DSE week-on-week turnover rises

The performance of the Dar es Salaam Stock Exchange (DSE) may recover soon after consecutively falling in the past two weeks, a stock market broker has predicted.

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Four counters of the local listed companies depreciated last week even as the Dar es Salaam Stock Exchange (DSE) improved its turnover about eight times the previous week.

Month-on-month turnover of the Dar es Salaam Stock Exchange (DSE) increased by about 120 per cent for December as other key market performance indicators ended the month in red.

The week-on-week turnover at the Dar es Salaam Stock Exchange (DSE) dropped by 67 per cent last week as investors shift their attention to the festive season.

The Dar es Salaam Stock Exchange (DSE) is now experiencing low business due to festivity and the fact that investors are shifting attention to their end-of-the-year obligations.