TCC share prices record small drop.

Atlas Bear Shy at Dar Bourse? Naah… Looks Like He’s Dozing Off After Christmas!

By TZ Business News Staff.

The share sales turnover at the Dar es Salaam Stock Exchange (DSE) registered a significant drop during the first week of trading this January 2015; but the market is better capitalized than it was In January 2014.

The share sales turnover volume dropped from Tsh. 2,196.19 million worth of shares traded during the last week of December, 2014  to a mere Tsh. 47.61 million traded during the first week of  January 2015. In the meantime, DSE data indicates the current market capitalization is Tsh 22,345 Billion, compared to 16,967 Billion in January 2014.

The DSE Market Report released during the first week of January provides an indication the Dar es Salaam stock market is a bit sleepy this January, although share prices are holding steady—with the exception of Tanzania Cigarette Company (TCC) whose share price registered a small decline.

The share sales turnover measures market liquidity and can provide an indication how easy or difficult it is to buy or sell shares at the stock market during a particular period in time. But available DSE data shows the market tends to get more active as the year progresses away from the holidays. The bigger the turnover figure during a period, the easier it is to buy or sell shares during that time.

The Stock Exchange recorded a total turnover of Tsh. 47.61 million from 33,746 shares traded in 54 deals during the first week of January, 2015,  compared to the previous session [held during the last week of December 2014]–which recorded a turnover of  Tsh. 2,196.19 million from 765,102 shares traded in 68 deals.

The CRDB counter had 24,357 shares traded at weighted average price of Tsh. 430 per share in 34 deals. NMB counter had 7,640 shares traded at weighted average price of TSH. 3,500  per share in 5 deals. TBL counter had 9  shares traded at a weighted average price of TSH. 14,090  per share in 2 deals, the DSE report released on Friday, January 2 says.

SIMBA counter had 1,100 shares traded at weighted average price of TSH. 4,250 per share in 4 deals. TPCC counter had 80 shares traded at weighted average price of TSH. 4,000 per share in 5 deals. TCC counter had 300 shares traded at weighted average price of TSH. 16,300 per share in 1  deal. TOL counter had 10 shares traded at weighted average price of TSH. 550 per share in 1 deal.  SWISSPORT counter  had  50  shares  traded  at  weighted  average  price  of  TSH.  5,100  per  share  in  1  deal.

SWALA, the new comer at the stock exchange, did not sale any shares during the last week of December, the the counter  had  200  shares  traded  at weighted average price of TSH. 700 per share in 1 deal during the first week of January.

But share prices are holding steady at almost the same rate available last year, with the exception of TCC shares which have dropped from Tsh. 16,740 per share down to Tsh. 16,300/- per share in January. But TCC  is the most costly share price in the market, followed by Tanzania Breweries Limited (TBL) shares which are trading at a steady Tsh. 14,090 per share.

During the last week of December, 2014,  DSE recorded a total turnover of TSH. 2,196.19 million from 765,102 shares traded in 68 deals compared to the previous session which recorded a turnover of TSH. 1,628.75 million from 541,426 shares traded in 86 deals.

The CRDB counter had  605,082  shares traded at weighted average price of TSH.  430  per share in  19  deals.  The NMB counter had  18,217  shares traded at weighted average price of TSH. 3,400 per share in 13 deals. DCB counter had 1,000 shares traded at weighted average price of TSH. 720 per share in 2 deals.

TBL counter had  110,000  shares traded at weighted average price of TSH.  14,090  per share in  6  deals.  SIMBA counter had  6,500  shares traded at weighted average price of TSH. 4,500 per  share in  5  deals.

The TPCC counter had  733  shares traded at weighted average price of TSH. 4,000 per share in 5  deals. TCC counter had 14,690 shares traded at weighted average price of TSH. 16,740 per share in  12 deals. TOL counter had 10 shares traded at weighted average price of TSH. 550 per share in 1 deal.  SWISSPORT counter had 8,870 shares traded at weighted average price of TSH. 5,010 per share in 5 deals