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Weekly Market Report Friday 4th August 2023: Turnover Up By +6.5%, DCB Winner of The Week

DSE CORE Securities

The Dar es Salaam Stock Exchange (DSE) experienced a moderate increase in turnover in the week ending Friday 4th August 2023, compared to the previous week.

Turnover and Volume
The total turnover for week 31 of 2023 was TZS 2.00 billion, representing an increase of approximately +6.5% from the previous week’s total of TZS 1.88 billion.

The total volume of shares traded was 996,244 shares, a decrease of approximately -74.1% from the previous week’s total of 3,853,692 shares.

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Market Capitalization
The total market capitalization saw a slight increase of +0.17% from TZS 14,985.94 billion on 28th July 2023 to TZS 15,011.62 billion on 4th August 2023.

The domestic market capitalization saw a slight increase of +0.41% from TZS 10,853.95 billion to TZS 10,898.79 billion.

Bond Performances
The bond market saw a variety of bonds traded throughout the week, including 7-year, 10-year, 15-year, 20-year, and 25-year bonds with various coupon rates.

The highest bond trading activity was recorded on Friday, August 4th, with TZS 77.39 billion traded in 21 deals.

Corporate Bonds
There was limited activity in the Corporate Bonds segment, with only one transaction recorded on Wednesday, August 2nd, where a 3-year Sustainable bond with a coupon rate of 8.50% and a face value of TZS 2.00 million was traded at 85.1100%.

Indexes

IndexClosing Value 28th July 2023Closing Value 4th August 2023Variation
All Share Index (DSEI)1,797.141,800.220.17%
Tanzania Share Index (TS|)4,102.504,119.460.41%
Industrial & Allied (IA)5,124.565,127.310.05%
Banks, Finance & Investment (BI)3,933.833,986.231.33%
Commercial Services (CS)2,161.212,161.210.00%

Stock Performances
Throughout the week, several counters saw activity. CRDB consistently had shares traded across the week, with the highest volume of 250,392 shares traded on Tuesday, August 1st. Other counters that saw activity include DCB, DSE, MKCB, NICO, NMB, SWIS, TCL, TPCC, and VODA.

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CompanyClosing Price (TZS) 28th July 2023Closing Price (TZS) 4th August 2023Variation %
CRDB475465-2.11%
DCB1401453.57%
DSE1,7201,7200.00%
EABL2,5002,440-2.40%
JATU2652650.00%
JHL3,1003,1601.94%
KA**80800.00%
KCB4754903.16%
MBP3503500.00%
MCB3203200.00%
MKCB780710-8.97%
MUCOBA4004000.00%
NICO495480-3.03%
NMB3,4603,5402.31%
NMG3353350.00%
PAL4004000.00%
SWALA4504500.00%
SWIS1,6401,6400.00%
TBL10,90010,9000.00%
TCC17,00017,0000.00%
TCCL1,8001,8402.22%
TICL155150-3.23%
TOL6206301.61%
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 and Losers

Winners:

  1. DCB: +3.57%
  2. KCB: +3.16%
  3. NMB: +2.31%
  4. TCCL: +2.22%
  5. JHL: +1.94%
  6. TOL: +1.61%

Losers:

  1. MKCB: -8.97%
  2. EABL: -2.40%
  3. CRDB: -2.11%
  4. NICO: -3.03%
  5. TICL: -3.23%

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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