FOR February, the DSE bourse recorded a 12.63% hike in the turnover generated on the equities market. The turnover recorded amounts to TZS 15.74Bln ($6.84Mln) against TZS 13.98Bln ($6.08Mln) that was generated on the previous month.
On the other hand, the number of shares traded declined by 45.59% from approximately 22 million shares in January to approximately 12million shares that had traded in February.
Thanks to TBL that had traded over a million shares that generated a turnover of TZS 10.00Bln ($4.35Mln). The turnover generated by TBL accounted for over 60% of the total DSE equity turnover for February.
Despite being the top mover, the counter maintained its price level that has not changed since 2020 hence the transactions mostly happened on the pre-arranged board which has no impact on the closing price of the respective counter.
The cement sector’s Simba Cement (TCCL) was the overall top gainer for the month, jumping 30% up from TZS 1,000 to TZS 1,300 per share at the close of the month. The cliffhanger announcement for the possible acquisition of the company had since made the counter attractive to investors while its shares went scarce pushing up the stock’s price.
The counter traded a total of 107,099 shares generating a turnover of TZS 128.3Mln. Following the same acquisition, the story is TPCC (Twiga cement) whose parent company is supposedly the acquirer of the majority of TCCL’s shares. TPCC went up 15.29% in February closing at TZS 3,920 per share.
The Banks, Finance and Investments Index (BI) remained extensively bullish during February receiving a push from NMB, CRDB, DSE and NICOL. Leading the group was NMB, which recorded a 19.3% hike from TZS 2,280 to TZS 2,720 at the end of the month.
The counter generated a TZS 677.34Mln turnover. NICO also rallied by 15% closing the month at TZS 345 per share transacting shares worth TZS 135.05Mln, CRDB which generated a total of TZS 2.03bln turnover also edged upwards, closing at TZS 350per share equivalent to 7.69% increment. DSE gained 6.06% up from TZS 1,320 to TZS 1,400 per share also generating turnover worth TZS 224.57Mln from 169,715 shares that had traded.
On the other hand, JATU the top loser and the only loser for the month, closed down by 19%, declining by 75 spreads to close at TZS 320 per share.
The counter transacted just over 87,000 shares generating TZS 30.7Mln turnover. The market, in general, portrayed a positive sentiment for […]
