Dar es Salaam, Sept. 9 -- Dar es Salaam Stock Exchange (DSE) turnover decreased significantly by 98.27 per cent as share trading nosedived in the week ending last Friday.
The turnover dropped significantly to 81.66m/- from 4.71bn/- recorded in the previous week, while volume dropped by 77.5 per cent to 561,782 shares compared to previous week's 2,496,536 shares. Zan Securities CEO, Raphael Masumbuko said the bourse finished the week "on a low note" as turnover decreased but optimistic on the week ahead.
"We expect good results from industrials to boost performance in the weeks ahead," Mr Masumbuko said in a weekly market wrap-up issued yesterday.
Tanzania Securities said in its weekly market report that the low turnover affected also the...