Festive season hits DSE as turnover decreases further

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.

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 Tanzania Breweries Limited (TBL) stole the show at the Dar es Salaam Stock (DSE) trading last week despite a drop in the market’s week-on-week turnover, precipitated by the festive-season preparations.

>The Dar es Salaam Stock Exchange (DSE) recorded a historic performance during the third quarter  of this year, registering a Sh175 billion turnover.

The week-on-week turnover at the Dar es Salaam Stock Exchange (DSE) extended its falling spree last week as investors start shifting their focus to year-end and new-year budgets.

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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