African markets

DSE: Five Best Stocks to Buy in Tanzania

The Dar Es Salaam Stock Exchange, or DSE, is the official stock exchange of Tanzania which was established in 1994 under the 1994 Capital Markets and Securities Act (CMS).

Originally incorporated as a private limited company, DSE is a non-profit organization that began operating in 1998.

According to the review site Asktraders.com, DSE offers individual and institutional investors access to several trading opportunities in several sectors of the country, with the following stocks being among the highest rated.

Swissport Tanzania Plc (DSE: SWITZERLAND)

Swissport Tanzania Plc is a company that provides ground handling and airport cargo services in addition to aviation security, refueling and aircraft maintenance services, as well as several other comprehensive services.

. The current price of the SWIS share is 1 1000 Sh [2021/10/29] and the stock shows increased overall performance over the long term, making it an attractive investment for investors. The turnover of the shares of Swissport Tanzania Plc is 201 344 700 Sh with a market capitalization of 15 775 billion Sh.

CRDB Bank Plc (DSE: CRDB) CRDB Bank

Plc is one of the largest and most important banks in Tanzania regarding loans, advances, customer deposits and several other parameters. CRDB Bank plays a crucial role in the socio-economic development of Tanzania and the company has incorporated an efficient business model to ensure diversification. The current price of CRDB shares is 235.00 Sh [2021/10/29] and this is one of the best long term investment options due to the 1 year gain of 30.56% and overall year to date performance of over 20%.

NMB Bank Plc (DSE: NMB) NMB

Bank Plc is a large commercial bank based in Tanzania which offers a wide range of financial services and products to individuals, businesses and several small and medium enterprises in the country. NMB Bank Plc currently has a stock price of 2,040.00 Sh. It is one of the lucrative investment options for Tanzanian investors due to its P / E Raito of 4.13 and EPS of 493.48 Sh, with dividends of Sh 137.00 per share.

JATU Plc (DSE: JATU)

JATU Plc is a Tanzania based company which is involved in agricultural industries as well as markets. The company’s operations focus on producing quality products and good services that serve the markets in and around the region, in order to create more employment opportunities for Tanzanians.

The current JATU share price is Sh 620.00 and it is one of the attractive investments in the markets due to its emphasis on job creation, product quality and potential growth at long term.

The National Media Group (NMG) (DSE: NMG)

The National Media Group is one of the largest media houses in East and Central Africa. NMG is a leading media house which is involved in various print and electronic media, attracting an unprecedented frequent readership. NMG is one of the stocks that still performs well despite the economic difficulties. NMG shares are currently 425.00 Sh.

NMG has a market capitalization of over Sh 80 billion and the stock has both long-term and short-term potential for individual and institutional investors. Read more: DSE records lower turnover in September.