Improvement in share trading at DSE as listed companies announce resul

20Apr 2016
Dickson Ng`hily
The Guardian
Improvement in share trading at DSE as listed companies announce resul

INVESTORS are less impressed by listed companies’ stocks despite the fact that most of them announced their positive fourth quarter results in December, 2016.

Listed companies that have so far published their audited financial results include NMB Plc, CRDB Bank plc, DCB Plc, TPCC, TCCL, Swissport and TCC.

According to Dar es Salaam Stock Exchange (DSE) weekly market report, turnover was slightly high above the previous week.

The report quotes a market analyst, Edwine Mahenge as saying: “The week-on-week turnover increased from 1,865.3m/- to 3,729.8m/-. The activity level went up by +54 percent to 0.69 million shares compared to volumes transacted last week.”

Mahenge said the DSE index closed in green alongside Tanzania Securities Index which also closed in green as the former went up by +0.66 percent to close at 2,459.31 points while the latter went up by +0.44 percent to close at 3,959.85 points thanks to increases on DCB, NMB, TCCL and TPCC counters.

The banking sector index went up to close at 2.654.95 points while the industrial & allied index also went up to close at 5,265.00 points.

Meanwhile Dar Es Salaam Stock Exchange Plc (DSE) this week sold 706,761 shares worth 1,179.85m/- traded in 73 deals compared to the previous session which recorded a turnover of 1,079.96/- from 171,172 shares traded in 52 deals.

According to the report, while the CRDB counter had 273,586 shares traded at weighted average price of 375/- per share in 48 deals, the DCB counter had 10,000 shares traded at weighted average price of 520/- per share in 2 deals.

On the other hand, the NMB counter had 396,515 shares traded at a weighted average price of 2,050/- per share in 11 deals while the Swissport counter had 1,050 shares sold at a weighted average price of 6,810/- per share in a single deal.

The TBL counter sold 16,490 shares at a weighted average price of 13,800/- per share in 4 deals while the TCC counter had 10 shares which were sold at a weighted average price of 12,000/- per share in a single deal.

TPCC counter had 9,060 shares traded at weighted average price of 2,700/- per share in 4 deals while the Swala counter had 50 shares traded at a weighted average price of 500/- per share in 2 deals.