Even though the overall 1st quarter turnovers at the Dar es Salaam Stock Exchange (DSE) plummeted to Sh85.9 billion from Sh195.3 billion recorded during the fourth quarter of last year, local participation in the bourse has increased.
Local investments at the close of the fourth quarter last year were perched at 1.55 per cent of all value of buying activities, but there was a slowdown of their activities on selling shares as during the fourth quarter they accounted for 47.24 per cent.
Nonetheless, of this amount, it is foreign investments that took center stage representing Sh81.9 billion (95.3 percent) of all share purchases. Foreign investors again dominated the share sells with Sh57.5 billion sells (66.9 per cent).
Local investment represented 4.65 per cent of share purchases and 33.8 per cent of share sells.
Capitalization
From Sh23 trillion at the closing day of the fourth quarter (29th Dec 2017) there was slight upward movement in the overall capital ledgers climbing to Sh23.1 trillion at the close of the first quarter at the end of March.
All in all, there was good performance in local market capitalization up to Sh10.7 trillion by the close of the first quarter of this year from Sh10.27 trillion that was recorded at the close of the fourth quarter.
DSE Ceo Message: Closing Equity Dec 2017
The total market size of the 19-domestic listed companies, as measured by market capitalization, and the liquidity (trading turnover) during the quarter that ended 31st December 2017 both increased when compared to the quarter ended 30th September 2017.
The total domestic market capitalization increased by 5.5 percent (i. TZS 532 billion) to close the quarter at TZS 10,275 billion from TZS 9,743.35 billion as of 30th September 2017 — this was largely a result of increase in share prices for the three counters Tanzania Breweries Limited (TBL); VODACOM Tanzania PLC (VODA) and Tanzania Cigarettes Company (TCC) whose prices increased from TZS 13,300 to TZS 14,000 for TBL; from TZS. 770 to TZS 850 for VODA and from TZS 11,050 to TZS 16,800 for TCC.
There were decreases in prices for some counters i.e. Swissport, Simba, DSE, DCB and CRDB – however, given the weight of VODA, TBL, and TCC in the domestic market capitalization computation and its index, such decrease in other counters could not counter the increase in prices for the counters mentioned above, to pull down the domestic market capitalization and related indices.
