Foreign investors dominates DSE trading

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BY MNAKU MBANI
Foreign investors are continuing to dominate trading activities at the Dar es Salaam Stock Exchange (DSE) which has also helped to improve the market turnover. The DSE market reports have shown that foreign investors are currently accounting for more than 90 of the market activities, mainly on the buying side, while local investors are leading in selling their shares.The DSE has reposted that during January and February this year, number of foreign investors a total turnover of Tsh31 million were recorded, but Tsh30 billion were from foreign investors’ involvement.

During the fourth quarter of last year, out of Tsh82 turnover recorded, foreign investors participation recorded a turnover of Tsh78 billion and local investors only contributed Tsh5 billion of the total turnover..
Even during the first quarter of last year, out of a total turnover of Tsh122 billion recorded, Tsh114 billion were contributed by foreign investors, which is more than 80 per cent.
During last week, the DSE report shows that a total turnover of Tsh8.6 billion were recorded from 1.2 million shares from Tsh228 million obtained the previous week from 257,000 shares sold.
The report shows that out of the weekly total turnover, shares worth of Tsh8.5 billion were bought by foreign investors, which is more than 97 per cent.
DSE marketing and product manager Patrick Mususa said the improvement of trading activities has also caused the increase of the market capitalization to Tsh19.1 trillion from Tsh18.5 trillion at the end of January this year.
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