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Dar stock market’s all-share index closes 2.43 points up

What you need to know:

  • The Dar es Salaam Stock Exchange all shares index (DSEI) closed 2.43 points up on Wednesday this week to 2,092.03 points compared with 2089.60 points recorded during the previous auction.

Dar es Salaam. The Dar es Salaam Stock Exchange all shares index (DSEI) closed 2.43 points up on Wednesday this week to 2,092.03 points compared with 2089.60 points recorded during the previous auction.

The DSE market report shows that the improvement of the index was a result of increased share prices among listed companies mainly Acacia, East African Breweries (EABL) and Nation Media Group (NMG).

Acacia share price gained by 0.92 per cent to close at Sh4,400 from the previous day closing price of Sh4,360, pushing up the company market capitalisation by Sh200 billion to Sh1.8 trillion from Sh1.6 trillion. This is happening when the Canadian Barrick Gold Group, which owns 64 per cent shares of Acacia announced an unconfirmed plan to acquire all shares of the company in a deal that is currently estimated at $300 million.

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The DSE market report has also shown that the EABL share price gained by 0.99 per cent to a closing price of Sh4,080 on Wednesday from Sh4,040 recorded during Tuesday’s close. The company’s market capitalisation also improved by Sh100 billion to Sh3.2 trillion on Wednesday’s close from Sh3.1 trillion recorded during Tuesday’s close.

The Nation Media Group counter experienced the highest share gain at 1.28 per cent to Sh1,580 during Wednesday’s close from Sh1,560 recorded on Tuesday, which pushed up its market capitalisation to Sh297 billion from Sh294 billion.

The market report shows that a total turnover of Sh82 million recorded during the day from the transaction of 108,929 shares traded in 31 deals. All shares were sold by local shareholders in CRDB Bank, DSE, NICO, TBL and Tanzania Portland Cement Company (TPCC), of which the majority, 74.65 per cent, of the buying value were bought by foreign investors.

Summary. Foreign investors have continued to increase their entrance on the Dar es Salaam Stock Exchange (DSE) this time, following the slight decrease of share prices by almost all active counters, as local investors are floating to seek funds for yearend financial requirements.

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