Dar es Salaam Stock Exchange Report – Week 51, 2024: Turnover Surges by 221%, NMG Gains 19%

The Dar es Salaam Stock Exchange (DSE) recorded a turnover of TZS 12.44 billion in Week 51, 2024, a significant increase of 221.03% compared to TZS 3.87 billion in Week 50. Trading volume also rose sharply by 92.78%, reaching 3.46 million shares. High-value trades in 15-year and 25-year bonds continued to dominate the bond market, with turnover increasing by 72.09% from the previous week. The All Share Index (DSEI) rose by 0.91%, driven by gains in cross-listed stocks, while all other indexes posted declines. NMG emerged as the top gainer with a 19.05% increase, while TPCC led losses, declining by 9.44%.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report

The trading week ending Friday, 20th December 2024, at the Dar es Salaam Stock Exchange (DSE) was marked by increased activity during a full five-day trading week, with significant gains in turnover and trading volume compared to the previous week.

Turnover and Volume

For the week ending Friday, 20th December 2024, the DSE recorded a total turnover of TZS 12,436.00 million from 3,459,406 shares traded in five trading days. This represents a 221.02% increase in turnover and a 92.77% increase in trading volume compared to Week 50, which had a turnover of TZS 3,873.82 million and 1,794,517 shares traded.

Stock Trading Activity

The top traded stocks during Week 51 were:

StockNormal Board (Shares)Pre-arranged Trades (Shares)Total Shares Traded
TCC01,780,0001,780,000
CRDB1,361,88101,361,881
NMB74,194074,194
DCB41,156041,156
AFRIPRISE39,645039,645

Market Capitalization

At the end of Week 51, total market capitalization stood at TZS 17,700.86 billion, a 0.91% increase from the previous week’s TZS 17,541.27 billion. Domestic market capitalization reached TZS 12,121.70 billion, a –0.80% decline from the previous week’s TZS 12,218.92 billion.

Bond Market

The bond market recorded a turnover of TZS 104.32 billion from 76 deals, marking a 72.09% increase from the previous week’s turnover of TZS 60.62 billion across 85 deals. Trades were dominated by 15-year and 25-year government bonds, with significant contributions from corporate bonds.

Indexes

The All Share Index (DSEI) was the only index to appreciate during the week, highlighting gains in cross-listed stocks. All other indexes experienced depreciation.

IndexClosing Value 13th December 2024Closing Value 20th December 2024Variation
All Share Index (DSEI)2,101.682,120.800.91%
Tanzania Share Index (TSI)4,613.044,576.34-0.80%
Industrial & Allied (IA)5,048.444,989.86-1.16%
Banks, Finance & Investment (BI)5,755.105,721.29-0.59%
Commercial Services (CS)2,142.692,138.48-0.20%

    Stock Performances

    RELATED:  Dar es Salaam Stock Exchange Week 34 of 2025: Equity Turnover Down -74.58%, DCB +39.02%, NICO -32.65%

    The week’s biggest gainer was NMG, with a rise of +19.05%, followed by TTP, which increased by +9.09%, and KCB, up by +7.14%. On the losing side, TPCC posted the largest decline of -9.44%, followed by SWIS, down by -8.33%, and TCCL, which dropped by -5.32%.

    StockClosing Price (TZS) 13th December 2024Closing Price (TZS) 20th December 2024Variation %
    AFRIPRISE (formerly TICL)2202200.00%
    CRDB6506500.00%
    DCB1351403.70%
    DSE2,4202,360-2.48%
    EABL3,2003,3103.44%
    JATU2652650.00%
    JHL2,9903,1806.35%
    KA**80800.00%
    KCB7007507.14%
    MBP3103100.00%
    MCB3103100.00%
    MKCB560540-3.57%
    MUCOBA4004000.00%
    NICO660650-1.52%
    NMB5,4005,350-0.93%
    NMG21025019.05%
    PAL4004000.00%
    SWALA4504500.00%
    SWIS1,2001,100-8.33%
    TBL10,90010,9000.00%
    TCC17,00017,0000.00%
    TCCL1,8801,780-5.32%
    TOL6706700.00%
    TPCC3,6003,260-9.44%
    TTP1101209.09%
    USL550.00%
    VODA7707700.00%
    YETU5105100.00%

    **Suspended

        Related Posts
        DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
        Read More

        Dar es Salaam Stock Exchange Week 43 of 2025: Debut ETF Trades 712,100 Units, PAL Rises +33.33%

        During Week 43 of 2025, the Dar es Salaam Stock Exchange (DSE) saw overall declines across major indices, except the Banks, Finance & Investment Index, which rose by +0.37%. PAL led weekly gains with a +33.33% price increase, followed by TTP (+26.58%) and TCCL (+11.90%). Trading on the new Exchange Traded Fund (ETF) Board was active, with VIS-ETF recording 712,100 units traded and a total turnover of TZS 193.07 million.
        DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
        Read More

        Dar es Salaam Stock Exchange Week 42 of 2025: IA Index Advances +0.55%, Driven by Massive Gains in PAL (+20.00%) and TTP (+19.70%)

        During the four-day trading week of Week 42 of 2025 at the Dar es Salaam Stock Exchange (DSE) experienced substantial declines in turnover metrics compared to the previous week. Total bond turnover dropped by -75.01%, while equity turnover fell by -21.52%. The total market capitalisation declined by -1.58%. In terms of indexes, the Industrial & Allied (IA) Index was the only benchmark to advance, rising +0.55%. Top-gaining stocks demonstrated significant momentum, led by PAL (+20.00%), TTP (+19.70%), and MKCB (+13.74%), while the largest losses were recorded by CRDB (-9.38%) and NICO (-6.08%).