THE DSE bourse has closed the first quarter of 2022 (Q122) on a positive note. The total turnover generated on the trading of stocks for the first quarter amounted to TZS 34.9Bln ($15.17Mln) which is a 48.9% jump from TZS 23.3Bln that was generated in the first quarter of 2021(Q121).
Furthermore, the volume of socks traded also improved by over 12% from 36.8million shares traded in Q121 to 41.4million shares traded in the current quarter. Both total market capitalization and domestic capitalization rallied during the quarter.
The total market capitalization ended the quarter at a TZS 16.14Trn ($7.02Bln) mark, being about 5% up from TZS 15.36Trn of Q121. Similarly, the domestic market capitalization reached TZS 10.23Trn ($4.45Bln) about 10% up from TZS 9.25Trn ($4.02Bln) in a similar quarter last year.
This growth was in tandem with the market Indices, All Share Index (DSEI) and Tanzania Share Index (TSI). The DSEI gained 87 points and closed the quarter with 1,936.45points while the TSI added some 350 points and closed the quarter with 3,868.19 points. From the trend, it is clear that the domestic market was more bullish than the combined market which includes cross-listed counters.
The top gainer for the quarter was TCCL (Simba cement) which went up about 65% closing the quarter with a share price of TZS 1,820 up from TZS 1,100 at the beginning of the quarter, TCCL moved a total of 288,000 shares worth TZS 355Mln.
Following closely was NICO, which also went up 57% from TZS 300 per share at the beginning of the quarter to TZS 470 at the quarter-end. Other gainers included CRDB, NMB, TPCC, DSE and DCB counters.
CRDB went up 37% and closed the quarter at TZS 385 per share, NMB went up 35% and closed at TZS 2,700 per share, TPCC up 20% and closed at TZS 4,100 per share, DSE up 13% and closed at TZS 1,480 per share and DCB stock which also went up 2% to close the quarter at TZS 195 per share.
Notwithstanding the bullish trend, the domestic market has recorded for this quarter, a few counters from the domestic market had an opposite reaction.
JATU was the top loser, investors on this name have had a challenging quarter, as the counter was pushed 51% down to TZS 200 per share at the close of the quarter. Similarly, MCB (Mwalimu Commercial Bank) also decline significantly, to TZS 395 per share, about a 21% […]
