Foreigners inject 1.2bn/- at DSE on shares exchange

08Apr 2023
The Guardian Reporter
DAR ES SALAAM
Business
The Guardian
Foreigners inject 1.2bn/- at DSE on shares exchange

Foreign investors dominated the activities at the Dar es Salaam Stock Exchange (DSE) ahead of Easter, after injecting a total of 1.218bn/- during the last trading day of this week through shares buying, which were also floated by fellow foreigners, accounting for 92.75 percent of total value of -

 shares bought during the day.

 

The DSE daily market reports show foreign investors exchangedhands 700,394 Dar es Salaam Stock Exchange (DSE) shares in four deals, of which 700,000 were transacted through block trade pre-arrangement market board at a price of 1,740/- per share.

The amount was nearly a third of 3.5bn/- injected by foreign investors during the first quarter of this year, ended in March, according to the market report.

However, foreign investors made a net outflow of 6mn/- during the first week of this month, as turnover from shares they sold amounted 1.224bn/-, which is 78 percent of total value of shares sold in the market.

The market report shows that local investors injected nearly 350mn/- through share buying during the ending week, which is 22.06 percent of total value of shares bought in the market.

According to the daily market, a total turnover of 1.3bn/ recorded on Thursday close, from 848,193 shares traded in 66 deals.

Top mover was DSE, which transacted shares valued 1.22bn/-, followed by CRDB Bank with 59.2mn/- turnover through transaction of 118,475 shares traded in 40 deals at a price ranging from 495/- and 500/- per shares.

Tanzania Portland Cement Company (TPCC) was the third top mover after recording a turnover of 19.7mn/- following the transaction of 4,805 shares traded on one deal at a price of 4,100 per share.

Other active mover included NICO, which recorded a turnover of 8.3mn/- followed by NMB Bank Plc with 3mn/-, Tanga Cement Company Limited with 3mn/- and Tanzania Breweries Limited with 0.6mn/-.

Top gainer during the day was CRDB Bank Plc which its share price increased by 1.01 percent to 500/- on Thursday close, from 495/- recorded on Wednesday close, pushing its market capitalization to 1.31trn/- from 1.29trn/- respectively.

This also pushed the Bank, Finance and Investment (BF) Index by 16.01 points to 4,001.16 points on Thursday close, from 3,985.15 points on Wednesday close.

Second top gainer was East African Breweries Limited (EABL) which its share price increased by 0.68 percent to 2,980/- on Thursday close compared with 2,680/- recorded on Wednesday close, which increased its market capitalization to 2.35trn/- from 2.34trn/- respectively.

Losers during the closing day of the week were TCCL which its share price decreased by 7.81 percent followed by Jubilee Holding Limited (JHL) by 7.74 percet, NMG by 3.57 percent, KCB by 1.59 percent and NICO by 1.23 percent.

According to the market report, the Tanzania Share Index (TSI) gained by 2.41 point to 4,107.04 points on Thursday close, compared with 4,104.63 points on Wednesday close, following the increase of CRDB Bank share price, amid decreases TCCL and NICO share prices.

All Shares Index (DSE) wend down by 3.21 points to 1,892.16 points on Thursday close, compared with 1,895.37 points recorded on Wednesday close, due to decreased of shares among local and cross listed companies.

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