During the first trading week of 2024, from Tuesday 2nd to Friday 5th January 2024, the Dar es Salaam Stock Exchange (DSE) exhibited significant trading activity across various stocks.
Turnover and Volume
The Dar es Salaam Stock Exchange (DSE) reported a total weekly turnover (4 trading days) of TZS 1,272.07 million from 2,085,260 shares traded.
Most Active Stocks
The most traded stocks of the week were CRDB, NMB, and TICL.
The total number of shares traded for each stock during the week is as follows:
- CRDB: 1,927,034 shares
- NMB: 68,750 shares
- TICL: 38,684 shares
- TCCL: 13,792 shares
- SWIS: 10,991 shares
- NICO: 8,360 shares
- DCB: 6,587 shares
- VODA: 4,870 shares
- DSE: 3,098 shares
- TPCC: 2,434 shares
- PAL: 550 shares
- TOL: 100 shares
- MCB: 10 shares
Market Capitalization
As of Friday, 5th January 2024, the Dar es Salaam Stock Exchange’s total market capitalization reached TZS 14,777.76 billion while the Domestic Market Capitalisation reached TZS 11,412.02 billion.
This is an increase of 1.13% and 0.09% compared to the capitalizations at the end of 2023 (Friday, 29th December 2023), of TZS 14,611.43 billion and TZS 11,401.41 billion respectively.
Bond Market
In week 1 of 2024, the Dar es Salaam Stock Exchange’s total bond market activity amounted to TZS 50.497 billion. The activity was distributed across various types of bonds as follows:
- 15-Year Government Bonds: These bonds, with a coupon rate of 13.50%, saw a total face value of TZS 7.83 billion traded on Tuesday 2nd January, and an additional TZS 0.002 billion on Friday 5th January 2024.
- 20-Year Government Bonds: The 20-year bonds with a coupon rate of 15.49% had a significant trading volume, with TZS 4.14 billion traded on Tuesday 2nd January, and TZS 18.94 billion on Wednesday 3rd January 2024. Another set of 20-year bonds with a coupon rate of 12.10% had a face value of TZS 0.30 billion traded on Thursday 4th January, and a further TZS 4.67 billion of 20-year bonds (15.49% coupon) traded the same day.
- 25-Year Government Bonds: These bonds had two different coupon rates in the market. The ones with a 12.56% coupon saw TZS 5.98 billion traded on Tuesday 2nd January, TZS 1.74 billion on Wednesday 3rd January and TZS 3.88 billion on Thursday 4th January. Additionally, a 25-year bond with a 15.95% coupon rate had a face value of TZS 0.03 billion traded on Tuesday 2nd January and TZS 1.95 billion on Friday 5th January 2024.
- 5-Year Government Bonds: A 5-year bond with a 9.18% coupon rate had a face value of TZS 1.00 billion traded on Wednesday 3rd January 2024.
- 3-Year Corporate Bonds: On the corporate side, a 3-year bond with a 9.50% coupon rate had TZS 20 million traded on Tuesday 2nd January and another 3-year bond with an 8.50% coupon rate saw TZS 15 million traded on Wednesday 3rd January 2024.
Indexes
The All Share Index (DSEI), the Banks, Finance & Investment (BI), and the Tanzania Share (TSI) indexes saw a mild increase from the previous week, while the Commercial Services (CS) and the Industrial & Allied (IA) indexes saw a minor decrease.
| Index | Closing Value 29th December 2023 | Closing Value 5th January 2024 | Variation |
| All Share Index (DSEI) | 1,750.63 | 1,770.55 | 1.14% |
| Tanzania Share Index (TSI) | 4,304.40 | 4,308.41 | 0.09% |
| Industrial & Allied (IA) | 5,182.51 | 5,181.39 | -0.02% |
| Banks, Finance & Investment (BI) | 4,536.46 | 4,554.92 | 0.41% |
| Commercial Services (CS) | 2,147.74 | 2,144.37 | -0.16% |
Stock Performances
The best-performing stock of the week in terms of price variation were EABL (+8.79%), and DCB (+7.69%).
The worst-performing stock of the week in terms of price variation was SWIS (-6.06%).
| Stock | Closing Price (TZS) 29th December 2023 | Closing Price (TZS) 5th January 2024 | Variation % |
| CRDB | 460 | 465 | 1.09% |
| DCB | 130 | 140 | 7.69% |
| DSE | 1,800 | 1,800 | 0.00% |
| EABL | 1,820 | 1,980 | 8.79% |
| JATU | 265 | 265 | 0.00% |
| JHL | 2,960 | 2,940 | -0.68% |
| KA** | 80 | 80 | 0.00% |
| KCB | 350 | 360 | 2.86% |
| MBP | 305 | 305 | 0.00% |
| MCB | 310 | 310 | 0.00% |
| MKCB | 630 | 630 | 0.00% |
| MUCOBA | 400 | 400 | 0.00% |
| NICO | 500 | 500 | 0.00% |
| NMB | 4,500 | 4,500 | 0.00% |
| NMG | 320 | 325 | 1.56% |
| PAL | 400 | 400 | 0.00% |
| SWALA | 450 | 450 | 0.00% |
| SWIS | 1,320 | 1,240 | -6.06% |
| TBL | 10,900 | 10,900 | 0.00% |
| TCC | 17,000 | 17,000 | 0.00% |
| TCCL | 2,120 | 2,100 | -0.94% |
| TICL | 190 | 195 | 2.63% |
| TOL | 660 | 660 | 0.00% |
| TPCC | 4,360 | 4,360 | 0.00% |
| TTP | 120 | 120 | 0.00% |
| USL | 5 | 5 | 0.00% |
| VODA | 770 | 770 | 0.00% |
| YETU | 510 | 510 | 0.00% |
This market report is courtesy of CORE Securities, a leading brokerage and provider of investment advisory services in capital markets in Tanzania and the SADC Region. For assistance with trading on the Dar es Salaam Stock Exchange (DSE), call +255 22 2123103 or write to info@coresecurities.co.tz.
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