The All-Share Index of DSE (DSEI) closed at 1,923.50 points on Thursday, the points being an increase of 10.34 points, from 1,913.16 points recorded on Wednesday. The increase in share come after the banking sector performed really well among the others.
Tanzania stock market continues to perform well as the market report shows that the Tanzania Share Index (TSI) which measures the performance of locally listed companies closed at 4,042.44 points on Thursday this week, this being an increase of 3.38 points compared to 4,039.06 points on Wednesday's close.
The indices resulted in an appreciation of both local and cross-listed companies’ share prices including CRDB Bank Plc, DCB Bank Plc and East African Breweries Limited (EABL), amid the depreciation of Nation Media Group (NMG) and Tanzania Portland Cement Company (TPCCL) shares prices.
The index shows that the top gainer was DCB Bank Plc whose share price increased by 6.65 percent to 160/- on Thursday compared with 150/- recorded on Wednesday. This has increased the DCB bank's market capitalization to 15.62bn/- from 14.65bn/- respectively. While EABL was the second top gainer, after its share price appreciated by 3.25 percent to close at 3,180/- on Thursday, compared with 3,080/- recorded on Wednesday pushing its market capitalization to 2.51trn/- from 2.43trn/- respectively. The increase in EABL shares come at the right time in just two weeks after the British multinational Diageo kicked off the first phase of its plan to buy an additional 118.4 million shares in East African Breweries Plc (EABL), with priority for allocation given to investors who were on the firm's books by January 16.
The offer, which will see EABL shareholders bid to sell their shares to the multinational at the Nairobi Securities Exchange (NSE) at a price of Sh192 per unit, is running in two phases between February 6 and February 24, and between February 27 and March 17. 2023.