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Dar es Salaam. Shares of Tanga Cement worth 351 million shillings were traded on the Dar es Salaam Stock Exchange (DSE) on Tuesday after news of the company’s acquisition by parent company Twiga Cement was announced.
Materials maker Scancem International DA, a subsidiary of Heidelberg Cement, has announced that it has entered into discussions with Afrisam of Mauritius on the takeover of the cement plant.
The company’s trading dominated trading on Tuesday after selling 869,662 shares on a pre-established market board, according to the DSE market report.
It was Tuesday’s major deal, with the exchange posting total turnover of 367.02 million shillings after trading 901,327 shares.
According to DSE, the company also traded 6,980 shares at a weighted average price of 450 shillings per share in a single transaction at the normal board.
Other active ATMs included CRDB, DSE auto-coté, Jatu Plc, NMB Bank Plc, TICL, TOL and Tanzania Portland Cement Company (TPCC).
The CRDB counter had 13,531 shares traded at a weighted average price of Sh250 each in 20 trades. The DSE counter had 5,050 shares traded at a weighted average price of Sh1,220 each in five trades, while the Jatu counter had 2,430 shares traded at a weighted average price of Sh670 each in 20 trades.
The NMB counter had 1,248 shares traded at a weighted average price of Sh 2,040 each in seven trades. The TICL counter had 30 shares traded at a weighted average price of Sh330 each, while the TOL counter had 2,050 shares traded at a weighted average price of Sh510 each in a single trade.
The Twiga Cement counter had 346 shares traded at a weighted average price of Sh3,520 per share in four trades.
On government bonds, the exchange recorded a total turnover of 22.31 billion shillings.
DSE reported that a 5-year bond with a nominal interest rate of 9.18% and a face value of 550 million shillings was trading at 107.2866%, while a 7-year bond with a nominal interest rate of 10.08% and a nominal value of 1.97 billion shillings was negotiated above the premium in two transactions.
The market also traded a 10-year bond with a coupon rate of 11.44% and a face value of 130 million shillings at 100%, while a 15-year bond with a coupon rate of 13.5 % and a face value of 10.12 billion shillings was negotiated five transactions.
In addition, a 20-year bond with a coupon rate of 15.49% and a face value of 7.26 billion shillings was traded in seven trades, while a 25-year bond with a coupon rate of 15.95% and a face value of 1.14 billion shillings were exchanged in five transactions.
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