DSE Market Report Week Ending Thursday 6th July 2023: DCB, SWIS and NICO The Biggest Winners

The Dar es Salaam Stock Exchange (DSE) witnessed mixed performances in terms of turnover and volume during the trading week ending Thursday 6th July 2023.

While the volume of shares traded remained relatively consistent, the total turnover saw fluctuations across the trading days. Additionally, bond trading showed significant activity throughout the week.

Turnover and Volume

On Monday, 3rd July 2023, the DSE recorded a total turnover of TZS 124.04 million from 228,600 shares traded in 127 deals. Bond trading contributed an additional TZS 1.93 billion from 16 deals.

The following day, Tuesday, 4th July 2023, the DSE experienced an increase in turnover with a total of TZS 194.24 million generated from 336,267 shares traded in 90 deals. Bond trading remained active, contributing TZS 3.40 billion from 8 deals.

Wednesday, 5th July 2023, saw a slight decline in turnover, with a total of TZS 184.79 million generated from 251,822 shares traded in 83 deals. Bond trading remained robust, contributing TZS 4.24 billion from 15 deals.

On Thursday, 6th July 2023, the DSE experienced a significant decrease in turnover, recording a total of TZS 47.65 million from 51,255 shares traded in 67 deals. Bond trading contributed an additional TZS 3.68 billion from 8 deals.

Market Capitalization

The total market capitalization increased slightly from TZS 15,010.36 billion on Friday 30th June 2023 to TZS 15,092.33 billion on Thursday 6th July 2023, representing a growth of +0.55%.

The domestic market capitalization also saw a slight increase from TZS 10,825.68 billion on 30th June 2023 to TZS 10,848.64 billion on 6th July 2023, representing a growth of +0.21%.

Indexes

IndexClosing Value Friday 30th June 2023Closing Value Thursday 6th July 2023Variation
All Share Index (DSEI)1,800.041,809.880.55%
Tanzania Share Index (TS|)4,091.814,100.490.21%
Industrial & Allied (IA)5,107.085,122.320.30%
Banks, Finance & Investment (BI)3,929.623,932.180.07%
Commercial Services (CS)2,155.322,159.530.20%

Stock Performances

CompanyClosing Price (TZS) 30th June 2023Closing Price (TZS) 6th July 2023Variation %
CRDB4704700.00%
DCB1401507.14%
DSE1,8401,820-1.09%
EABL2,5602,6001.56%
JATU2652650.00%
JHL2,9803,0000.67%
KA**80800.00%
KCB4804902.08%
MBP.3503500.00%
MCB3203200.00%
MKCB7807800.00%
MUCOBA4004000.00%
NICO4504755.56%
NMB3,4803,4800.00%
NMG330310-6.06%
PAL4004000.00%
SWALA4504500.00%
SWIS.1,5001,6006.67%
TBL10,90010,9000.00%
TCC17,00017,0000.00%
TCCL1,8001,760-2.22%
TICL1501500.00%
TOL650620-4.62%
TPCC4,0004,1203.00%
TTP1201200.00%
USL550.00%
VODA7707700.00%
YETU5105100.00%

Winners:

      1. DCB (DCB Bank): The closing price increased from TZS 140 to TZS 150, representing a variation of +7.14%.
      2. SWIS. (Swissport Tanzania Plc): The closing price increased from TZS 1,500 to TZS 1,600, representing a variation of +6.67%.
      3. NICO (National Insurance Corporation): The closing price increased from TZS 450 to TZS 475, representing a variation of +5.56%.
      4. TPCC (Tanzania Portland Cement Company Limited): The closing price increased from TZS 4,000 to TZS 4,120, representing a variation of +3.00%.
      5. KCB (KCB Bank): The closing price increased from TZS 480 to TZS 490, representing a variation of +2.08%.
      6. EABL (East African Breweries Limited): The closing price increased from TZS 2,560 to TZS 2,600, representing a variation of +1.56%.

