DSE records 17bn/- on week’s opening

By Guardian Reporter , The Guardian
Published at 06:00 AM Mar 26 2025
Foreign investors have so far sold shares valued 55.8bn/- which is equivalent to half of total value of shares sold and bought shares valued 10bn/-.
Photo: File
Foreign investors have so far sold shares valued 55.8bn/- which is equivalent to half of total value of shares sold and bought shares valued 10bn/-.

The Dar es Salaam Stock Exchange (DSE) recorded a turnover of 17.1bn/- during the opening of the week, driven by pre-arranged block trade on Tanzania Breweries Limited (TBL) and Tanzania Cigarette Company (TCC) counters.

The market report shows  foreign investors sold shares valued 15.2bn/-, which was equivalent to 88.90 percent of total value of shares sold, which were all bought by local investors.

On the block trade pre-arranged market board, TBL counter, the largest in terms of market capitalization traded a block of 254,259 shares, while TCC counter traded a block trade of 2.2million shares.

Top mover TCC counter recorded a turnover of 15.04bn/ through the transaction of 2,200,010 shares in four deals, while TBL counter traded 254,339 shares valued 1.5bn/- in 10 deals.

Since the start of the quarter, a total turnover of 103bn/- has so far been recorded, whereby local investors dominated b in buying activity and foreign investors in selling activity. The amount is nearly double of the amount recorded during the first quarter of last year and more than the turnover recorded during the fourth quarter of last year.

Foreign investors have so far sold shares valued 55.8bn/- which is equivalent to half of total value of shares sold and bought shares valued 10bn/-.

​In the first quarter of 2025, the Dar es Salaam Stock Exchange (DSE) demonstrated notable activity and growth.

The Dar es Salaam Stock Exchange (DSE) is expected to continue showing positive momentum in Q1 of 2025, supported by several factors including strong economic performance,  sector performance specifically banking and finance and the use of digital share trading.

Key sectors, especially banking and finance, are anticipated to drive market growth. The Banks, Finance & Investments Index has been performing well, and this trend is expected to persist, benefiting from investor-friendly policies and steady economic growth.