries Limited (TBL) continued to dominate the trading activities after contributing more than 60 percent of the turnover.

Similarly, the total volume of shares registered 99 per cent decrease to 1.42 million from 8.01 million that changed hands in the preceding market.

According to Zan Securities Limited Weekly Wrap-Ups, the market is likely to remain volatile due to low participation from both local and foreign investors.

The price movements within local listed companies were recorded in seven counters including the Tanzania Oxygen Ltd (TOL) and Tanzania Cigarette Company that led the list of top gainers by increasing by 10/- per share or 1.33 percent and 20/- per share or 0.12 percent respectively.

Top losers during the period under review were CRDB Bank Plc by 10/- per share or 2.63 percent, Tanzania Portland Cement Company Ltd (TPCC) and Swissport Company Ltd by 40 per share or 1.16 per cent and 80/- per share or 1.05 per cent respectively.

Three out of seven cross listed companies recorded a positive price movement at the end of the week; these were; USL, KA and JHL. NMG, ACA, EABL and KCB recorded a negative price movement during the week under review.

The market capitalization decreased by 1.50 percent to close at 22.16tri/- while Domestic Market capitalization decreased by 0.41 percent to close at 9.73tri/-.

Consequently, on a weekly comparison, key benchmark indices were in red territory with the Tanzania share index (TSI) capping at 4,593.15 points to close low by 0.34 percent compared with 4,608.83 points posted a week earlier. All Share Index (DSEI) closed at 2,530.38 points down by 1.52 percent.

The Industrial and Allied Index sustained downward trend by 0.05 percent to close at 6,222.17 points.

Bank, Finance and Investment Index recorded a negative trend by 1.15 percent to close at 2,945.96 points whereas commercial services index capped at 4,024.41 points low by 0.83 percent during the week under review.

 
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Posted by on September 29, 2015 in Tanzania News

 

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DSE TURNOVER

DSE BANNER
THE Dar es Salaam Stock Exchange (DSE) experienced a significant decline in total
turnover last week, closing at 6.4bn/- with TBL and CRDB emerging as the most traded
equities.According to Zan Securities Limited, the weak performance of turnover was equivalent to
78 per cent fall compared to a total turnover of 29.89bn/- generated in the previous
session.

TBL and CRDB contributed to 72.34 per cent and 24.18 per cent, of the week’s total turnover. NMB emerged as the top gainer dominating the price movement within local listed companies experiencing 100/- or 3.57 per cent increase per share, closing at 2,900/- per
share.

For cross-listed companies, EABL emerged as the top gainer dominating the price
movement and it experienced a 100/- or 1.78 per cent increase per share, closing at 5,730/- per share.

Comparatively, key benchmark indices were in the green territory with the Tanzania Share Index (TSI) capped at 4,650.42 points, higher by 0.73 per cent compared with 4,616.52 points of the previous period.

The All Share Index (DSEI) closed at 2,498.01points, higher by 0.56 per cent compared with the other week to close at 2, 484, 21 points.

Three sector indices closed off the week in both the green and red territory with the Industrial and Allied experiencing an increase, closing at 6,267.25 points up by 0.33 percent compared to previous week at 6,246.88 points.

Banks, Finance and Investment Index experienced an increased by 2.10 per cent
to close at 3,036.34 points compared to the preceding week at 2,973.79 points.

Commercial Services Sector experienced a decrease by 0.10 per cent to close at
4,016.04 points compared to the last week at 4,020.23 points.

Total market capitalisation experienced upward trend by 0.56 per cent compared to last
week, closing at 21.88tri/- while domestic market capitalisation experienced an increase by
0.72 per cent closing the week at 9.85tri/-.

Low market performance is expected in the coming week as most of the investors are
indecisive amid the forthcoming general election thus viewing stock market weakness as a
buying opportunity.

 
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Posted by on September 8, 2015 in Business News, Tanzania News

 

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Dar es Salaam Stock Exchange Updates: weak performance compared to Last week results

THE Dar es Salaam Stock Exchange (DSE) performed dismally in both turnover and activity levels last week
as compared to the previous week’s trading.

Turnover amounted to 879m/-, a 92.3 per cent decline compared to 11.3bn/- of the previous week while activity
level shrunk, with shares traded declining to 1,344,490 from last week’s 34,679,010.

The weekly market commentary by Tanzania Securities Limited (TSL) shows that the DSE All Share Index (DSEI) gained grounds by 0.22 per cent to settle at 1,611.15.

The Tanzania Share Index (TSI) closed at 1,961.23, mainly contributed DCB, NMB and TBL counters that closed the week at 500/-, 1,760/- and 3,340/- share prices, respectively.

Both Indices strengthened with the banking segment Index gaining 2.32 per cent to close at 2,084.77 points, buoyed by gains made on the DCB and NMB counters.The Industrial and Allied Index closed at 2,063.09 points, thanks to gains on TBL counter.

