Tanzania Equity Watch | 2 July 2015: Tanzania equity market end three days in the red, adds TSZ 57 billion

Dar es Salaam, Tanzania (Capital Markets in Africa):- Tanzanian stock markets returned to positive after three days in the red. The market capitalization added TZS 57.40 billion to end at TZS 23,406 billion relative to TZS 23,349 recorded at yesterday’s trading session.

The Dar es Salaam Stock Exchange (DSEI) gained 6.60 points or 0.25 percent to close at 2,673.99 points. However, the Tanzanian domestic Share Index dropped 12.74 points or 0.27 percent to close at 4,676.89 points. The Banks, Finance & Investment (BI) sector index plunged 1.00 percent to end at 3,394.92 points. However, Industrial & Allied sector index remained flat at 6,067.82 points and the Commercial Services sector index also remained flat to close at 4,016.07 points.

From the market activity angle, a total turnover of TZS 1,534.17 million from 3,352,901 shares was traded in 54 deals compared to the previous session which recorded a turnover of TZS 17,328.50 million from 5,238,479 shares traded in 54 deals. CRDB sold 3,327,062 traded shares; SWALA Gas and Oil had 9,380 shares and Tanzania Breweries Limited recorded 8,010 volumes.

The market sentiment ended neutral, with 3 losers and 3 gainers. KCB Group tops the gainers’ chart, by adding 1.85 percent to end at TZS 1,100.00. It is followed by East African Breweries Limited, gaining 1.34 percent to settle at TZS 6,060.00 and then ACACIA Mining PLC Limited ending at TZS 9,310 after increasing by 0.98 percent.

On the other hand, News Media Group tumbled by 10.05 percent to end as biggest loser with closing price of KES 3,580. Similarly, National Microfinance Bank fell by 0.29 percent at TZS 3,450.00 and CRDB tumbled by 2.44 percent at TZS 400.00