Dar es Salaam Stock Exchange Report – Week 48, 2024: Strong Turnover Despite a Shorter Trading Week

The Dar es Salaam Stock Exchange (DSE) recorded a significant turnover of TZS 7,231.38 million in Week 48 of 2024, despite a shorter trading week. AFRIPRISE led gains with a +2.17% increase, while NMG saw the largest decline at -4.00%. Market capitalization and indexes posted slight declines, reflecting mixed market sentiment.
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The trading week ending Friday, 29th November 2024, at the Dar es Salaam Stock Exchange (DSE) comprised only four trading days. Despite the shorter week, the market saw a significant increase in turnover, driven by activity in CRDB and block trades on Thursday, though market capitalization and indexes posted slight declines.

Turnover and Volume

For the week ending Friday, 29th November 2024, the DSE recorded a total turnover of TZS 7,231.38 million from 2,664,589 shares traded in 1,823 deals.

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This represents a +228.97% increase in turnover and a +34.85% increase in volume compared to Week 47, which recorded a turnover of TZS 2,198.14 million from 1,975,819 shares traded.

Stock Trading Activity

The top traded stocks during Week 48 were:

StockShares TradedTurnover (TZS mln)
CRDB1,424,656934.83
TBL824,0008,579.92
NMB158,677848.91
NICO99,68868.78
AFRIPRISE35,7048.46
TCCL2,8902.83
DSE3,1538.5
TPCC1,4685.68

Market Capitalization

At the close of Week 48, the total market capitalization stood at TZS 18,085.49 billion, compared to TZS 18,258.59 billion at the close of Week 47. This represents a -0.95% decrease in total market capitalization.

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The domestic market capitalization slightly decreased by -0.02% to TZS 12,206.38 billion, from TZS 12,209.40 billion in Week 47.

Bond Market

The bond market recorded a total turnover of TZS 33.13 billion in 62 deals, primarily driven by trades in 20-year and 25-year government bonds.

This marks a +105.91% increase in bond market turnover compared to Week 47, which saw TZS 16.08 billion traded.

Indexes

      During Week 48, all major indexes on the DSE experienced slight declines except for the Banks, Finance & Investment Index (BI), which saw a marginal increase of +0.01%.

      IndexClosing Value 22nd November 2024Closing Value 29th November 2024Variation
      All Share Index (DSEI)2,187.622,166.89-0.95%
      Tanzania Share Index (TSI)4,609.444,608.30-0.02%
      Industrial & Allied (IA)5,056.095,053.85-0.04%
      Banks, Finance & Investment (BI)5,731.415,731.720.01%
      Commercial Services (CS)2,143.532,142.69-0.04%

      Stock Performances

      During Week 48, AFRIPRISE recorded the only price gain, increasing by +2.17%, signaling positive investor sentiment. On the other hand, NMG posted the largest decline at -4.00%, followed by KCB at -3.75% and DCB at -3.13%.

      StockClosing Price (TZS) 22nd November 2024Closing Price (TZS) 29th November 2024Variation %
      AFRIPRISE (formerly TICL)2302352.17%
      CRDB6506500.00%
      DCB160155-3.13%
      DSE2,4002,4000.00%
      EABL3,6903,590-2.71%
      JATU2652650.00%
      JHL3,4703,4700.00%
      KA**80800.00%
      KCB800770-3.75%
      MBP3403400.00%
      MCB3103100.00%
      MKCB5605600.00%
      MUCOBA4004000.00%
      NICO6906900.00%
      NMB5,3505,3500.00%
      NMG250240-4.00%
      PAL4004000.00%
      SWALA4504500.00%
      SWIS1,2201,200-1.64%
      TBL10,90010,9000.00%
      TCC17,00017,0000.00%
      TCCL1,9601,920-2.04%
      TOL6706700.00%
      TPCC3,6203,6200.00%
      TTP1101100.00%
      USL550.00%
      VODA7707700.00%
      YETU5105100.00%

      **Suspended

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