Dar es Salaam Stock Exchange (DSE) market capitalisation rose by 1.72 percent from 11.6trn/- on December 31, 2011 to 11.7trn/- as at March 31, this year.

All share index moved by 1.72 percent from 1,303.23 points as at December 31, 2011 to 1,325.69 points as at March 31, 2012.

According to the DSE quarterly update for March this year released yesterday, the appreciations of both market capitalisation and DSE all Share Index were mainly attributed to price gains by some securities namely, TBL (28.7 percent), TCC (1.9 percent), Swissport (17.7 percent), and NMB (1.2 percent).

The review said only CRDB Bank and Tatepa prices declined by 13.04 percent and 40 percent respectively.

Tanzania Share Index grew from 1,140 points as at the end of December 2011 to 1,235 points as at the end of March 2012, it said.

According to the review, the 8.3 percent growth was attributed to the industrial and allied based firms.

Industrial and Allied Index grew by 16.6 percent moving from 1,285 points as at December31, last year to 1,498 points as at March31, this year.

During the period under review, TBL, Twiga and TCC share prices appreciated by 28.7 percent, 14.3 percent and 1.9 percent respectively.

While Simba and TOL share prices remained unchanged, Tatepa price dropped significantly by 40 percent during the same quarter.

The review further said during the quarter under review, equity turnover grew by 35.3 percent compared to the previous quarter.

A total turnover of 12.58bn/- was recorded during the quarter from 11.99 million shares traded in 2,303 deals compared to the previous quarter’s turnover of 9.3bn/- from 20.9 million shares traded in 2,004 deals.

The review said foreign investors’ participation in secondary trading depicted a declining trend.