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Tanzania: Gold Mining Firm Top Gainer on Dar Stock Exchange

Posted on : Tuesday , 10th January 2017

ACACIA mining was the top gainer in Dar es Salaam Stock Exchange (DSE) last Friday as the market continued with a bear run.

 
According to market report, shares of the gold mining company gained by 7.13 per cent after closing the day trading at 10,820/- up from 10,100/-.
 
The top movers CRDB Bank, which had 1,614,966 shares traded at weighted average price of 215/- per share in 82 deals down from 250/- on opening of trading in Friday and Dar es Salaam Stock Exchange whose counter had 3,802 shares traded at weighted average price of 1,100/- per share in 4 deals.
 
Another top mover was Mkombozi Commercial Bank whose counter had 29,700 shares traded at weighted average price of 1,000/- per share in 2 deals.
 
The share price remained unchanged. NMB counter had 1,038 shares traded at weighted average price of 2,360/- per share in 5 deals, down from 2,750/- from previous closing. Swissport counter had 31 shares traded at weighted average price of 5,000/- per share in 4 deals.
 
Tanzania Breweries Limited counter had 200 shares traded at weighted average price of 11,400/- per share in one deal and Tanzania Cigarette Company counter had 330 shares traded at weighted average price of 11,900/- per share in two deals.
 
The bourse recorded a total turnover of 389.44 million from 1,650,067 shares traded in 100 deals compared to the previous session which recorded a turnover of 5,789.46 million from 522,531 shares traded in 46 deals.
 
DSEI decreased 10 points or 0.44 per cent to 2,145 on Friday January 6 from 2,154 in the previous trading session DSEI decreased 10 points or 0.44 per cent to 2,145 on Friday January 6 from 2,154 in the previous trading session.
 
The trading on Friday is an extension of a bear run of the bourse where stocks headed for a flat or down finish which is described by analysts as normal towards the end of the year. Historically the DSEI all share index follows a cyclic pattern where the index peaks in the months of July and August and dips down again towards the year end.

Source : allafrica.com

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