Bourse indices up as share prices of Nicol, Acacia rise

Dar es Salaam. Dar es Salaam Stock Exchange (DSE) share indices closed green on Tuesday this week, thanks to appreciation of share prices by Acacia Mining and Nicol.

A market report shows that the Tanzania Share Index (TSI), which measures the performance of locally-listed companies, gained to 3,481.50 points on Tuesday’s close from 3481.37 points recorded during Monday’s close.

The DSE All-Share Index (DSEI) appreciated to 2,069.00 points during Tuesday’s close from 2,066.79 points the previous closing.

Nicol share prices increased to a closing Sh165 on Tuesday from the previous closing at Sh160 while Acacia share prices gained to Sh6,100 during Tuesday’s close from Sh6,000 during the previous closing session.

Nicol also own 6.6 per cent of NMB, which is listed on DSE.

The report shows that NMG and Jubilee Holdings Limited (JHL) share prices depreciated as they eased on the Nairobi Securities Exchange (NSE) where the companies were originally listed.

The JHL share price fell to Sh9,500 on Tuesday from Sh9,550 on Monday while that of NMG decreased to Sh1,360 from Sh1,420.

Share prices of remaining companies -- cross-listed and locally listed -- remained flat during the period. The report indicated that a total turnover of Sh22.48 million was recorded on Tuesday from transacting 24,640 shares in seven deals.

Top movers during the day were Tanzania Portland Cement Company (TPCC) which recorded a turnover of Sh20 million from trading 9,640 shares at between Sh2,020 and Sh2,100 in six deals and Nicol, which recorded a turnover of Sh2.4 million from transacting 15,000 shares in one deal at Sh165.

DSE was incorporated in September 1996 and trading started in April 1998. It is a member of the African Stock Exchanges Association. The exchange is open five days a week, from Monday through Friday.

The activities of the exchange are monitored and supervised by the Capital Markets and Securities Authority.