DAR ES SALAAM, Dec. 3 -- DAR ES SALAAM Stock Exchange (DSE) equity market turnover has surged by over 30 per cent but failed to move share prices up.
The market turnover increased to 3.44bn/- for the week ending last Friday against 2.59bn/- in the week before, according to data compiled by Zan Securities.
Zan Securities Chief Executive Officer Raphael Masumbuko said the market continued with the thrust propelled from previous week momentum.
"The equities market continued with the last week momentum. "However, the surge in volume and turnover did not improve the prices," Mr Masumbuko said through the firm's Weekly Market Wrap-Up.
CRDB, the largest bank in the country, was the top market mover with 91.54 per cent of total market turnover ...