The Latest

DSE Weekly Market Report Friday 15th September 2023: -87% Drop in Turnover, JHB Top Gainer of The Week

September 16, 2023
3 minute read

The Dar es Salaam Stock Exchange (DSE) observed little activity during the week ending Friday 15th September 2023, compared to the preceding week.

Turnover and Volume

From Monday, 11th September to Friday, 15th September 2023, the DSE recorded a cumulative turnover of TZS 1,002.90 million from a total volume of 1,291,445 shares traded.

This represents a decrease of 87.8% in turnover compared to the TZS 8,222.46 million from the previous week.

The most active stocks in terms of volume traded were CRDB with a total of 230,519 shares traded throughout the week, NMB with a total of 13,670 shares traded, and NICO with a total of 114,362 shares traded.

    Market Capitalisation

    The total market capitalisation as of 15th September 2023 stood at TZS 14,906.58 billion, indicating a decrease of 0.03% from TZS 14,911.35 billion as of 8th September 2023.

    The domestic market capitalisation closed at TZS 11,296.38 billion, showing a slight decrease of 0.01% from TZS 11,296.46 billion in week 36.

    Bond Market

    The bond market for the week recorded a cumulative turnover of TZS [sum of daily bond turnovers] billion. This marks a [percentage change] compared to the previous week’s turnover of TZS 66.90 billion.

    All the activity in the bond market was attributed to government bonds, with no activity observed in the corporate bonds segment for most of the week, except for Tuesday.

    Indexes

    The All Share Index (DSEI) experienced a slight decrease of 0.03%, closing at 1,787.61 on 15th September 2023, down from 1,788.18 on 8th September 2023.

    The value of all the other indexes remained unchanged.

      IndexClosing Value 1st September 2023Closing Value 8th September 2023Variation
      All Share Index (DSEI)1,773.921,788.180.80%
      Tanzania Share Index (TSI)4,194.384,269.751.80%
      Industrial & Allied (IA)5,120.085,121.600.03%
      Banks, Finance & Investment (BI)4,247.254,495.405.84%
      Commercial Services (CS)2,159.532,159.530.00%

      Stock Performances

      • JHL was the top gainer of the week, with its closing price increasing by 18.71% to TZS 3,490 on 15th September 2023 from TZS 2,940 on 8th September 2023.
      • TICL also saw a positive movement, with its closing price rising by 7.14% to TZS 150 on 15th September 2023 from TZS 140 on 8th September 2023.
      • NICO experienced a slight increase in its closing price by 2.04% to TZS 500 on 15th September 2023 from TZS 490 on 8th September 2023.
      • On the downside, DSE saw a decrease in its closing price by 3.30% to TZS 1,760 on 15th September 2023 from TZS 1,820 on 8th September 2023.
      • KCB also experienced a decline in its closing price by 3.85% to TZS 375 on 15th September 2023 from TZS 390 on 8th September 2023.

      The rest of the companies had no change in their closing prices.

      CompanyClosing Price (TZS) 8th September 2023Closing Price (TZS) 15th September 2023Variation %
      CRDB4604600.00%
      DCB1401400.00%
      DSE1,8201,760-3.30%
      EABL2,1802,1800.00%
      JATU2652650.00%
      JHL2,9403,49018.71%
      KA**80800.00%
      KCB390375-3.85%
      MBP3153150.00%
      MCB3203200.00%
      MKCB6306300.00%
      MUCOBA4004000.00%
      NICO4905002.04%
      NMB4,4404,4400.00%
      NMG3353350.00%
      PAL4004000.00%
      SWALA4504500.00%
      SWIS1,6001,6000.00%
      TBL10,90010,9000.00%
      TCC17,00017,0000.00%
      TCCL1,7201,7200.00%
      TICL1401507.14%
      TOL6506500.00%
      TPCC4,1204,1200.00%
      TTP1201200.00%
      USL550.00%
      VODA7707700.00%
      YETU5105100.00%
      ** Kenya Airways PLC (KA) suspension from trading on its Primary Market at the Nairobi Securities Exchange (NSE) has been extended from 5th January 2023 to 5th January 2024. Meanwhile, KA shares have also been suspended from trading at the DSE from 6th July 2020 as per rule 57(1) and (2) of the DSE Rules, 2016.

