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Dar es Salaam Stock Exchange Activity Shows Increase Amid Market Shakeup

Strategic Insights

— 2 min read

The Dar es Salaam Stock Exchange (DSE) witnessed increased market activity during the week, but the total turnover decreased by 64.32 per cent compared to the previous trading week. CRDB emerged as the top contributor, accounting for 79.7 per cent of the total market turnover, followed closely by NMB and DCB. On the price movement front, MBP and DSE showed significant gains, while NICO, MKCB, and TPCC recorded losses.

Key Takeaways:

  • Total turnover for the week decreased to 6.339bn/- from 17.76bn/-, representing a 64.32 per cent decrease.
  • CRDB emerged as the dominant player, contributing 79.7 per cent of the total market turnover.
  • MBP stood out as the week's top gainer, with its share price appreciating by 7.83 per cent, closing at 895/- per share.
  • NICO recorded a decline, with its share price falling by 9.19 per cent to 1,680/- per share.
  • The exchange registered a decrease in both total and domestic market capitalisation, with total market capitalisation down by 0.43 per cent to 22.014tri/- and domestic market capitalisation down by 0.66 per cent to 14.253tri/-.
  • Key benchmark indices showed a decrease, with All Share Index (DSEI) closing at 2,568.26 points down by 0.43 per cent and Tanzania Share Index (TSI) closing at 5,384.05 points down by 0.66 per cent.
  • Sector Indices also showed a decrease, with Industrial & Allied Index (IA) closing at 4,169.82 points, down by 2.8791 per cent, and Commercial Services Index closing at 1,682.03 points, up by 0.9373 per cent.

Statistics:

  • Total turnover for the week: 6.339bn/-
  • CRDB contribution to total market turnover: 79.7 per cent
  • MBP share price appreciation: 7.83 per cent
  • NICO share price decline: 9.19 per cent
  • Total market capitalisation decrease: 0.43 per cent
  • Domestic market capitalisation decrease: 0.66 per cent
  • DSEI closing points: 2,568.26
  • TSI closing points: 5,384.05
  • IA closing points: 4,169.82

Sources:

  • "DSE closed the week with market activity showing an increase in activity compared to the previous trading week." - Daily News
  • "CRDB emerged as the dominant player, contributing 79.7 per cent of the total market turnover." - Daily News
  • "MBP stood out as the week's top gainer, with its share price appreciating by 7.83 per cent, closing at 895/- per share." - Daily News
  • "NICO recorded a decline, with its share price falling by 9.19 per cent to 1,680/- per share." - Daily News
  • "The exchange registered a decrease in both total and domestic market capitalisation." - Daily News
  • "Market news round: Why investors flock to collective schemes and corporate bonds." - Daily News
  • "Highlights: Debt Market 14 per cent -20-year Treasury bond no: 678." - Daily News
  • "Secondary Market Activity The secondary bond market posted a turnover of 251.95bn/-, up from 54.5845bn/- in the previous week a increase of 361.58 per cent." - Daily News

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