In Summary

The decrease DSEI was a result of fall in share prices among Kenya cross-listed companies including Jubilee Holdings Ltd. (JHL), Kenya Airways (KA) and Kenya Commercial Bank (KCB).

Dar es Salaam. The Dar es Salaam Stock of Exchange All Share Index (DSEI) closed 3.42 per cent lower on Monday to 2,417.24 points from 2,420.66 points closed on Friday last week.

The decrease DSEI was a result of fall in share prices among Kenya cross-listed companies including Jubilee Holdings Ltd. (JHL), Kenya Airways (KA) and Kenya Commercial Bank (KCB).

The DSE market report has shown that KA share prices fell by 2.0 per cent to a closing price at Sh245 on Monday from Sh450 recorded on Friday’s close.

KCB share prices decreased by 1.32 per cent to Sh1,125 on Monday from Sh1,140 on Friday, while JHL shares price went down by 0.08 per cent to Sh11,960 from Sh11,970 respectively.

The report shows that the Tanzania Share Index (TSI) remained flat during the period under review at 4,160.32 points as there were no share price gains of loses among locally listed companies.

Total turnover during the opening day of the week was Sh1.28 billion recorded from transaction of 182,905 shares in 26 deals.

Foreign investors injected Sh1.23 billion through buying shares, which was 96.12 per cent and Sh244 million through selling shares, which was 18.94 per cent.

Local investors sold 81.06 per cent of all shares sold during the day while bought 3.88 per cent of the value of share bought.

Tanzania Breweries Ltd (TBL) recorded a highest turnover amounting Sh1.4 billion from trading 104,902 shares in four deals at Sh16,100 followed by Vodacom Tanzania which recorded a total turnover of Sh29.6 million from trading 37,100 shares in 17 deals at Sh800.

Other active counters during the opening day of the week were Tanzania Portland Cement Company (TPCC), CRDB Bank, Swissport Tanzania Plc and Maendeleo Bank Plc (MBP).

The total market capitalization decreased by Sh32.9 billion to Sh23, 278.21 billion on Monday from Sh23, 311.11 billion recorded on Friday last week.

The shrinking of the market capitalization was a result of decrease in share prices among cross-listed companies.