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DSE Weekly Market Report Friday 28th July 2023: Turnover Up By +23%, NICO Winner of The Week

DSE CORE Securities

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.

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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.

IndexClosing Value 21st July 2023Closing Value 28th July 2023Variation
All Share Index (DSEI)1,813.341,797.14-0.89%
Tanzania Share Index (TS|)4,101.964,102.500.01%
Industrial & Allied (IA)5,124.565,124.560.00%
Banks, Finance & Investment (BI)3,932.063,933.830.05%
Commercial Services (CS)2,161.212,161.210.00%

Stock Performances

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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.

CompanyClosing Price (TZS) 21st July 2023Closing Price (TZS) 28th July 2023Variation %
CRDB4754750.00%
DCB1401400.00%
DSE1,7001,7201.18%
EABL2,6402,500-5.30%
JATU2652650.00%
JHL3,0603,1001.31%
KA**80800.00%
KCB485475-2.06%
MBP3503500.00%
MCB3203200.00%
MKCB7807800.00%
MUCOBA4004000.00%
NICO4804953.13%
NMB3,4603,4600.00%
NMG3303351.52%
PAL4004000.00%
SWALA4504500.00%
SWIS1,6401,6400.00%
TBL10,90010,9000.00%
TCC17,00017,0000.00%
TCCL1,8001,8000.00%
TICL1551550.00%
TOL6206200.00%
TPCC4,1204,1200.00%
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 5th January 2023 to 5th January 2024. Meanwhile, KA shares have also been suspended from trading at the DSE from 6th July 2020 as per rules 57(1) and (2) of the DSE Rules, 2016.

Winners:

  1. NICO: +3.13%
  2. NMG: +1.52%
  3. JHL: +1.31%
  4. DSE: +1.18%

Losers:

  1. EABL: -5.30%
  2. 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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