According to Zan Securities Limited Market Summary, top trading equities in March were the Tanzania Breweries Ltd (TBL), CRDB Bank Plc (CRDB), National Microfinance Bank (NMB) and Swissport (SWISS) amongst the local listed equities.
The TBL controlled the market share by 69.27 percent, while CRDB, NMB and SWISS contributed 13.76 percent, 7.24 percent and 4.16 percent, respectively. During the month under review, the total market capitalisation increased by 2.27 percent compared to last month, closing at 21.30tri/- while Domestic market capitalisation decreased by 3.61percent to close the period 8.47tri/-.
Comparatively, the key benchmark indices were in the green and red territory with the Tanzania Share Index (TSI) capping at 3,972.06 points, down by 3.74 percent compared with 4,126.59points posted last month.The All Share Index (DSEI) closed at 2,432.04 points, up by 2.32percent compared with last month at 2,376.83points. Similarly, the three sector indices closed off this month in both the green and red territory.
Industrial and Allied decreased, closing at 5,280.21 points down by 5.19 percent compared to previous month by 5,569.14points. Banks, Finance and Investment Index decreased, closing at 2,643.20 points compared to last month, closing at 2,660.45 points.
Commercial Services Sector experienced an increase by 4.45 percent to close this month off at 3,932.32 points compared to previous month closing at 3,764.89 points.
The expectation are for the equities to trend northwards on both turnover and prices especially from industrial and allied sector and Banks, Finance and Investment sectors because of anticipated investors increase in enhancing portfolio positions.