The trading week from Monday 11th March to Friday 15th March 2024 at the Dar es Salaam Stock Exchange (DSE) witnessed a significant increase in turnover and volume compared to the previous week.
Turnover and Volume
During week 11 of 2024, the DSE recorded a total turnover of TZS 6,565.0 million, marking a substantial increase of approximately 92.76% from the previous week’s turnover of TZS 3,405.64 million.
Similarly, the total volume of shares traded during the week amounted to 8,684,515 shares, representing a notable increase of approximately 113.64% from the previous week’s volume of 4,064,895 shares.
The most actively traded stocks of the week across pre-arranged and regular boards included CRDB, NICO, and TTCL.
Market Capitalization
As of Friday, 15th March 2024, the Dar es Salaam Stock Exchange’s total market capitalization stood at TZS 14,779.64 billion, with the domestic market capitalization at TZS 11,657.26 billion.
This represents a slight increase of approximately 0.21% and 0.26% respectively in total market capitalization and domestic market capitalization compared to the previous week’s values.
Bond Market
The total weekly bond market activity, covering both government and corporate bonds, amounted to approximately TZS 45.09 billion during Week 11 of 2024. This figure reflects a notable decrease of -46.84% in bond market activity compared to the previous week.
Indexes
All indexes, except for the Commercial Services (CS), showed a mild increase in their values compared to the previous week.
| Index | Closing Value 8th March 2024 | Closing Value 15th March 2024 | Variation |
| All Share Index (DSEI) | 1,767.05 | 1,770.70 | 0.21% |
| Tanzania Share Index (TSI) | 4,389.26 | 4,400.90 | 0.27% |
| Industrial & Allied (IA) | 5,171.89 | 5,175.00 | 0.06% |
| Banks, Finance & Investment (BI) | 4,841.75 | 4,876.90 | 0.73% |
| Commercial Services (CS) | 2,139.32 | 2,138.40 | -0.04% |
Stock Performances
The top gainer of the week was TICL, experiencing a 5.26% increase in its stock price compared to the previous week. Conversely, the main loser of the week was DCB, witnessing a stock price decrease of -6.67%.
| Stock | Closing Price (TZS) 8th March 2024 | Closing Price (TZS) 15th March 2024 | Variation % |
| CRDB | 520 | 530 | 1.92% |
| DCB | 150 | 140 | -6.67% |
| DSE | 1,820 | 1,860 | 2.20% |
| EABL | 1,840 | 1,840 | 0.00% |
| JATU | 265 | 265 | 0.00% |
| JHL | 2,980 | 2,980 | 0.00% |
| KA** | 80 | 80 | 0.00% |
| KCB | 315 | 315 | 0.00% |
| MBP | 305 | 305 | 0.00% |
| MCB | 310 | 310 | 0.00% |
| MKCB | 630 | 630 | 0.00% |
| MUCOBA | 400 | 400 | 0.00% |
| NICO | 580 | 590 | 1.72% |
| NMB | 4,660 | 4,660 | 0.00% |
| NMG | 315 | 315 | 0.00% |
| PAL | 400 | 400 | 0.00% |
| SWALA | 450 | 450 | 0.00% |
| SWIS | 1,120 | 1,100 | -1.79% |
| TBL | 10,900 | 10,900 | 0.00% |
| TCC | 17,000 | 17,000 | 0.00% |
| TCCL | 2,100 | 2,100 | 0.00% |
| TICL | 190 | 200 | 5.26% |
| TOL | 660 | 660 | 0.00% |
| TPCC | 4,300 | 4,320 | 0.47% |
| 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 +255 754 303759 or +255 622 303 759 or write to ddario@coresecurities.co.tz.
