YETU is latest DSE entrance
Investors with Yetu Microfinance must have rubbed their hands in glee as the firm’s share value shot by 20 percent during the first day of trading at the Dar es Salaam Stock Exchange (DSE). Yetu became the fifth firm to list on the DSE’s Enterprise Growth Segment on 10th March 2016 during a brief occasion that was graced by the Deputy Finance and Planning Minister, Dr. Ashatu Kijaji and also attended by senior officials from the Capital Markets and Securities Authority and the DSE.
The share value rose from initial Public Offer (IPO) level of Sh500 to trade at Sh600 yesterday in what analysts believe is an indication that investors are optimistic about the growth prospects of the company. This means that on every share than an investor- who bought the same during IPO period- Sold on that day he/she registered a Sh100 profit.