DSE stock shines at Dar bourse


DAR ES SALAAM Stock Exchange (DSE) stock remained as most appreciated share in the last seven month of this year until Monday.

The DSE share—self listed last year—appreciated by 18 per cent to 1,200/- Monday from 1,000/- at the beginning of the year. The DSE share are followed by TBL that appreciated by 4.20 per cent to 12,500/- from 12,000/- of January.

TBL share took a dip on Monday after falling by 3.80 per cent to close the session at 12,500/-a share.

The most depreciated stock since January was Swissport share that noise dived by 30 per cent to 3,820/- from 5,450/-seven months ago.

The second most depreciation share was Twiga cement that dipped by 22.27 per cent to 1,780/- from 2,290/- at opening of the year.

CRDB Bank share has dropped by 20per cent to 200/- form 250 of January. While Simba Cement share tumbled by 15 per cent to 1,360/- from 1,600/-. And Mkombozi Bank swing down by 10 per cent to 900/- from 1,000/-.

Meanwhile the exchange weekly turnover on Monday plummeted by almost 70 per cent from 12.5bn/- to 4.0bn/- in the week ending last Friday. 46m/- on the week that has ended on July 28 to 600,000 in the last week.

The Senior Marketing Officer of Dar es Salaam Stock exchange Sales, Mary Kinabo said the turnover was the results of decreasing of share traded during the week. However in other hand the bourse’s market capitalization increased by 300bn/- from 17.9tri/- to 18.3tri/- up to last Friday.

The market cap was pushed up due to the increase in price of shares of National Media Group by 11.86 per cent, EABL 2.51 percent, KCB Bank 2.35 percent) and Acacia 2.16 percent.

Ms Kinabo said market cap for domestic companies went up slightly from 7.70tri/- to 7.71tri/-. “This is because of the increase in price of DSE by 1.69 percent from 1,180/- to 1,200/-,” she said.

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