Dar es Salaam Stock Exchange Report – Week 45, 2024: Little Activity, EABL Leads Gains, JHL Biggest Loss

DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report

The trading week ending Friday, 8th November 2024, at the Dar es Salaam Stock Exchange (DSE) saw a significant decrease in activity compared to the previous week, with CRDB leading the trades.

Turnover and Volume

For the week ending Friday, 8th November 2024, the DSE recorded a total turnover of TZS 1,092.16 million from 1,597,956 shares traded in 3,206 deals.

This represents a -95.64% decrease in turnover and a -92.42% decrease in volume compared to Week 44, which saw a turnover of TZS 25,076.51 million from 21,102,099 shares traded.

Week 44’s figures were boosted by pre-arranged trades, particularly in CRDB, which was not a significant factor this week.

    Stock Trading Activity

    The top traded stocks during Week 45 were:

    1. CRDB: 1,365,831 shares traded, totaling TZS 926.26 million.
    2. DCB: 106,212 shares traded, totaling TZS 16.99 million.
    3. NICO: 34,718 shares traded, totaling TZS 24.44 million.
    4. AFRIPRISE: 44,831 shares traded, totaling TZS 10.76 million.
    5. NMB: 2,669 shares traded, totaling TZS 14.44 million.
    6. DSE: 10,334 shares traded, totaling TZS 24.99 million.
    7. VODA: 2,440 shares traded, totaling TZS 1.81 million.
    8. TBL: 340 shares traded, totaling TZS 3.54 million.
    9. TCCL: 21,860 shares traded, totaling TZS 43.29 million.
    10. TPCC: 5,666 shares traded, totaling TZS 20.39 million.
    11. SWIS: 1,450 shares traded, totaling TZS 1.74 million.
    12. TCC: 120 shares traded, totaling TZS 1.94 million.
    13. PAL: 500 shares traded, totaling TZS 0.18 million.

    Market Capitalization

    At the close of Week 45, the total market capitalization stood at TZS 18,538.32 billion, compared to TZS 18,449.68 billion at the close of Week 44.

    This represents a +0.48% increase in total market capitalization.

      However, the domestic market capitalization saw a slight decline of -0.12% to TZS 12,286.40 billion, from TZS 12,300.89 billion in Week 44.

        Bond Market

        The bond market saw higher activity in Week 45, with a total turnover of TZS 53.45 billion from 93 deals.

        This marks a +65.15% increase in bond market turnover compared to Week 44, which had TZS 32.37 billion traded.

          Government bonds, particularly the 20-year and 25-year issues, dominated trading, while corporate bond activity remained limited with a few small trades throughout the week.

          Indexes

          At the close of Week 45 in 2024, the All Share Index (DSEI) outperformed the others, while the Banks, Finance & Investment (BI) sector experienced the largest decline in value.

          IndexClosing Value 1st November 2024Closing Value 8th November 2024Variation
          All Share Index (DSEI)2,210.512,221.130.48%
          Tanzania Share Index (TSI)4,643.994,638.52-0.12%
          Industrial & Allied (IA)5,042.305,054.040.23%
          Banks, Finance & Investment (BI)5,865.445,830.62-0.60%
          Commercial Services (CS)2,143.532,143.530.00%

          Stock Performances

          At the close of Week 45 in 2024, EABL recorded the highest price gain at 2.89%, while the biggest loser of the week was JHL, which declined by -5.65%.

          StockClosing Price (TZS) 1st November 2024Closing Price (TZS) 8th November 2024Variation %
          AFRIPRISE (formerly TICL)2402400.00%
          CRDB680670-1.47%
          DCB165160-3.03%
          DSE2,4202,4200.00%
          EABL3,8003,9102.89%
          JATU2652650.00%
          JHL3,5403,340-5.65%
          KA**80800.00%
          KCB8008101.25%
          MBP3403400.00%
          MCB3103100.00%
          MKCB5405400.00%
          MUCOBA4004000.00%
          NICO720700-2.78%
          NMB5,4005,4000.00%
          NMG2902951.72%
          PAL4004000.00%
          SWALA4504500.00%
          SWIS1,2201,2200.00%
          TBL10,90010,9000.00%
          TCC17,00017,0000.00%
          TCCL1,9401,9802.06%
          TOL6706700.00%
          TPCC3,5403,6001.69%
          TTP1101100.00%
          USL550.00%
          VODA7707700.00%
          YETU5105100.00%
          **Suspended

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