SHARE prices of three counters at the Dar es Salaam Stock Exchange (DSE) appreciated and pushed up domestic market capitalisation by 5.5 per cent to 10.27tri/- in the fourth quarter 2017 from 9.74tri/- of the third quarter.
According to the DSE Chief Executive Officer Quarterly Note, the counters whose prices increased are the Tanzania Breweries Limited (TBL) (14,000/- from 13,300/-), VODACOM Tanzania (850/- from 770/-) and Tanzania Cigarettes Company (TCC) (16,800/- from 11,050/-).
However, share prices for some counters like Swissport, Simba, DSE, DCB and CRDB decreased, but did not pull down domestic market capitalisation due to the weight of VODA, TBL and TCC in the domestic market capitalization computation and its index.
Similarly, the market liquidity also recorded a significant increase during the quarter with turnover rising by 51 per cent to a transaction value worth 195bn/- from transaction value of 129bn/- in the previous quarter.
During the period under review, the total market capitalisation and the DSEI All Share Index recorded significant increase by 13 per cent to 23.07tri/- from 20.35tri/- in the previous quarter.
The outstanding performance of the total market capitalisation was mainly due to the increase in prices of some of the domestic counters as well as most of the seven cross-listed counters.
The weighted average market price earnings (PE) ratio for domestic listed companies was trailing at 20.42 times compared with the PE trailing of 13.67 times as of September, last year.
The increase was significantly attributed to the introduction of VODA that was listed during the second quarter. Furthermore, the increase in prices in the TBL and TCC contributed to the significant performance.
The trailing weighted average dividend yield (DY) was 3.9 per cent compared to 4.3 per cent recorded in the previous quarter mainly due to decrease and or non-payment of dividend payments in some counter