During Week 43 of 2026, spanning October 19th to October 23rd, equity turnover surged +30.16% from Week 42 of 2026, with TCCL (+5.00%) emerging as the week’s top gainer.
Throughout this report, individual stock and index percentage changes reflect close-to-close moves between 16th October 2026 (Week 42 of 2026 closing day) and 23rd October 2026 (Week 43 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 16.85 billion, a surge of +30.16% compared to Week 42 of 2026’s TZS 12.94 billion.
A total of 9,260,962 shares changed hands across 18,105 deals, a surge of +74.89% versus Week 42 of 2026’s 5,295,373 shares.
NMB led all counters by volume with 3,527,053 shares traded, while CRDB dominated by turnover, generating TZS 6.81 billion.
CRDB, NMB, VODA, and NICO have been persistent names among the top five counters by turnover across recent weeks.
ETF Trading
ETF trading across the two listed funds generated combined turnover of TZS 519.30 million on volume of 1,143,743 units, a -28.54% decline versus Week 42 of 2026’s TZS 726.74 million.
| ETF | Closing Price (TZS) 16th October 2026 | Closing Price (TZS) 23rd October 2026 | Variation |
|---|---|---|---|
| IEACLC-ETF | 1,450 | 1,430 | -1.38% |
| VERTEX-ETF | 315 | 310 | -1.59% |
Foreign Investor Activity
Local investors accounted for 95.80% of buying and 74.72% of selling, against foreign investor shares of 4.20% and 25.28% respectively, producing a net foreign net selling position of USD 1,337,678 for the week.
This result extends a four-week streak of foreign net selling on the exchange.
| % Local Buying | % Foreign Buying | % Local Selling | % Foreign Selling | Net Foreign Flow (USD) |
|---|---|---|---|---|
| 95.80% | 4.20% | 74.72% | 25.28% | -1,337,678 |
Market Capitalisation
Total market capitalisation closed at TZS 39,569.88 billion, a -0.73% change versus Week 42 of 2026’s TZS 39,861.61 billion.
Domestic market capitalisation settled at TZS 27,499.03 billion, a +0.35% change versus Week 42 of 2026.
ETF market capitalisation ended the week at TZS 243.47 billion, a -1.71% decline that warrants note given its magnitude relative to the prior period.
| Measure | 16th October 2026 (TZS billion) | 23rd October 2026 (TZS billion) | Variation |
|---|---|---|---|
| Total Market Capitalisation | 39,861.61 | 39,569.88 | -0.73% |
| Domestic Market Capitalisation | 27,403.22 | 27,499.03 | +0.35% |
| ETF Market Capitalisation | 247.71 | 243.47 | -1.71% |
Indexes
Three of the five DSE indices closed lower relative to Week 42 of 2026, with Industrial & Allied posting the largest move of the week at +3.21%.
The All Share Index (DSEI) shed -0.73%, the Tanzania Share Index (TSI) gained +0.35%, Industrial & Allied (IA) rose +3.21%, Banks, Finance & Investment (BI) dipped -0.16%, and Commercial Services (CS) declined -2.48%.
Both the DSEI and the BI index have now closed lower for four consecutive weeks.
| Index | Closing Value 16th October 2026 | Closing Value 23rd October 2026 | Variation |
|---|---|---|---|
| All Share Index (DSEI) | 4,572.74 | 4,539.27 | -0.73% |
| Tanzania Share Index (TSI) | 10,079.13 | 10,114.38 | +0.35% |
| Industrial & Allied (IA) | 5,122.17 | 5,286.69 | +3.21% |
| Banks, Finance & Investment (BI) | 22,471.84 | 22,436.18 | -0.16% |
| Commercial Services (CS) | 3,557.70 | 3,469.51 | -2.48% |
Stock Performances
Compared with Week 42 of 2026, the week’s strongest performers were TCCL, which advanced +5.00%, TBL, which gained +4.99%, and MBP, which rose +4.43%.
On the losing side, NMG suffered the sharpest decline at -29.51%, followed by JATU at -13.04% and TTP at -10.71%.
TCC has now posted gains for at least three consecutive weeks, sustaining its upward momentum through the period.
NMB and TTP have each recorded losses for at least three consecutive weeks, underscoring persistent selling pressure on both counters.
| Stock | Closing Price (TZS) 16th October 2026 | Closing Price (TZS) 23rd October 2026 | Variation |
|---|---|---|---|
| AFRIPRISE | 725 | 750 | +3.45% |
| CRDB | 2,830 | 2,900 | +2.47% |
| DCB | 395 | 390 | -1.27% |
| DSE | 6,170 | 6,100 | -1.13% |
| EABL | 5,820 | 5,500 | -5.50% |
| JATU | 230 | 200 | -13.04% |
| JHL | 8,700 | 8,700 | 0.00% |
| KA | 120 | 115 | -4.17% |
| KCB | 2,180 | 2,150 | -1.38% |
| MBP | 2,030 | 2,120 | +4.43% |
| MCB | 375 | 370 | -1.33% |
| MKCB | 3,820 | 3,660 | -4.19% |
| MUCOBA | 415 | 400 | -3.61% |
| NICO | 3,580 | 3,420 | -4.47% |
| NMB | 1,990 | 1,950 | -2.01% |
| NMG | 305 | 215 | -29.51% |
| PAL | 300 | 275 | -8.33% |
| SWALA | 450 | 450 | 0.00% |
| SWIS | 2,450 | 2,360 | -3.67% |
| TBL | 9,810 | 10,300 | +4.99% |
| TCC | 13,510 | 14,000 | +3.63% |
| TCCL | 4,000 | 4,200 | +5.00% |
| TOL | 1,680 | 1,540 | -8.33% |
| TPCC | 5,820 | 5,710 | -1.89% |
| TTP | 420 | 375 | -10.71% |
| USL | 30 | 30 | 0.00% |
| VODA | 1,280 | 1,250 | -2.34% |
| YETU | 510 | 510 | 0.00% |
Bond Market
Bond turnover totaled TZS 155.12 billion across 162 deals, a strong increase of +17.03% compared to Week 42 of 2026’s TZS 132.55 billion.
The yield curve is flattening, with the 5-year yield rising 23.2 basis points while the 25-year yield edged down -1.9 basis points.
The 20-year tenor recorded the sharpest move of the week, with its yield falling -86.3 basis points to 11.2239%.
| Tenor | Coupon (weighted avg) | Weighted Average Yield 23rd October 2026 | Weighted Average Yield 16th October 2026 | Change (bps) | Trade Count | Face Value Traded (TZS billion) |
|---|---|---|---|---|---|---|
| 5Y | 10.2520% | 10.2524% | 10.0202% | +23.2 | 9 | 10.0566 |
| 10Y | 11.2522% | 10.8213% | — | — | 2 | 5.0050 |
| 15Y | 12.3604% | 10.1336% | 10.3641% | -23.1 | 9 | 32.7451 |
| 20Y | 13.9464% | 11.2239% | 12.0873% | -86.3 | 12 | 10.9070 |
| 25Y | 13.3895% | 10.7932% | 10.8124% | -1.9 | 120 | 71.8407 |
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