The trading week from Monday 15th to Friday 19th January 2024 at the Dar es Salaam Stock Exchange (DSE) exhibited a notable shift in market dynamics, characterized by a significant decrease in both total turnover and trading volume.
Turnover and Volume
In the third week of 2024, the Dar es Salaam Stock Exchange (DSE) recorded a total weekly turnover of TZS 1,822.67 million, a significant decrease of approximately 71.75% from the previous week’s turnover of TZS 6,454.08 million.
The total volume of shares traded was 3,412,896, also showing a decrease of about 67.94% compared to the 10,645,749 shares traded in the previous week.
Most Active Stocks
The most traded stocks of the week were CRDB and TICL.
The total number of shares traded for each stock during the week is as follows:
- CRDB: 3,054,073 shares
- TICL: 200,032 shares
- TPCC: 50,775 shares
- NICO: 44,128 shares
- NMB: 19,052 shares
- TCCL: 17,535 shares
- TOL: 15,615 shares
- DSE: 6,071 shares
- VODA: 2,370 shares
- DCB: 1,592 shares
- SWIS: 620 shares
- MKCB: 400 shares
- MBP: 518 shares
- PAL: 45 shares
- MUCOBA: 70 shares
Market Capitalization
As of Friday, 19th January 2024, the Dar es Salaam Stock Exchange’s total market capitalization reached TZS 14,547.16 billion, while the Domestic Market Capitalisation stood at TZS 11,361.68 billion.
This represents a decrease of 1.05% in the total market capitalization and a decrease of 0.35% in the Domestic Market Capitalisation, compared to Thursday, 11th January 2024, when the total market capitalization was TZS 14,701.20 billion and the Domestic Market Capitalisation was TZS 11,401.60 billion.
Bond Market
In Week 3 of 2024, the Dar es Salaam Stock Exchange’s total bond market activity amounted to TZS 63.89 billion, which includes both government and corporate bonds.
This represents a decrease of approximately 31.9% compared to the previous week’s total of TZS 93.83 billion.
Indexes
The Banks, Finance & Investment (BI) Index saw a minor increase of 0.06%, while the All Share Index (DSEI), the Industrial & Allied (IA), and the Tanzania Share Index (TSI) saw minor decreases.
The Commercial Services (CS) index experienced no weekly variation.
| Index | Closing Value 11th January 2024 | Closing Value 19th January 2024 | Variation |
| All Share Index (DSEI) | 1,757.26 | 1,742.92 | -0.82% |
| Tanzania Share Index (TSI) | 4,304.20 | 4,289.41 | -0.34% |
| Industrial & Allied (IA) | 5,184.75 | 5,148.26 | -0.70% |
| Banks, Finance & Investment (BI) | 4,536.17 | 4,539.05 | 0.06% |
| Commercial Services (CS) | 2,144.37 | 2,144.37 | 0.00% |
Stock Performances
For the second week in raw, the best-performing stock was TCCL, with a price increase of 6.48%.
The worst-performing stock was TPCC with a price decrease of -6.42%.
| Stock | Closing Price (TZS) 11th January 2024 | Closing Price (TZS) 19th January 2024 | Variation % |
| CRDB | 460 | 460 | 0.00% |
| DCB | 130 | 130 | 0.00% |
| DSE | 1,760 | 1,800 | 2.27% |
| EABL | 1,900 | 1,840 | -3.16% |
| JATU | 265 | 265 | 0.00% |
| JHL | 2,860 | 2,800 | -2.10% |
| KA** | 80 | 80 | 0.00% |
| KCB | 350 | 340 | -2.86% |
| MBP | 305 | 305 | 0.00% |
| MCB | 310 | 310 | 0.00% |
| MKCB | 630 | 630 | 0.00% |
| MUCOBA | 400 | 400 | 0.00% |
| NICO | 500 | 510 | 2.00% |
| NMB | 4,500 | 4,500 | 0.00% |
| NMG | 320 | 325 | 1.56% |
| PAL | 400 | 400 | 0.00% |
| SWALA | 450 | 450 | 0.00% |
| SWIS | 1,240 | 1,240 | 0.00% |
| TBL | 10,900 | 10,900 | 0.00% |
| TCC | 17,000 | 17,000 | 0.00% |
| TCCL | 2,160 | 2,300 | 6.48% |
| TICL | 195 | 200 | 2.56% |
| TOL | 660 | 660 | 0.00% |
| TPCC | 4,360 | 4,080 | -6.42% |
| 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.
