The Dar es Salaam Stock Exchange (DSE) experienced a significant increase in turnover in the week ending Friday 28th July 2023, compared to the previous week.
Turnover and Volume
The total turnover for week 30 of 2023 was TZS 1.88 billion, representing an increase of approximately +23.98% from the previous week’s total of TZS 1.52 billion.
The total volume of shares traded was 3,853,692 shares, an increase of approximately +22.71% from the previous week’s total of 3,140,638 shares.
Market Capitalization
The total market capitalization saw a decrease of -0.89% from TZS 15,121.11 billion on 21st July 2023 to TZS 14,985.94 billion on 28th July 2023.
The domestic market capitalization saw a slight increase of +0.01% from TZS 10,852.53 billion to TZS 10,853.95 billion.
Bond Performances
The bond market saw a variety of bonds traded throughout the week, including 10-year, 15-year, 20-year, and 25-year bonds with various coupon rates. The highest bond trading activity was recorded on Friday, July 28th, with TZS 46.91 billion traded in 16 deals.
Corporate Bonds
There was limited activity in the Corporate Bonds segment, with only one transaction recorded on Monday, July 24th, where a 3-year Sustainable bond with a coupon rate of 8.50% and a face value of TZS 50.00 million was traded at 100.0000%.
Indexes
Only the Banks, Finance & Investment (BI) index saw its values increase, barely, in week 30 of 2023.
| Index | Closing Value 21st July 2023 | Closing Value 28th July 2023 | Variation |
| All Share Index (DSEI) | 1,813.34 | 1,797.14 | -0.89% |
| Tanzania Share Index (TS|) | 4,101.96 | 4,102.50 | 0.01% |
| Industrial & Allied (IA) | 5,124.56 | 5,124.56 | 0.00% |
| Banks, Finance & Investment (BI) | 3,932.06 | 3,933.83 | 0.05% |
| Commercial Services (CS) | 2,161.21 | 2,161.21 | 0.00% |
Stock Performances
Throughout the week, several counters saw activity. CRDB consistently had shares traded across the week, with the highest volume of 3,121,845 shares traded on Monday, July 24th. Other counters that saw activity include DCB, DSE, MKCB, NICO, NMB, SWIS, TCL, TPCC, and VODA.
| Company | Closing Price (TZS) 21st July 2023 | Closing Price (TZS) 28th July 2023 | Variation % |
| CRDB | 475 | 475 | 0.00% |
| DCB | 140 | 140 | 0.00% |
| DSE | 1,700 | 1,720 | 1.18% |
| EABL | 2,640 | 2,500 | -5.30% |
| JATU | 265 | 265 | 0.00% |
| JHL | 3,060 | 3,100 | 1.31% |
| KA** | 80 | 80 | 0.00% |
| KCB | 485 | 475 | -2.06% |
| MBP | 350 | 350 | 0.00% |
| MCB | 320 | 320 | 0.00% |
| MKCB | 780 | 780 | 0.00% |
| MUCOBA | 400 | 400 | 0.00% |
| NICO | 480 | 495 | 3.13% |
| NMB | 3,460 | 3,460 | 0.00% |
| NMG | 330 | 335 | 1.52% |
| PAL | 400 | 400 | 0.00% |
| SWALA | 450 | 450 | 0.00% |
| SWIS | 1,640 | 1,640 | 0.00% |
| TBL | 10,900 | 10,900 | 0.00% |
| TCC | 17,000 | 17,000 | 0.00% |
| TCCL | 1,800 | 1,800 | 0.00% |
| TICL | 155 | 155 | 0.00% |
| TOL | 620 | 620 | 0.00% |
| TPCC | 4,120 | 4,120 | 0.00% |
| TTP | 120 | 120 | 0.00% |
| USL | 5 | 5 | 0.00% |
| VODA | 770 | 770 | 0.00% |
| YETU | 510 | 510 | 0.00% |
Winners:
- NICO: +3.13%
- NMG: +1.52%
- JHL: +1.31%
- DSE: +1.18%
Losers:
- EABL: -5.30%
- KCB: -2.06%
The rest of the companies had no change in their closing prices, hence they neither fall in the winners nor losers category.
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.
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