During Week 36 of 2026, spanning August 31st to September 4th, equity turnover surged +64.96% against Week 35 of 2026, with NMG (+23.64%) emerging as the week’s top gainer.
Throughout this report, individual stock and index percentage changes reflect close-to-close moves between 28th August 2026 (Week 35 of 2026 closing day) and 4th September 2026 (Week 36 of 2026 closing day). Turnover, volume and deals comparisons reflect totals across the full trading weeks.
Equity Turnover and Volume
Equity Turnover excluding ETF trades reached TZS 86.39 billion, a surge of +64.96% compared to Week 35 of 2026’s TZS 52.37 billion.
A total of 35,250,858 shares changed hands across 23,980 deals, a surge of +44.16% versus Week 35 of 2026’s 24,452,958 shares.
NMB led all counters by volume with 16,187,350 shares traded, while CRDB dominated by turnover, generating TZS 42.80 billion.
NMB, CRDB, and VODA have featured persistently among the top five turnover counters across recent weeks, underscoring their continued dominance of secondary market activity on the Dar es Salaam Stock Exchange.
ETF Trading
ETF trading across the two listed funds generated combined turnover of TZS 5.53 billion on volume of 4,059,627 units, a +292.17% increase versus Week 35 of 2026’s TZS 1.41 billion.
| ETF | Closing Price (TZS) 28th August 2026 | Closing Price (TZS) 4th September 2026 | Variation |
|---|---|---|---|
| IEACLC-ETF | 1,400 | 1,440 | +2.86% |
| VERTEX-ETF | 325 | 325 | 0.00% |
Foreign Investor Activity
Local investors accounted for 98.87% of buying and 75.31% of selling, against foreign investor shares of 1.13% and 24.69% respectively, producing a net foreign net selling position of USD 7,711,989 for the week.
This extends a four-week streak of foreign net selling on the exchange.
| % Local Buying | % Foreign Buying | % Local Selling | % Foreign Selling | Net Foreign Flow (USD) |
|---|---|---|---|---|
| 98.87% | 1.13% | 75.31% | 24.69% | -7,711,989 |
Market Capitalisation
Total market capitalisation closed Week 36 of 2026 at TZS 39,435.04 billion, a +1.78% change versus Week 35 of 2026’s TZS 38,743.54 billion.
Domestic market capitalisation stood at TZS 26,717.21 billion, a -0.98% change from Week 35 of 2026.
The ETF segment closed at TZS 225.87 billion, advancing +2.63% over the prior week.
| Measure | 28th August 2026 (TZS billion) | 4th September 2026 (TZS billion) | Variation |
|---|---|---|---|
| Total Market Capitalisation | 38,743.54 | 39,435.04 | +1.78% |
| Domestic Market Capitalisation | 26,982.09 | 26,717.21 | -0.98% |
| ETF Market Capitalisation | 220.08 | 225.87 | +2.63% |
Indexes
Three of the five Dar es Salaam Stock Exchange indices declined against Week 35 of 2026, with the Banks, Finance & Investment index registering the largest move in absolute terms.
The All Share Index (DSEI) gained +1.78%, the Tanzania Share Index (TSI) eased -0.98%, the Industrial & Allied index edged up +0.67%, the Banks, Finance & Investment index slipped -1.65%, and the Commercial Services index dipped -0.10%.
The DSEI has now closed higher for four consecutive weeks, underscoring a sustained, if modest, recovery in broad market sentiment.
| Index | Closing Value 28th August 2026 | Closing Value 4th September 2026 | Variation |
|---|---|---|---|
| All Share Index (DSEI) | 4,444.48 | 4,523.81 | +1.78% |
| Tanzania Share Index (TSI) | 9,924.23 | 9,826.80 | -0.98% |
| Industrial & Allied (IA) | 4,999.85 | 5,033.35 | +0.67% |
| Banks, Finance & Investment (BI) | 22,758.04 | 22,383.13 | -1.65% |
| Commercial Services (CS) | 2,960.35 | 2,957.35 | -0.10% |
Stock Performances
NMG led all advancers with a gain of +23.64% against Week 35 of 2026, followed by KCB at +11.56% and EABL at +5.79%.
On the losing side, PAL suffered the steepest decline at -12.86%, with MBP retreating -6.94% and NMB slipping -5.16%.
KCB has now posted gains for at least three consecutive weeks, underlining sustained buying interest in the counter.
DSE, meanwhile, has registered losses for at least three consecutive weeks, pointing to persistent selling pressure on the bourse operator’s shares.
| Stock | Closing Price (TZS) 28th August 2026 | Closing Price (TZS) 4th September 2026 | Variation |
|---|---|---|---|
| AFRIPRISE | 625 | 615 | -1.60% |
| CRDB | 2,640 | 2,730 | +3.41% |
| DCB | 465 | 490 | +5.38% |
| DSE | 6,460 | 6,410 | -0.77% |
| EABL | 5,700 | 6,030 | +5.79% |
| JATU | 270 | 270 | 0.00% |
| JHL | 8,650 | 8,650 | 0.00% |
| KA | 115 | 115 | 0.00% |
| KCB | 1,990 | 2,220 | +11.56% |
| MBP | 2,160 | 2,010 | -6.94% |
| MCB | 395 | 400 | +1.27% |
| MKCB | 3,690 | 3,700 | +0.27% |
| MUCOBA | 450 | 450 | 0.00% |
| NICO | 3,820 | 4,030 | +5.50% |
| NMB | 2,130 | 2,020 | -5.16% |
| NMG | 275 | 340 | +23.64% |
| PAL | 350 | 305 | -12.86% |
| SWALA | 450 | 450 | 0.00% |
| SWIS | 2,530 | 2,660 | +5.14% |
| TBL | 9,870 | 10,000 | +1.32% |
| TCC | 12,400 | 12,600 | +1.61% |
| TCCL | 3,720 | 3,600 | -3.23% |
| TOL | 1,850 | 1,830 | -1.08% |
| TPCC | 5,720 | 5,760 | +0.70% |
| TTP | 485 | 475 | -2.06% |
| USL | 30 | 30 | 0.00% |
| VODA | 1,050 | 1,050 | 0.00% |
| YETU | 510 | 510 | 0.00% |
Bond Market
Bond turnover totaled TZS 124.17 billion across 161 deals, a surge of +252.56% compared to Week 35 of 2026’s TZS 35.22 billion.
The yield curve flattened as the 5-year tenor rose +105.3 basis points while the 25-year tenor eased -39.0 basis points, compressing the spread between short and long maturities.
The most dramatic move came at the 20-year tenor, where yields fell -276.7 basis points to settle at 10.3433%.
| Tenor | Coupon (weighted avg) | Weighted Average Yield 4th September 2026 | Weighted Average Yield 28th August 2026 | Change (bps) | Trade Count | Face Value Traded (TZS billion) |
|---|---|---|---|---|---|---|
| 5Y | 12.0726% | 13.4742% | 12.4216% | +105.3 | 11 | 0.2755 |
| 10Y | 11.2092% | 10.8803% | 10.6527% | +22.8 | 10 | 39.6054 |
| 15Y | 13.5743% | 14.2006% | — | — | 5 | 0.1850 |
| 20Y | 12.5402% | 10.3433% | 13.1106% | -276.7 | 55 | 43.6750 |
| 25Y | 13.3565% | 10.6634% | 11.0530% | -39.0 | 73 | 40.0641 |
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