Home East Africa Dar es Salam Stock Exchange Witnesses 164% Growth

Dar es Salam Stock Exchange Witnesses 164% Growth

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Dar es Salam Stock Exchange Witnesses 164% Growth

(3 Minutes Read)

During the trading week ending on December 06th, the Dar es Salaam Stock Exchange (DSE) saw an increase in turnover compared to the prior week. The total market turnover increased to 19.074bn/-, reflecting a 164 per cent uptick from the previous week’s 7.231bn/-.

The pre-arranged board registered some activities as TPCC, CRDB, NMB, and TBL recorded block trades. Throughout the week, CRDB dominated trading activities, representing 57.55 per cent of the total market turnover, followed by TBL at 27.28 per cent and NMB at 13.4 per cent.

NMB was the sole gainer for the week appreciating by 0.93 per cent reaching 5,400/- per share. DCB was the top loser for the week depreciating by 12.9 per cent to reach 135/- per share. MBP lost 8.82 per cent reaching 310/- per share, AFRIPRISE depreciated by 6.38 pe rcent reaching 220/- per share.

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TOL lost 2.99 percent to reach 650/- per share and TCCL lost 2.08 percent concluding the week at 1,880/- per share. In terms of market capitalisation, there was a general decrease in the size of the markets, with total market capitalisation decreasing by 0.79 per cent to 17.942tri/ by the week’s end. However, domestic market capitalisation increased by 0.12 per cent, reaching 12.221tri/-.