A trader at the Dar es Salaam Stock Exchange in Tanzania. Most listed firms remained resilient with no immediate dipping of share prices, following the announcement of President John Magufuli’s death. PHOTO | FILE | NMG Activity at the Dar es Salaam stock market remained fairly stable following the formal announcement of President John Magufuli’s death. Most listed firms remained resilient with no immediate dipping of share prices.
The Dar es Salaam Stock Exchange (DSE) closed business on Thursday, with a total of Tsh2.6 billion ($1.13 million) from 5,002,830 shares traded in 20 deals, and Tsh6.88 billion ($2.95 million) from bond traded in six deals.
This is five times higher than the total turnover of Tsh371.74 million ($159,553) on Wednesday before the announcement of the president’s death, and was also the highest total turnover over the past two weeks when there was increasing speculation surrounding his whereabouts and health.
According to the DSE’s Thursday report, on the Block Trade Pre-arranged Market board the CRDB counter traded a block of 4,000,000 shares while NMB counter traded a block of 1,000,000 shares.
In the Normal Board, CRDB counter had 1,100 shares traded at weighted average price of Tsh230 ($0.09) per share in two deals. The DSE counter had 120 shares traded at weighted average price of Tsh1,100 ($0.47) per share in one deal.
JATU counter, despite share price plunging by two percent, had 780 shares traded at weighted average price of Tsh1,900 ($0.81) per share in six deals.
The NMB counter on the other hand, had 80 shares traded at weighted average price of Tsh2,240 ($0.96) per share in 2 deals. SWIS counter had 80 shares traded at weighted average price of Tsh1,180 ($0.50) per share in 1 deal.
Report shows TBL counter had 10 shares traded at weighted average price of Tsh10,400 ($4.46) per share in 1 deal while TCCL counter had 60 shares traded at weighted average price of Tsh400 ($0.17) per share in 3 deals.
More shares were traded at the TPCC and Vodacom counters with 540 shares traded at weighted average price of Tsh2,700 ($1.15) per share and 60 shares traded at weighted average price of Tsh740 ($0.31) per share in 1 deal, respectively.
Local investors still had appetite for government bonds, where the Government Bonds Board, a 10-year bond with a coupon rate of 11.44 percent and a face value of Tsh6.48 billion ($2.78 million) was traded at prices of 102.68 percent, 103.94 percent and […]
