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Dar es Salaam Stock Exchange Report Week 22 of 2024: DSE Up 9.68%, DCB Down 15.38%

DSE CORE Securities

The trading week ending on Friday, May 31st, 2024, at the Dar es Salaam Stock Exchange (DSE) showed a massive decrease in turnover and volume of shares traded compared to the previous week.

Turnover and Volume

During week 22 of 2024, the Dar es Salaam Stock Exchange (DSE) recorded a total turnover of TZS 1.155 billion from 1,089,454 shares traded in 956 deals. This represents a massive decrease of 82.8% in total turnover and a 58.2% decrease in volume traded compared to the previous week (TZS 6.72 billion from 2,610,671 shares traded).

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          Market Capitalization

          During the trading week ending May 31st, 2024, the Total Market Capitalization and the Domestic Market Capitalization of the listed shares at DSE reached TZS 17,246.17 billion and TZS 11,883.50 billion, respectively. This is an increase of 0.74% and 0.15% compared to the previous week (TZS 17,118.24 billion and TZS 11,865.34 billion).

          Bond Market

          In the trading week that ended on May 31st, 2024, the bonds market recorded transactions worth TZS 16.11 billion, representing a decrease of -71.7% compared to transactions worth TZS 56.98 billion during the previous week.

          Indexes

          At the end of week 22 of 2024, all indexes showed an increase in value except for Industrial & Allied (IA), which declined, and Commercial Services (CS), which remained flat.

          IndexClosing Value 24th May 2024Closing Value 31st May 2024Variation
          All Share Index (DSEI)2,050.992,066.320.75%
          Tanzania Share Index (TSI)4,479.544,486.390.15%
          Industrial & Allied (IA)5,162.215,131.06-0.60%
          Banks, Finance & Investment (BI)5,160.065,227.061.30%
          Commercial Services (CS)2,134.272,134.270.00%

          Stock Performances

          RELATED:  Dar es Salaam Stock Exchange Report - Week 23 of 2024: All Stocks Down or Flat, Bond Activity High

          On Friday, May 31st, 2024, DSE experienced the greatest weekly gain, rising 9.68% from the previous week’s close. The biggest loser of the week was DCB, which fell by -15.38%.

          StockClosing Price (TZS) 24th May 2024Closing Price (TZS) 31st May 2024Variation %
          CRDB5005102.00%
          DCB130110-15.38%
          DSE1,8602,0409.68%
          EABL3,0503,0600.33%
          JATU2652650.00%
          JHL3,6103,7604.16%
          KA**80800.00%
          KCB6907204.35%
          MBP3003000.00%
          MCB3103100.00%
          MKCB6306300.00%
          MUCOBA4004000.00%
          NICO800790-1.25%
          NMB5,2505,3000.95%
          NMG3904002.56%
          PAL4004000.00%
          SWALA4504500.00%
          SWIS1,0001,0000.00%
          TBL10,90010,9000.00%
          TCC17,00017,0000.00%
          TCCL1,9001,9000.00%
          TICL1851902.70%
          TOL6907001.45%
          TPCC4,3004,100-4.65%
          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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