The turnover recorded was more than two folds improvement from last month’s 5.51bn/- turnover and January 2021 turnover of 6.72bn/-
According to statistics from DSE, both market Indices closed the month on the positive side with the All-Share Index (DSEI) gaining 22.08 points and closing with 1,918.79 points while
While the Tanzania Share Index (TSI) gained 94.68 points closing up at 3,659.86 points.
The total DSE market capitalization at the end of January stood at 15.9bn/- while the domestic capitalization stood at 9.6bn/-
During January, CRDB became top counter overall the DSE bourse, in terms of turnover and number of shares traded.
CRDB traded a total of 17.7 million shares equivalent to80.3% of all shares traded on the bourse during the month.
The shares traded generated a turnover of 5.96bn/- commanding about 42.66% of total turnover for the month.
The CRDB counter was again the top gainer for the month, recording a
16.07% price appreciation, from 280 /-at beginning of the month and closing at 325/- at the end of the month.
Other gainers included NMB counter which closed 14% up from 2,000/- from the start of the month to 2,280/- per share at the close of the month.
The NMB counter also accounted for about 8% of the turnover generated for the month on the bourse. DSE counter also jumped 1.54% from 1,300/- at the start of the month, and closed at 1,320/- per share at the end of the month.TCCL (Simba Cement) was top loser, closing 9.09% down from 1,100/- to 1,000/- per share. Others included DCB bank and JATU, both closing 5.26% and 3.66% down. Bad month for cross-listed counters Things weren’t so green for cross- listed board as Jubilee Holdings (JHL) was top loser, plunging 4.65% from 6,450/- to 6,150/- .East African Breweries (EABL) and KCB bank also plummeted during the month with the counters opening at 3,360/- and 920/- respectively, and closed down at 3,340/- and 910/- at the end of the month.According to the Orbit Securities Monthly Report in January, foreign Investors were net buyers, and dominated buy side activity by 78.39% equivalent to 10.96bn/- worth of turnover.Local investors’ on the other side led the selling by 59.38% equivalent to 8.3bn/- equity turnover“Foreign investors appear to have shifted the strategy at least for January, unlike the usual selling pattern that we had observed throughout 2021,” the report said.
