EAST African Breweries Limited (EABL) has regained its top position as the largest listed company on the Dar es Salaam Stock Exchange (DSE), pushing down the long position holder Tanzania Breweries Limited (TBL) into second.

The DSE market report shows that this came after the cross listed EABL jumped to 3.3trn/- on Tuesday this week, from 2.7trn/- recorded on Monday due to increase of the counter’s share price by 21 percent in just one day to 4,200/- from 3,470/-.

Data obtained from the Nairobi Securities Exchange (NSE), East African Breweries PLC set a new 52-week high during Tuesday's trading session when it reached Ksh204.00. Over this period, the share price is up 36.36 percent.

The EABL’s market capitalization is therefore equivalent to nearly 15 percent of DSE’s total market capitalization and when it is combined with second largest TBL, makes brewery firms to hold a combined 30 percent of the market capitalization.

In Uganda, East African Breweries Limited is currently the third most valuable stock on the Uganda Securities Exchange (USE) with a market capitalization of UGX 3.93 trillion, which is about 15.4 percent of the entire Uganda Securities Exchange equity market.

The increase of EABL market capitalization, has also expanded the DSE’s market size as it closed at 18.7trn/- on Tuesday this week, from 18.6trn/- at the end of Monday.

According to the market report, the rise of EABL has also pushed NMB counter, which held the second largest position to third position, as its market capitalization is 2.6trn/-, while KCB bank, one of the largest banks in East Africa remains at the fourth largest.

The fifth position is held by Vodacom Tanzania, with the market capitalisation of 1.724trn/-, which is close followed by CRDB Bank counter with the market capitalization of 1.723trn/- as at the end of Tuesday this week.