      This market report is courtesy of CORE Securities, a leading brokerage and provider of investment advisory services in capital markets in Tanzania and the SADC Region. For assistance with trading on the Dar es Salaam Stock Exchange (DSE), call +255 22 2123103 or write to info@coresecurities.co.tz.

        Want to know more about the Capital Markets in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers the Capital Markets, plus regulations, key sectors, and investment opportunities — all in one place.

        Download Free Guide
        Tweet
        Share
        Share
        Share
        Related Posts
        DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
        Read More

        Dar es Salaam Stock Exchange Week 17 of 2026: Equity Turnover Drops to TZS 31.60 Billion as AFRIPRISE Stands as the Only Positive Performer (+0.63%)

        During Week 17 of 2026, the Dar es Salaam Stock Exchange experienced a broad contraction in liquidity, with total equity turnover dropping by -11.30% to TZS 31.60 billion and bond turnover falling by -64.94%. Market sentiment was overwhelmingly bearish, pulling down all primary indices, though AFRIPRISE defied the trend to lead as the only advancing stock, gaining +0.63%.
        Tanzania Building African Financial Markets Forum (BAFM) 2026 July
        Read More

        Building African Financial Markets Forum (BAFM): 1-3 July 2026, Dar es Salaam

        Tanzania will host the 13th edition of the Building African Financial Markets (BAFM) Forum on 1-3 July 2026 in Dar es Salaam, jointly organized by the Dar es Salaam Stock Exchange (DSE) and the African Securities Exchanges Association (ASEA). The forum will convene CEOs of African stock exchanges, regulators, pension funds, brokers, and development finance institutions, including AfDB, IFC, and the World Bank, to discuss liquidity, fintech, cross-border listings, AfCFTA capital flows, ESG instruments, ETFs, REITs, and SME platforms.
        DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
        Read More

        Dar es Salaam Stock Exchange Week 16 of 2026: Equity Turnover Surges as MBP (+12.61%) Leads as Best Stock Performer

        During Week 16 of 2026, the Dar es Salaam Stock Exchange (DSE) experienced a massive resurgence in liquidity across multiple asset classes. Total equity turnover soared by 156.63% to TZS 35.62 billion, driven by substantial block trades in CRDB. Share volume also expanded significantly, jumping +73.13% from the previous week. The bond market saw an even more dramatic expansion, with turnover skyrocketing by +780.56% to TZS 256.42 billion. Despite the influx of capital and robust trading activity, market sentiment remained bearish for equities. This widespread negative price movement resulted in contractions across all primary DSE indices. Among the few bright spots in the market, MBP emerged as the week’s biggest winner, appreciating by +12.61%.
        DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
        Read More

        Dar es Salaam Stock Exchange Week 15 of 2026: Equity Turnover Contracts in a 3-Day Week as KA (+27.27%) and PAL (+18.68%) Lead as Best Stock Performers

        During Week 15 of 2026, the Dar es Salaam Stock Exchange (DSE) experienced a pullback in overall equity, ETF, and bond trading activity, primarily due to a shortened three-day trading week in observance of Easter Monday and Karume Day. Total equity turnover dropped by -36.88% to TZS 13.88 billion, and share volume decreased by -6.39% compared to the prior week. The ETF market also saw a turnover decline of -21.52%, while the bond market contracted sharply by -62.72% to post TZS 29.12 billion in turnover. Despite the reduced liquidity, stock price movements were overwhelmingly positive, lifting all primary indices across the board. KA led the gainers by appreciating +27.27%, followed by PAL, which gained +18.68%.