{"id":6565,"date":"2020-04-06T12:47:06","date_gmt":"2020-04-06T12:47:06","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=6565"},"modified":"2020-04-06T12:47:06","modified_gmt":"2020-04-06T12:47:06","slug":"dse-performance-plunges-down","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-performance-plunges-down","title":{"rendered":"DSE PERFORMANCE PLUNGES DOWN"},"content":{"rendered":"
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AfricaPress-Tanzania:<\/strong> DAR ES SALAAM Stock Exchange (DSE), continued with low performance last week as the turnover slumped to 66.56m\/-due to the impact of coronavirus outbreak.<\/p>\n

DSE equity market since the beginning of last month succumbed to coronavirus effect that had triggered circuit-breakers for some global and regional markets such as Kenya’s Nairobi Securities Exchange and US New York Exchange to avoid panic selling.<\/p>\n

The market turnover dropped to 66.56m\/-to a week ending last Friday against previous week\u2019s 95.68m\/-.<\/p>\n

Zan Securities Chief Executive Officer (CEO), Raphael Masumbuko attributed the weekly low turnover to effect of deadly coronavirus that have infected over one million people globally.<\/p>\n

“The equity market continued with low performance as all markets are still grappling with the effect of COVID-19,” Mr Masumbuko said in the firm’s weekly market wrap-ups.<\/p>\n

Mr Masumbuko said during the week under review price movement was recorded in one domestic listed equity, Twiga cement.<\/p>\n

The price movement was noticed in Twiga counter that lost 0.91 per cent of its value to close at 2,180\/-per share.<\/p>\n

Despite southward price movement, total market capitalization increased by 1.03 per cent to 14.59tri\/-while the domestic market capitalisation stayed same at 9.14tri\/-.<\/p>\n

On key benchmark indices closed Tanzania Share Index (TSI) closed at 3,482.74 points, which was 0.04 per cent down.<\/p>\n

On other hands All Share Index (DSEI) increased 1.03 per cent to close the week at 1,757.59 points.<\/p>\n

Sectorial indices which showed a mix trend were Industrial and Allied Index (IA) closed at 4,775.53 points, 0.07 percent down.<\/p>\n

Bank, Finance and Investment Index closed at 2,150.05 points like the week before and Commercial Services Index closed at 2,362.38 points, same as last week.<\/p>\n

According to World Economic Forum, fortnight ago, the stock market has responded to the COVID-19 pandemic with worrying volatility, as traders have panic-sold out of fear.<\/p>\n

“As a result of the recent turmoil, the market-wide circuit-breakers that attempt to prevent panic-trading, have been triggered four times alone last month,” World Economic Forum said mid last month<\/p>\n<\/div>\n

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AfricaPress-Tanzania: DAR ES SALAAM Stock Exchange (DSE), continued with low performance last week as the turnover slumped to 66.56m\/-due to the impact of coronavirus outbreak. DSE equity market since the beginning of last month succumbed to coronavirus effect that had triggered circuit-breakers for some global and regional markets such as Kenya’s Nairobi Securities Exchange and […]<\/p>\n","protected":false},"author":84,"featured_media":6554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[886,887,1801,888],"class_list":["post-6565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-dse","tag-dsei","tag-raphael-masumbuko","tag-tsi"],"yoast_head":"\nDSE PERFORMANCE PLUNGES DOWN - Tanzania<\/title>\n<meta name=\"description\" content=\"DAR ES SALAAM Stock Exchange (DSE), continued with low performance last week as the turnover slumped to 66.56m\/-due to the impact of\" \/>\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-performance-plunges-down\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DSE PERFORMANCE PLUNGES DOWN\" \/>\n<meta property=\"og:description\" content=\"DAR ES SALAAM Stock Exchange (DSE), continued with low performance last week as the turnover slumped to 66.56m\/-due to the impact of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-performance-plunges-down\" \/>\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=\"2020-04-06T12:47:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/04\/6b3433fdc0bf61e5568695ac34339e13.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"978\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\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-performance-plunges-down#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-performance-plunges-down\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"DSE PERFORMANCE PLUNGES DOWN\",\"datePublished\":\"2020-04-06T12:47:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-performance-plunges-down\"},\"wordCount\":333,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-performance-plunges-down#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/04\/6b3433fdc0bf61e5568695ac34339e13.jpg\",\"keywords\":[\"DSE\",\"DSEI\",\"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-performance-plunges-down#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-performance-plunges-down\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-performance-plunges-down\",\"name\":\"DSE PERFORMANCE PLUNGES DOWN - 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