Tanzania Stock Exchange opens week on low note

The Dar es Salaam Stock Exchange (DSE) opened the week on a low note, with the market capitalisation down by Sh290 billion to Sh21.9 trillion on Monday from Sh22.19 trillion on Friday.

The decrease in the market capitalisation was a result of a fall in share prices among cross-listed companies included Acacia (ACA), Kenya Airways (KA), Nation Media Group (NMG) and Kenya Commercial Bank (KCB).

The DSE market report shows that ACA share price decreased by 4.16 per cent to Sh3,340 on Monday from Sh3,485 on Friday, KA share price fell by 5.77 per cent to close a day at Sh245 on Monday from Sh260 on Friday.

NMG share price decreased by 0.47 per cent to Sh2,110 on Monday from Sh2,120 on Friday while the KCB share price fell to Sh1,070 from Sh1,090.

The decrease in share prices for cross-listed companies has resulted in the shrinkage of the Dar es Salaam Stock Exchange All Share Index (DSEI) by 21.03 per cent to 2,281.98 points on Monday from 2,303.01 points at on Friday.

However, the Tanzania Share Index (TSI) slightly gained by 0.54 per cent to 4,196.23 points on Monday from 4,195.69 points during that time.

TSI’s increase resulted from a rise in the share price of DSE to Sh1,580 from Sh1,520. Its share price remained stable among equities of locally listed companies.

The total turnover stood at Sh166.16 million, which was accrued from transacting 219,891 shares in 90 deals.

Foreign investors injected Sh145.42 million through buying shares. The amount accounted for 87.52 per cent of purchases while local investors injected 12.48 per cent of the buying value.

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