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Dar es Salaam Stock Exchange Report Week 18 of 2024: Turnover Up By +121%

DSE CORE Securities

The four-day trading week ending on Friday, May 2nd, 2024, at the Dar es Salaam Stock Exchange (DSE) showed a massive increase in turnover and volume of shares traded compared to the previous week.

Turnover and Volume

During week 18 of 2024, the Dar es Salaam Stock Exchange (DSE) recorded a total turnover of TZS 4.39 billion from 7,386,187 shares traded in 962 deals.

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This represents a 121.7% increase in total turnover and a 221.4% increase in volume traded compared to the previous week (TZS 1.98 billion and 2,297,959 shares traded).

The most traded stocks of the week were CRDB, NICO, and TICL with 7,179,872, 51,636, and 43,287 shares traded respectively.

          Market Capitalization

          During the trading week ending 2nd May 2024, the Total Market Capitalization and the Domestic Market Capitalization of the listed shares at DSE remained at TZS 14.89 trillion and TZS 11.77 trillion respectively, the same values at the closing of the previous trading week.

          Bond Market

          In the trading week that ended on 2nd May 2024, the bonds market recorded transactions worth TZS 46.69 billion, equal to a -23.7% decrease compared to transactions worth TZS 61.22 billion during the previous week.

          Indexes

          In week 18 of 2024, all indexes but the Commercial Services (CS) (no variation) showed a negligible decrease in value.

          IndexClosing Value 25th April 2024Closing Value 2nd May 2024Variation
          All Share Index (DSEI)1,784.711,784.50-0.01%
          Tanzania Share Index (TSI)4,444.854,444.10-0.02%
          Industrial & Allied (IA)5,168.935,167.80-0.02%
          Banks, Finance & Investment (BI)5,035.575,034.90-0.01%
          Commercial Services (CS)2,134.272,134.200.00%

          Stock Performances

          RELATED:  Dar es Salaam Stock Exchange Report Week 8 of 2024: DCB Up by 11.11%

          In week 18 of 2024, MKCB was the only stock to experience a price appreciation of 1.66%. MBP experienced the greatest decline, at -1.64%

          StockClosing Price (TZS) 25th April 2024Closing Price (TZS) 2nd May 2024Variation %
          CRDB5605600.00%
          DCB1301300.00%
          DSE1,8601,8600.00%
          EABL1,8401,8400.00%
          JATU2652650.00%
          JHL2,9802,9800.00%
          KA**80800.00%
          KCB3153150.00%
          MBP305300-1.64%
          MCB3103100.00%
          MKCB6206301.61%
          MUCOBA4004000.00%
          NICO770760-1.30%
          NMB4,7404,7400.00%
          NMG3153150.00%
          PAL4004000.00%
          SWALA4504500.00%
          SWIS1,0001,0000.00%
          TBL10,90010,9000.00%
          TCC17,00017,0000.00%
          TCCL2,0202,000-0.99%
          TICL1901900.00%
          TOL6906900.00%
          TPCC4,3004,3000.00%
          TTP1201200.00%
          USL550.00%
          VODA7707700.00%
          YETU5105100.00%
          ** Kenya Airways PLC (KA) suspension from trading on its Primary Market at the Nairobi Securities Exchange (NSE) has been extended from 5 January 2023 to 5 January 2024. Meanwhile, KA shares have also been suspended from trading at the DSE from 6th July 2020 as per rule 57(1) and (2) of the DSE Rules, 2016.

          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.

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