{"id":5385,"date":"2020-03-17T15:08:01","date_gmt":"2020-03-17T15:08:01","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=5385"},"modified":"2020-03-17T15:08:01","modified_gmt":"2020-03-17T15:08:01","slug":"dse-turnover-plunges-down-60pc-in-seven-days","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days","title":{"rendered":"DSE TURNOVER PLUNGES DOWN 60PC IN SEVEN DAYS"},"content":{"rendered":"
\n

DAR ES SALAAM Stock Exchange (DSE) bearish mode continue for the second week as the market plunged further in what seems as financial implications caused by coronavirus pandemic.<\/p>\n

The market turnover plunged to 75.17m\/-last Friday against previous week 182m\/-to affect also the bourse indices\u2014DSE Index and Tanzania Share Index (TSI).<\/p>\n

Zan Securities Chief Executive Officer (CEO), Raphael Masumbuko said bearish mode might continue toward the end of quarter one.<\/p>\n

\u201cWe do not expect a pick-up in activity until the end of this quarter,\u201d Mr Masumbuko said through Weekly Market Wrap-ups.<\/p>\n

He further said \u201cthe equity market has posted abysmal performance due to ongoing global events [Covid-19]\u201d.<\/p>\n

DSE\u2019s total market capitalisation declined by 3.27 per cent to 16.51tri\/- while domestic market capitalisation\u00a0slipped 0.43 per cent to close at 9.18tri\/.<\/p>\n

Orbit Securities said in its weekly synopsis report that for a second week in a row, foreign investors\u2019 participation into DSE was minimal.<\/p>\n

\u201c[This was] due to uncertainties in the global financial markets thus investors parking funds in safe assets,\u201d Orbit report showed.<\/p>\n

During the week, foreign investors participated on the buying side, with a net inflow of 722 US dollars.<\/p>\n

Locals dominated the market with a participation rate of 97.8 percent and 100 per cent on the buying and sell side respectively.<\/p>\n

\u201cThe significant drop of foreign portfolio investment into Dar es Salaam is on the bigger part caused by the global widespread of the coronavirus which keeps on causing mayhem in Europe and America,\u201d the report showed.<\/p>\n

During the week under review, Orbit Securities said, the New York Stock Exchange hit the circuit breaker twice, Monday and Thursday, after the market decelerated more than 7.0 percent in a matter of minutes.<\/p>\n

\u201cRoughly 17 trillion US dollars has been wiped out of stock exchanges worldwide in just 52 days,\u201d Orbit report said.<\/p>\n

MSCI\u2019s All-Country World Index, the broadest measure of global stock markets, plunged by 12.4 per cent last week, and its heaviest losses since Lehman Brothers failed in 2008.<\/p>\n<\/div>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

DAR ES SALAAM Stock Exchange (DSE) bearish mode continue for the second week as the market plunged further in what seems as financial implications caused by coronavirus pandemic. The market turnover plunged to 75.17m\/-last Friday against previous week 182m\/-to affect also the bourse indices\u2014DSE Index and Tanzania Share Index (TSI). Zan Securities Chief Executive Officer […]<\/p>\n","protected":false},"author":84,"featured_media":1529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[886,1801,888],"class_list":["post-5385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-dse","tag-raphael-masumbuko","tag-tsi"],"yoast_head":"\nDSE TURNOVER PLUNGES DOWN 60PC IN SEVEN DAYS - Tanzania<\/title>\n<meta name=\"description\" content=\"DAR ES SALAAM Stock Exchange (DSE) bearish mode continue for the second week as the market plunged further in what seems as financial\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DSE TURNOVER PLUNGES DOWN 60PC IN SEVEN DAYS\" \/>\n<meta property=\"og:description\" content=\"DAR ES SALAAM Stock Exchange (DSE) bearish mode continue for the second week as the market plunged further in what seems as financial\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-17T15:08:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/01\/5de16ce0769b634daaa6b0916331ffeb.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"DSE TURNOVER PLUNGES DOWN 60PC IN SEVEN DAYS\",\"datePublished\":\"2020-03-17T15:08:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days\"},\"wordCount\":334,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/01\/5de16ce0769b634daaa6b0916331ffeb.jpeg\",\"keywords\":[\"DSE\",\"Raphael Masumbuko\",\"TSI\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days\",\"name\":\"DSE TURNOVER PLUNGES DOWN 60PC IN SEVEN DAYS - Tanzania\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/01\/5de16ce0769b634daaa6b0916331ffeb.jpeg\",\"datePublished\":\"2020-03-17T15:08:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"DAR ES SALAAM Stock Exchange (DSE) bearish mode continue for the second week as the market plunged further in what seems as financial\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/01\/5de16ce0769b634daaa6b0916331ffeb.jpeg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/01\/5de16ce0769b634daaa6b0916331ffeb.jpeg\",\"width\":700,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/tanzania\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DSE TURNOVER PLUNGES DOWN 60PC IN SEVEN DAYS\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/\",\"name\":\"Tanzania\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"DSE TURNOVER PLUNGES DOWN 60PC IN SEVEN DAYS - Tanzania","description":"DAR ES SALAAM Stock Exchange (DSE) bearish mode continue for the second week as the market plunged further in what seems as financial","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days","og_locale":"en_US","og_type":"article","og_title":"DSE TURNOVER PLUNGES DOWN 60PC IN SEVEN DAYS","og_description":"DAR ES SALAAM Stock Exchange (DSE) bearish mode continue for the second week as the market plunged further in what seems as financial","og_url":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days","og_site_name":"Tanzania","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2020-03-17T15:08:01+00:00","og_image":[{"width":700,"height":400,"url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/01\/5de16ce0769b634daaa6b0916331ffeb.jpeg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"DSE TURNOVER PLUNGES DOWN 60PC IN SEVEN DAYS","datePublished":"2020-03-17T15:08:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days"},"wordCount":334,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/01\/5de16ce0769b634daaa6b0916331ffeb.jpeg","keywords":["DSE","Raphael Masumbuko","TSI"],"articleSection":["all news","Economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days","url":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days","name":"DSE TURNOVER PLUNGES DOWN 60PC IN SEVEN DAYS - Tanzania","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/01\/5de16ce0769b634daaa6b0916331ffeb.jpeg","datePublished":"2020-03-17T15:08:01+00:00","author":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"DAR ES SALAAM Stock Exchange (DSE) bearish mode continue for the second week as the market plunged further in what seems as financial","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#primaryimage","url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/01\/5de16ce0769b634daaa6b0916331ffeb.jpeg","contentUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/01\/5de16ce0769b634daaa6b0916331ffeb.jpeg","width":700,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-turnover-plunges-down-60pc-in-seven-days#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/tanzania\/"},{"@type":"ListItem","position":2,"name":"DSE TURNOVER PLUNGES DOWN 60PC IN SEVEN DAYS"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/tanzania\/#website","url":"https:\/\/www.africa-press.net\/tanzania\/","name":"Tanzania","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/5385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/comments?post=5385"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/5385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media\/1529"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media?parent=5385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/categories?post=5385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/tags?post=5385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}