Banks accounted for 94 per cent of the week’s total volume traded and 76 per cent of the market value. Mainly local investors dominated in CRDB counter trading during the week, with a mere one per cent of the counter turnover coming from foreigners.

The counter traded 851,308 shares at a price of between 320/- and 325/-. NMB transacted 151,528 shares at
between 1,740/- and 1,760/- per share.

Twiga was the most active counter among the Industrial and Allied sector during the week, moving 59,011 shares
at a price of 2,700/- each. Simba followed with 14,400 shares transacted at 2,400/- per share while TBL closed the week at 3,340/- per share having moved 7,700 shares.

A total of 3,553 shares of Swissport changed hands at 2,240/- each while TCC moved 100 shares at 6,800/-.

The PAL counter moved 400 shares at 475/- and TTP moved 50 shares at 600/- each share as TOL counter remained
dormant for the whole of the week.

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DSE to Benefit from SADC Countries Linking Stock Exchanges

THE Committee of Southern Africa Stock Exchanges says it will explore technological ways of linking trading and order systems of Sadc stock markets, committee chairperson Mrs Beatrice Nkanza has said.

This would help to increase the effectiveness of Sadc’s 10 stock exchanges including DSE.

Other CoSSE members apart from  Dar es Salaam Stock Exchange of Tanzania are Botswana Stock Exchange, Malawi Stock Exchange, Stock Exchange of Mauritius, Bolsa de Valores de Mozambique, Namibian Stock Exchange, South Africa’s JSE Ltd, Swaziland Stock Exchange, Zambia’s Lusaka Stock Exchange, and the Zimbabwe Stock Exchange.

Mrs Nkanza, who is also the chief executive of Lusaka Stock Exchange, said the committee was working closely with various Sadc institutions to support development of regional systems, including payment and was expected to boost visibility of trading data and enhance its joint website.

The Dar es Salaam Stock Exchange (winner of The Best Sustainable Stock Exchange of the Year 2011, Africa” by the World Finance ) have joined nine other stock exchanges in the Southern African Development (SADC) to adopt a digital platform. This will hopefully increase productivity and efficiency for smooth functioning and growth of market operations in completing cross border transactions.

Technology is opening doors and is the basis for changes in investor behavior and expectations. Considering the number of companies in Dar es Salaam there aren’t anywhere as many listed on the Dar es Salaam Stock Exchange.

Through meticulous planning and a well thought out implementation of the process, there are numerous benefits to listing your company on the stock exchange. For example, it creates a market for the company’s shares enhancing the status and financial standing of your company.
You increase market exposure, public awareness and interest in the company along with your services and products. It boosts the companies’ corporate profile as there will be an added element of trust and credibility.

 

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Trade at Dar es Salaam Stock Exchange Drops

HOPES for increased trade at the Dar es Salaam Stock Exchange (DSE) is now pegged on the reporting seasons for listed firms and banks’ interim financial results.

This follows the bearish mood the bourse exhibited in the last few weeks, where during the week ending last Friday turnover dropped by 755 per cent.

The Tanzania Securities Chief Executive Officer (CEO), Mr Moremi Marwa, said the market may as well correct marginally on more profit taking as second quarter announcements comes into play.

“Despite the short term weaknesses exhibited by the bourse,” Mr Marwa said, “we anticipate more activity in the coming week as the reporting season for listed companies and banks” interim results set in.”

The CEO said in the brokerage’s weekly market report issued over the weekend that they anticipated presence of foreign investors will continue particularly taking position in the NMB counter, though in small bits due to the general lack of supply.

The report shows that week-onweek turnover dropped to 243m/- from 995m/- equals to a slid of 755 per cent.

The activity levels also shrunk on lower local and foreign participation with shares traded plummeting to 186,496 shares or 896 per cent.

“Both indices witnessed a bearish week,” Mr Marwa said. The DSE all share index (DSEI) closed 0.02 per cent lower at 1,441.12 points.

The Tanzania Share Index (TSI) ended the week at 1,220.88 points a climb down of – 0.07 per cent, mainly pulled by CRDB that lost ground by 2.04 per cent to close the week at 120/- per share.

Zan Securities CEO Mr Raphael Masumbuko said the trend shows that the bourse trading normally picked up in the second half as investors have less obligation compared to the opening of the year due to end year effects.

“The trading normally picks up in July to the rest of the year, but we are not seeing that at the moment,” Mr Masumbuko told the ‘Daily News’ earlier in the last week. He added: “We are assuming the situation will normalise in the near future.”

Generally, the weekly report shows that banking sector moved 54 per cent of the total volume that exchanged hands during the week and 14 per cent of the market turnover.

Foreign investors’ participation during the week decreased significantly to 16 per cent compared to 79 per cent recorded during the previous week.

Foreigners were dominant in NMB which accounted for 51 per cent and CRDB 12 per cent of total trading on the banks counters.

The industrial and allied (IA) segments moved 46 per cent of total market’s activity and 86 per cent of the total turnover.

 
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Posted by on July 25, 2012 in Uncategorized

 

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