Dar Stock Exchange sick for 2nd month

The Dar es Salaam Stock Exchange is yet to recover from the bearishness for two months. Its turnover dropped by 72.53 per cent last week from Sh226.65 million the previous week.

KA, EABL, JHL, TOL, Tatepa and KCB counters were sleepy while those of TBL, Simba, Swissport, NMB and Twiga traded marginally.

The Citizen weekly review shows 72,893 shares were transacted in 71 deals last week compared with 250,587 shares traded in 155 deals a week earlier.

The Twiga counter traded 6,610 shares worth Sh10.44 million in 22 deals last week. It transacted 1,959 shares worth Sh3.1 million in nine deals the previous week.

The TBL counter turnover decreased to Sh8.92 million from 4,954 shares transacted in 12 deals last week compared with Sh50.32 million from 27,957 shares traded in 22 deals a week earlier.

The Simba counter had the turnover of Sh1.46 million which was realised from trading 800 shares in three deals. Its turnover which was obtained from 46,300 shares traded in four deals the previous week was Sh84.27 million.

Swissport counter had 328 shares worth Sh0.19 million transacted in four deals last week, as the preceding week the firm was inactive.

NMB�s counter turnover dropped to Sh38.26 million, which was realised from 51,010 shares transacted in 23 deals last week. It traded 159,367 shares worth Sh123.71 million in 77 deals the previous week.

The bourse market capitalisation fell to Sh4,749.94 billion last week from Sh4,755.28 billion the previous week. That was inline with the decline in market capitalization of local companies to Sh1,552.77 billion against Sh1,558.12 billion.

Declines in both market capitalisations were on account of drop in NMB market capitalization that went down by Sh5 billion to Sh375 billion last week.

The bourse share index fell to 1210.52 last week from 1211.88 the previous week, with TSI having decreased to 930.84 from 934.04. Most companies� market capitalisations and share prices stagnated.