The trading week ending on Friday, April 19th, 2024, at the Dar es Salaam Stock Exchange (DSE) showed a marked decrease in turnover and a massive decrease in the volume of shares traded compared to the previous week.
Turnover and Volume
During week 16 of 2024, the DSE recorded a total turnover of TZS 2.21 billion, marking a decrease of about 19% from the previous week’s turnover of TZS 2.73 billion.
Meanwhile, the total volume of shares traded during the week amounted to 1,402,607, representing a massive decrease of 48.8% from the previous week’s volume of 2,741,094.
Market Capitalization
During the week ending 19 April 2024, the Total Market Capitalization of the listed shares at DSE decreased by about 0.4% from TZS 14.88 trillion for the week ending 12th April 2024, to TZS 14.82 trillion.
Meanwhile, the Domestic Market Capitalization dropped by about 0.5%, from TZS 11.76 trillion to TZS 11.70 trillion.
Bond Market
In the week that ended on 19th April 2024, the bonds market recorded transactions worth TZS 60.67 billion, equal to a 102% increase compared to transactions worth TZS 29.91 billion during the previous week that ended on 12th April 2024.
Indexes
The Industrial & Allied (IA) Index and the Commercial Services (CS) Index showed no weekly variations in their values. The All Share Index (DSEI), the Tanzania Share Index (TSI), and the Banks, Finance & Investment (BI) Index all experienced a mild decrease in values.
| Index | Closing Value 12th April 2024 | Closing Value 19th April 2024 | Variation |
| All Share Index (DSEI) | 1,783.40 | 1,776.20 | -0.40% |
| Tanzania Share Index (TSI) | 4,440.71 | 4,418.10 | -0.51% |
| Industrial & Allied (IA) | 5,173.41 | 5,173.40 | 0.00% |
| Banks, Finance & Investment (BI) | 5,010.97 | 4,936.30 | -1.49% |
| Commercial Services (CS) | 2,138.48 | 2,138.40 | 0.00% |
Stock Performances
In week 16 of 2024, NICO was once again the top gainer with a price appreciation of 4.17%. Conversely, CRDB experienced the greatest decrease in value of -3.64%.
| Stock | Closing Price (TZS) 12th April 2024 | Closing Price (TZS) 19th April 2024 | Variation % |
| CRDB | 550 | 530 | -3.64% |
| DCB | 130 | 130 | 0.00% |
| DSE | 1,800 | 1,860 | 3.33% |
| EABL | 1,840 | 1,840 | 0.00% |
| JATU | 265 | 265 | 0.00% |
| JHL | 2,980 | 2,980 | 0.00% |
| KA** | 80 | 80 | 0.00% |
| KCB | 315 | 315 | 0.00% |
| MBP | 305 | 305 | 0.00% |
| MCB | 310 | 310 | 0.00% |
| MKCB | 630 | 630 | 0.00% |
| MUCOBA | 400 | 400 | 0.00% |
| NICO | 720 | 750 | 4.17% |
| NMB | 4,760 | 4,740 | -0.42% |
| NMG | 315 | 315 | 0.00% |
| PAL | 400 | 400 | 0.00% |
| SWALA | 450 | 450 | 0.00% |
| SWIS | 1,100 | 1,100 | 0.00% |
| TBL | 10,900 | 10,900 | 0.00% |
| TCC | 17,000 | 17,000 | 0.00% |
| TCCL | 2,100 | 2,100 | 0.00% |
| TICL | 195 | 190 | -2.56% |
| TOL | 680 | 690 | 1.47% |
| TPCC | 4,300 | 4,300 | 0.00% |
| TTP | 120 | 120 | 0.00% |
| USL | 5 | 5 | 0.00% |
| VODA | 770 | 770 | 0.00% |
| YETU | 510 | 510 | 0.00% |
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 +255 754 303759 or +255 622 303 759 or write to ddario@coresecurities.co.tz.
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