DSE indices close the week in low notes

By Guardian Correspondent , The Guardian
Published at 06:00 AM Sep 14 2024
A total turnover of 276m/- was recorded during the day, following the transactions of 363,708 shares, traded in 359 deals.
Photo: File
A total turnover of 276m/- was recorded during the day, following the transactions of 363,708 shares, traded in 359 deals.

The Dar es Salaam Stock Exchange (DSE) indices close the week in red, amid mixed trends on share prices among local and cross listed companies.

The DSE market report shows the Tanzania Share Index (TSI) closed the week at 4,614.70 points, a decline of 9.36 points compared to Thursday close, while the DSEI closed at 2,096.80 points, a decrease of 10.58 points and BI declined by 31.03 points, after closing at 5,736.69 points.

Gainers during the end of the week were DCB counter, which its share price closed at 155/-, a decrease of 6.9 percent, self-listed DSE, which closed at 2,440/-, a depreciation of 1.67 percent and EABL, which its share price went down by 2.26 percent, after closing at 3,170/-.

The report shows three companies including CRDB, KCB and NICO closed the week with declined prices as CRDB share price decreased by 1.49 percent, while KCB and NICO share prices decreased by 5.56 percent and 1.37 percent respectively.

Top movers during the day were CRDB Bank, which recorded the transactions of 327,922 shares, followed by DSE, which transacted 11,500 shares and Mkombozi Commercial Bank (MKCB), which transacted 7,812 shares.

A total turnover of 276m/- was recorded during the day, following the transactions of 363,708 shares, traded in 359 deals.

The buying side was dominated by local investors, who accounted for 93.56 percent of the total value of shares bought, while foreign investors sold shares valued 83.59m/-, which was 30.20 percent of total value of shares sold.

On normal board, Afriprice counter had 2,990 shares traded at a weighted average price of 230/- per share in 27 deals, CRDB counter had 327,922 shares traded at a weighted average price of 660/- per share in 246 deals and DCB counter had 3,652 shares traded at a weighted average price of 155/- per share in 14 deals.

DSE counter has 11,555 shares traded at weighted average price of 2,440/- per share in ten deals, MBP counter has 400 shares traded at weighted average price of 350/- per share in three deals, MCB counter has 10 shares traded at weighted average price of 300/- per share in one deal and MKCB counter had 7,812 shares traded at weighted average price of 560/- per share in eight deals.

The report shows NICO counter had 4,560 shares traded at a weighted average price of 720/- per share in 18 deals, while NMB counter has 3,081 shares traded at weighted average price of 5,380/- per share in 14 deals.