Tanzania: The performance of DSE plunges into the depreciation of listed companies

Dar es Salaam – The performance of the Dar es Salaam Stock Exchange (DSE) fell last week after the depreciation of most publicly traded securities.

down to Sh368.62 million last week from Sh1.77 billion recorded the previous week. Despite more active counters (11 wickets) last week compared to eight active wickets the previous week, performance, especially that of publicly traded companies, was weak.

The main stock exchanges included CRDB Bank, Tanzania's Portland Cement Company (TPCC), which reported a net profit of 27.2 billion shillings for six months on June 30 and Vodacom in Tanzania. The other active meters were the National Investment Company (Nicol), Swissport Tanzania Ltd, Tanzania Breweries Ltd. (TBL) and NMB Bank.

The All Share Index (DSEI) which measures the performance of all companies was appreciated 1.48 percent to close week with 2,316.67 points last Friday against 2,282.39 points at the end of the previous week. The publicly traded Nation Media Group stock price rose 0.49% to 2,050 shillings on Friday against 2,040 shillings on Thursday. Other listed companies like Acacia, Jubilee Insurance, KCB Bank and Uchumi Supermarket depreciated on Friday

On the other hand, the Tanzanian Stock Index (TSI) that measures the performance of local listed companies slightly increased to 4.207.81 points against 4.207.62 points. at the end of the previous week, thanks to Nicol's good performance.

The Nicol stock price rose 10.42% at Sh365 on Friday against Sh340 on Thursday.

The market capitalization of the DSE increased from Sh330.44 billion to 22.33 billion shillings on Friday against 22 trillion shillings recorded the Friday of the previous week. The increase in market capitalization results from the increase in the share price of some companies