During Week 38 of 2026, spanning September 14th to September 18th, equity turnover fell sharply -13.12% compared with Week 37 of 2026, even as AFRIPRISE (+22.31%) emerged as the week’s top-performing stock.
Throughout this report, individual stock and index percentage changes reflect close-to-close moves between 11th September 2026 (Week 37 of 2026 closing day) and 18th September 2026 (Week 38 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 53.05 billion, a sharp decline of -13.12% compared to Week 37 of 2026’s TZS 61.07 billion.
A total of 24,596,396 shares changed hands across 19,032 deals, a decline of -8.92% versus Week 37 of 2026’s 27,006,094 shares.
NMB led all counters by volume with 15,625,181 shares traded, while NMB dominated by turnover, generating TZS 35.01 billion.
NMB, CRDB, VODA, and TBL have remained consistent fixtures among the top five turnover counters in recent weeks.
ETF Trading
ETF trading across the two listed funds generated combined turnover of TZS 1.31 billion on volume of 1,205,229 units, a -46.09% decline versus Week 37 of 2026’s TZS 2.43 billion.
| ETF | Closing Price (TZS) 11th September 2026 | Closing Price (TZS) 18th September 2026 | Variation |
|---|---|---|---|
| IEACLC-ETF | 1,460 | 1,440 | -1.37% |
| VERTEX-ETF | 310 | 350 | +12.90% |
Foreign Investor Activity
Local investors accounted for 86.15% of buying and 75.73% of selling, against foreign investor shares of 13.85% and 24.27% respectively, producing a net foreign net selling position of USD 2,093,502 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) |
|---|---|---|---|---|
| 86.15% | 13.85% | 75.73% | 24.27% | -2,093,502 |
Market Capitalisation
Total market capitalisation closed Week 38 of 2026 at TZS 40,118.89 billion, a -1.20% change versus Week 37 of 2026’s TZS 40,607.57 billion.
Domestic market capitalisation settled at TZS 27,640.05 billion, representing a -2.25% change against Week 37 of 2026.
The ETF segment ended the week at TZS 235.24 billion, a +1.84% gain over the prior week.
| Measure | 11th September 2026 (TZS billion) | 18th September 2026 (TZS billion) | Variation |
|---|---|---|---|
| Total Market Capitalisation | 40,607.57 | 40,118.89 | -1.20% |
| Domestic Market Capitalisation | 28,276.59 | 27,640.05 | -2.25% |
| ETF Market Capitalisation | 230.98 | 235.24 | +1.84% |
Indexes
Four of the five DSE indices retreated from Week 37 of 2026 levels, with Banks, Finance & Investment posting the steepest decline and Commercial Services delivering the week’s standout gain of +9.22%.
The All Share Index (DSEI) fell -1.20%, the Tanzania Share Index (TSI) dropped -2.25%, Industrial & Allied (IA) eased -0.71%, Banks, Finance & Investment (BI) slid -4.32%, and Commercial Services (CS) surged +9.22%.
| Index | Closing Value 11th September 2026 | Closing Value 18th September 2026 | Variation |
|---|---|---|---|
| All Share Index (DSEI) | 4,658.31 | 4,602.26 | -1.20% |
| Tanzania Share Index (TSI) | 10,400.36 | 10,166.24 | -2.25% |
| Industrial & Allied (IA) | 5,157.37 | 5,120.96 | -0.71% |
| Banks, Finance & Investment (BI) | 23,958.59 | 22,924.73 | -4.32% |
| Commercial Services (CS) | 3,119.11 | 3,406.60 | +9.22% |
Stock Performances
Compared with Week 37 of 2026, the week’s leading gainers were AFRIPRISE, which surged +22.31%, VODA, which advanced +9.91%, and KCB, which rose +3.30%.
On the losing side, MUCOBA fell -11.96%, NMG declined -7.69%, and TTP dropped -6.67%.
DSE and TTP have now posted losses for three or more consecutive weeks, underscoring persistent selling pressure on both counters.
| Stock | Closing Price (TZS) 11th September 2026 | Closing Price (TZS) 18th September 2026 | Variation |
|---|---|---|---|
| AFRIPRISE | 605 | 740 | +22.31% |
| CRDB | 2,900 | 2,810 | -3.10% |
| DCB | 445 | 445 | 0.00% |
| DSE | 6,390 | 6,240 | -2.35% |
| EABL | 5,920 | 5,850 | -1.18% |
| JATU | 270 | 270 | 0.00% |
| JHL | 8,650 | 8,650 | 0.00% |
| KA | 115 | 115 | 0.00% |
| KCB | 2,120 | 2,190 | +3.30% |
| MBP | 2,030 | 2,060 | +1.48% |
| MCB | 390 | 390 | 0.00% |
| MKCB | 3,730 | 3,600 | -3.49% |
| MUCOBA | 460 | 405 | -11.96% |
| NICO | 3,870 | 3,670 | -5.17% |
| NMB | 2,190 | 2,070 | -5.48% |
| NMG | 325 | 300 | -7.69% |
| PAL | 305 | 300 | -1.64% |
| SWALA | 450 | 450 | 0.00% |
| SWIS | 2,720 | 2,640 | -2.94% |
| TBL | 10,000 | 9,950 | -0.50% |
| TCC | 13,440 | 13,400 | -0.30% |
| TCCL | 3,970 | 3,900 | -1.76% |
| TOL | 1,760 | 1,790 | +1.70% |
| TPCC | 5,770 | 5,710 | -1.04% |
| TTP | 450 | 420 | -6.67% |
| USL | 30 | 30 | 0.00% |
| VODA | 1,110 | 1,220 | +9.91% |
| YETU | 510 | 510 | 0.00% |
Bond Market
Bond turnover totaled TZS 104.05 billion across 87 deals, a strong increase of +28.44% compared to Week 37 of 2026’s TZS 81.01 billion.
The yield curve flattened over the week, with the 5-year tenor rising 677.4 basis points against a more modest 203.0 basis point gain at the 25-year end.
The 5-year yield was the most dramatic mover, surging to 17.1520%—a jump of +677.4 basis points that sharply steepened the short end of the curve.
| Tenor | Coupon (weighted avg) | Weighted Average Yield 18th September 2026 | Weighted Average Yield 11th September 2026 | Change (bps) | Trade Count | Face Value Traded (TZS billion) |
|---|---|---|---|---|---|---|
| 5Y | 10.8740% | 17.1520% | 10.3783% | +677.4 | 7 | 0.1865 |
| 10Y | 11.3216% | 10.0869% | 10.4725% | -38.6 | 8 | 39.8224 |
| 15Y | 14.4465% | 9.7835% | 9.5394% | +24.4 | 2 | 0.2747 |
| 20Y | 12.6236% | 10.7190% | 11.3198% | -60.1 | 40 | 51.1422 |
| 25Y | 14.8120% | 13.0591% | 11.0292% | +203.0 | 23 | 12.2037 |
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