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COUNTERS of the listed manufacturing firms dominated trading at the equity market contributing over 90 per cent of the bourse’s total turnover last week.
The weekly market commentary by the Tanzania Securities Limited (TSL) show that Dar es Salaam Stock Exchange (DSE) all share index (DSEI) and Tanzania share index (TSI) edged upwards basically due to price increase in Swissport, TATEPA and Tanzania Breweries Limited (TBL) shares.
Likewise, the DSEI and TSI closed the week at 1,298.97 and 1,122.21 points respectively, gaining 0.63 points while TSI gained 2.63 points over the period under review.
However, Twiga was the market top trader with a turnover amounting to 88.24 per cent of the total proceeds. Simba contributed 2.89 per cent of the total turnover while TBL and TCC contributed 1.86 per cent and 0.08 per cent respectively. Simba share price decreased by 0.83 per cent to 2,380/-.
Despite price increase, turnover at the Swissport counter dropped from 8.30m/- in the previous week to 2.63m/- in the period under review. The counter was characterised by strong demand which pushed price to 870/- from 850/-.
For TaTePa, only 790 shares were sold at a price of 285/- which is 10/- higher than the preceding week.
Listed banks at the equity market recorded a 40 per cent decrease in turnover compare to the previous week. The counters recorded a total turnover of 83.15m/- only amounting to around 6.71 per cent of the earnings.
The NMB remained the top trader in the banking sector with 4.61 per cent of the market turnover while DCB and CRDB recorded 4.98m/- and 21.08m/-respectively. Prices in the sector remained flat throughout the week.
Viewed in its totality, the TSI business analysts Mr Joel Nkya said the bourse continued to record relatively high level of activity despite slight fall in turnover.
Source: http://invecompr.blogspot.com