Africa-Press – Tanzania. The Dar es Salaam Stock Exchange’s Tanzania Share Index (TSI) has gone down by 1.65 points affected by Jatu share fall.
The TSI settled at 3,614.33 points at the end of the last Friday after Jatu registered a sharp share price drop.
Orbit Securities said in its weekly market synopsis that Jatu dropped by 27.16 per cent and closed the week at 590/- per share.
“The drop of the TSI was a result of a sharp drop of the price of Jatu, which took a turn since the previous week,” Orbit said yesterday.
The share drop of Jatu also affected the stock domestic market capitalization dropped by 0.046 per cent to close the week at 9.556tri/-.
Vertex International Securities said in its weekly report that all sectorial indices remain unchanged except Industrial and Allied (IA) that 0.08 per cent down due to Jatu impact.
“IA closed at 5,004.12 points, down by 0.08per cent as Jatu posted a huge decline,” Vertex said.
Others Banks, Finance and Investment (BI) closed at 2,505.06 like last week and Commercial Services (CS) closed at 2,138.49 points same as last week.
Also Vertex said the equity market continued with a subdued performance last week as turnover, volume and prices declined.
“Block trades waned,” Vertex said, “We expect the performance to improve [this] week as investors anticipate strong third quarter results for commercial banks.”
During the week that ended last Friday, domestic investors dominated the turnover wholesomely, despite the low performance that was recorded.
Zan Securities said in its weekly Markey Wrap-Ups that the domestic investors domination was a positive sign to the exchange as it shows that domestic investors are confident with equities market.
“We anticipate this domestic appetite on our exchange to roll over into [in this] week,” Zan Securities said.
Meanwhile, the All Share Index (DSEI) was not left behind as the index lost 17 points following a drop of prices of the two cross listed giants—KCB Bank and East African Breweries (EABL) both dropped by 3.92 per cent and 1.63per cent respectively.
The two giants neutralized the bull on the Jubilee Holdings (JHL) counter which appreciated by 5.48per cent. The DSEI closed the week at 1,972.64 points