      Losers:

      1. NMG (Nation Media Group): The closing price decreased from TZS 330 to TZS 310, representing a variation of -6.06%.
      2. TOL (Tol Gases Limited): The closing price decreased from TZS 650 to TZS 620, representing a variation of -4.62%.
      3. TCCL (Tanga Cement Plc): The closing price decreased from TZS 1,800 to TZS 1,760, representing a variation of -2.22%.
      4. DSE (Dar es Salaam Stock Exchange): The closing price decreased from TZS 1,840 to TZS 1,820, representing a variation of -1.09%.

      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 write to ddario@coresecurities.co.tz.

            Want to know more about the Capital Markets in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers the Capital Markets, plus regulations, key sectors, and investment opportunities — all in one place.

            Download Free Guide
            Related Posts
            DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
            Read More

            Dar es Salaam Stock Exchange Week 17 of 2026: Equity Turnover Drops to TZS 31.60 Billion as AFRIPRISE Stands as the Only Positive Performer (+0.63%)

            During Week 17 of 2026, the Dar es Salaam Stock Exchange experienced a broad contraction in liquidity, with total equity turnover dropping by -11.30% to TZS 31.60 billion and bond turnover falling by -64.94%. Market sentiment was overwhelmingly bearish, pulling down all primary indices, though AFRIPRISE defied the trend to lead as the only advancing stock, gaining +0.63%.
            Tanzania Building African Financial Markets Forum (BAFM) 2026 July
            Read More

            Building African Financial Markets Forum (BAFM): 1-3 July 2026, Dar es Salaam

            Tanzania will host the 13th edition of the Building African Financial Markets (BAFM) Forum on 1-3 July 2026 in Dar es Salaam, jointly organized by the Dar es Salaam Stock Exchange (DSE) and the African Securities Exchanges Association (ASEA). The forum will convene CEOs of African stock exchanges, regulators, pension funds, brokers, and development finance institutions, including AfDB, IFC, and the World Bank, to discuss liquidity, fintech, cross-border listings, AfCFTA capital flows, ESG instruments, ETFs, REITs, and SME platforms.
            DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
            Read More

            Dar es Salaam Stock Exchange Week 16 of 2026: Equity Turnover Surges as MBP (+12.61%) Leads as Best Stock Performer

            During Week 16 of 2026, the Dar es Salaam Stock Exchange (DSE) experienced a massive resurgence in liquidity across multiple asset classes. Total equity turnover soared by 156.63% to TZS 35.62 billion, driven by substantial block trades in CRDB. Share volume also expanded significantly, jumping +73.13% from the previous week. The bond market saw an even more dramatic expansion, with turnover skyrocketing by +780.56% to TZS 256.42 billion. Despite the influx of capital and robust trading activity, market sentiment remained bearish for equities. This widespread negative price movement resulted in contractions across all primary DSE indices. Among the few bright spots in the market, MBP emerged as the week’s biggest winner, appreciating by +12.61%.
            DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
            Read More

            Dar es Salaam Stock Exchange Week 15 of 2026: Equity Turnover Contracts in a 3-Day Week as KA (+27.27%) and PAL (+18.68%) Lead as Best Stock Performers

            During Week 15 of 2026, the Dar es Salaam Stock Exchange (DSE) experienced a pullback in overall equity, ETF, and bond trading activity, primarily due to a shortened three-day trading week in observance of Easter Monday and Karume Day. Total equity turnover dropped by -36.88% to TZS 13.88 billion, and share volume decreased by -6.39% compared to the prior week. The ETF market also saw a turnover decline of -21.52%, while the bond market contracted sharply by -62.72% to post TZS 29.12 billion in turnover. Despite the reduced liquidity, stock price movements were overwhelmingly positive, lifting all primary indices across the board. KA led the gainers by appreciating +27.27%, followed by PAL, which gained +18.68%.