With three working days only last week, business at the Dar es Salaam Stock market declined with a turnover falling by 64.89 to 2.05bn/- compared to 5.85bn/- recorded in the previous session.
The government declared Monday a public holiday to celebrate 50 years of Zanzibar Revolution and Tuesday was a Maulid Day.
Activity levels at the market plummeted by 87.02 per cent compared to the volumes transacted in the preceding period where a total of 1,583,595 shares were moved down from 12,199,566 shares traded in the previous week.
According to the Tanzania Securities Limited (TSL) weekly market commentary, foreigners accounted for 22 per cent of the week’s turnover.
The DSE all Share Index lost 0.69 per cent to 1,903.34 points but the Tanzania Share Index (TSI) closed at 1.15 per cent up at 2,881.71 points supported by the CRDB, NMB, Simba and TBL counters.
The Banking Segment Index settled 2,551.73 points, 1.06 per cent stronger than previous period due to the gain in NMB and CRDB’s prices from 2,620/- to 2,640/- and from 285/- to 290/-respectively.
The Industrial & Allied Index also strengthened further to 3,457.6 points (+1.26%) buoyed by the Simba and TBL counters that gained TZS 300 and TZS 100 to TZS 2,320 and TZS 8,100 respectively.
During the period under review, the Banking sector moved 35 per cent of the market turnover and 89 per cent of the total volume that changed hands at the bourse.
CRDB maintained its rally for most of the week with its counter transacting 1,223,553 shares during the week at a prices of 285/- and 290/-.
NMB had 129,949 shares that changed hands during the week at prices of 2,620/- and 2,640/-. The Industrial and Allied Segment posted a higher turnover with TBL counter maintaining its lead this week.
The counter traded 271,016 shares during the week at prices of 8,000/- and 8,100/- per share. Twiga counter transacted 7,555 shares with its price remaining flat. Simba traded 4,687 shares at 2,320/- per share.
Swissport counter had 7,041 shares transacted at prices of 2,700/- and 2,680/-. A total of 700 shares of TOL were transacted with its price closing the week at 310/- per share.
TCC counter had 520 shares traded at 8,600/-. There were no activities on TTP and PAL counters during the week.