{"id":7095,"date":"2020-04-15T15:44:11","date_gmt":"2020-04-15T15:44:11","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=7095"},"modified":"2020-04-15T15:44:11","modified_gmt":"2020-04-15T15:44:11","slug":"local-investors-dominate-dse-business-as-global-market-battles-coronavirus","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/local-investors-dominate-dse-business-as-global-market-battles-coronavirus","title":{"rendered":"LOCAL INVESTORS DOMINATE DSE BUSINESS AS GLOBAL MARKET BATTLES CORONAVIRUS"},"content":{"rendered":"

AfricaPress-Tanzania:<\/strong> THE Dar es Salaam Stock Exchange (DSE) trading has been dominated by local investors for second week in a row as global markets feel the bite of covid-19.<\/p>\n

The virus pushed foreigners in lockdown to miss the show for consecutive two weeks thus pushing south total equity turnover by 3 1.7 per cent.<\/p>\n

Orbit Securities said in its weekly synopsis that total reported turnover dropped by 31.7 per cent to 4 5.4 6 m\/- from a total volume of 0.29million shares.<\/p>\n

\u201cForeign investors are still tightened by the ongoing uncertainties of the coronavirus as global financial markets are still in a frenzy zone,\u201d Orbit said.<\/p>\n

During the week before Easter break, CR DB moved 98.5 per cent of the total volume of shares.<\/p>\n

The Tanzania Share Index (TSI) lost 4 .97 points during the week following a 0.14per cent drop of the domestic market capitalization.<\/p>\n

The domestic market cap closed the week at 9.13 tri\/-compared to the previous week\u2019s 9.14 tri\/- .<\/p>\n

The retreat of the domestic cap is due to the fall on the CRDB counter by 3.57 per cent to 13 5\/- a share.<\/p>\n

The leading bank realized a turnover of 3 9.14 m\/-, accounting for 86 per cent of the total equity turnover realized during the week.<\/p>\n

\u201cThe bank remains the most liquid counter on the market during this uncertain period,\u201d Orbit said. Twiga Cement accounted for 11.3 per cent of the total realized turnover.<\/p>\n

Twiga reported a growing business in their annual report released during the week.<\/p>\n

Topline revenue grew by 6.2 per cent while net profit grew by 5 per cent. Net margin slightly fell by 20bps to 17.1 per cent.<\/p>\n

Nevertheless, All Share Index (DSEI) \u201cclimbed back on the bear\u201d after a slight deterioration of 0.51 per cent, Orbit said.<\/p>\n

The index lost 8.95 points to close the week at 1,748.6 4 points while the total market cap closed the week at 14.51tri\/-.<\/p>\n

DSEI was pulled down by Kenya Airways that lost the most during the week as the price dropped by 16.7 percent followed by EABL which dropped by 1.86 per cent.<\/p>\n

Jubilee Holdings and National Media G roup all grew by 2.52 per cent and 3.85 per cent respectively but were not enough to offset the bear<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Tanzania: THE Dar es Salaam Stock Exchange (DSE) trading has been dominated by local investors for second week in a row as global markets feel the bite of covid-19. The virus pushed foreigners in lockdown to miss the show for consecutive two weeks thus pushing south total equity turnover by 3 1.7 per cent. Orbit […]<\/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":[2322,886,887],"class_list":["post-7095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-covid-19","tag-dse","tag-dsei"],"yoast_head":"\nLOCAL INVESTORS DOMINATE DSE BUSINESS AS GLOBAL MARKET BATTLES CORONAVIRUS - Tanzania<\/title>\n<meta name=\"description\" content=\"THE Dar es Salaam Stock Exchange (DSE) trading has been dominated by local investors for second week in a row as global markets feel the bite of covid-19.\" \/>\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\/local-investors-dominate-dse-business-as-global-market-battles-coronavirus\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LOCAL INVESTORS DOMINATE DSE BUSINESS AS GLOBAL MARKET BATTLES CORONAVIRUS\" \/>\n<meta property=\"og:description\" content=\"THE Dar es Salaam Stock Exchange (DSE) trading has been dominated by local investors for second week in a row as global markets feel the bite of covid-19.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/local-investors-dominate-dse-business-as-global-market-battles-coronavirus\" \/>\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=\"2020-04-15T15:44:11+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\/local-investors-dominate-dse-business-as-global-market-battles-coronavirus#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/local-investors-dominate-dse-business-as-global-market-battles-coronavirus\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"LOCAL INVESTORS DOMINATE DSE BUSINESS AS GLOBAL MARKET BATTLES CORONAVIRUS\",\"datePublished\":\"2020-04-15T15:44:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/local-investors-dominate-dse-business-as-global-market-battles-coronavirus\"},\"wordCount\":363,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/local-investors-dominate-dse-business-as-global-market-battles-coronavirus#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/01\/5de16ce0769b634daaa6b0916331ffeb.jpeg\",\"keywords\":[\"COVID-19\",\"DSE\",\"DSEI\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/local-investors-dominate-dse-business-as-global-market-battles-coronavirus#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/local-investors-dominate-dse-business-as-global-market-battles-coronavirus\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/local-investors-dominate-dse-business-as-global-market-battles-coronavirus\",\"name\":\"LOCAL INVESTORS DOMINATE DSE BUSINESS AS GLOBAL MARKET BATTLES CORONAVIRUS - 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