THE Dar es Salaam Stock Exchange (DSE) indices declined during the opening of the week after the decline of NMB share price, despite an increase of DSE share price by 3.3 percent.

The daily market report shows that Tanzania Share Index (TSI) closed at 4,437 points, down by 3.24 points compared to the last trading session of last week, while the all share index (DSEI) closed at 1,782.37 points, a decrease of 1.03 points.

The Banking, Finance & Investment Index (BI) declined by 10.72 points after closing at 5,000.25 points during the opening of the week.

According to the report, the share price of NMB, which is the second largest listed company on DSE, closed at 4,740/- on Monday, which was 0.42 percent lower than the price recorded during the end of last week.

Top movers were CRDB Bank counter, which recorded the transactions of 265,942 shares valued 142.89m/-, sold at a price ranging from 540/- to 550/- per share in 141 deals, followed by TBL counter, which recorded the transaction of 200,100 shares valued 1.2bn/- in two deals, as 200,000 shares been transacted through pre-arranged block trade.

The report shows other active counters were NMB Bank, which transacted 20,906 shares valued 99.16m/- traded at a price ranging from 4,700/- to 4,780/- per share in 13 deals and TCCIA Investment Company Limited (TICL), which transacted 5,072 shares valued 0.9m/- traded at a price ranging from 195/- to 200/- per share in 40 deals.

Other active counters which transacted small number of shares were Vodacom Tanzania (VODA), Swissport Tanzania (SWIS), Precision Air Limited (PA), TOL Gases, Tanga Cement Company Limited (TCCL),  NICO, DSE and DCB Bank. 

A total turnover of 1.49bn/- was recorded, following the transaction of 496,965 shares traded in 22 deals, dominated by local investors, who accounted for 100 percent of the value of total shares bought and 93.61 percent of total value of shares sold.

Throughout March, reports show the stock market witnessed a decline in activity, with market turnover reaching 18.137bn/-.

However, the overall market capitalization increased by 1.09 percent, signaling a rise in the aggregate value of market assets. 

Additionally, domestic market capitalization, representing the worth of stocks from local firms, climbed by 1.38 percent. 

This increase indicates an improved performance among local companies and a heightened sense of optimism among investors.