DSE Weekly Market Report Friday 25th August 2023: NMB, EABL, TICL Winners of The Week

The Dar es Salaam Stock Exchange (DSE) experienced varied market activities during the week ending Friday 25th August 2023, in comparison to the preceding week.

Turnover and Volume

From Monday, 21st August to Friday, 25th August 2023, the DSE registered a cumulative turnover of TZS 513.93 million from 692,752 shares traded.

This represents a decrease of 63.7% in turnover compared to the TZS 1.414 billion from the previous week.

The bond market for the week recorded a cumulative turnover of TZS 106.77 billion from various deals, marking an increase of 139.9% compared to TZS 44.49 billion during the previous week.

Market Capitalisation

The total market capitalisation as of 25th August 2023 stood at TZS 14,683.58 billion, a slight decrease of 0.34% from TZS 14,733.48 billion as of 18th August 2023.

The domestic market capitalisation closed at TZS 11,009.31 billion, indicating a decrease of 0.86%.

    Indexes

    IndexClosing Value 18th August 2023Closing Value 25th August 2023Variation
    All Share Index (DSEI)1,766.861,760.87-0.34%
    Tanzania Share Index (TSI)4,137.544,161.210.57%
    Industrial & Allied (IA)5,120.085,120.080.00%
    Banks, Finance & Investment (BI)4,056.644,137.091.98%
    Commercial Services (CS)2,161.212,159.53-0.08%

    Stock Performances

    CompanyClosing Price (TZS) 18th August 2023Closing Price (TZS) 25th August 2023Variation %
    CRDB470460-2.13%
    DCB1451450.00%
    DSE1,8601,8600.00%
    EABL2,1202,2204.72%
    JATU2652650.00%
    JHL2,8802,9000.69%
    KA**80800.00%
    KCB465400-13.98%
    MBP3503500.00%
    MCB3203200.00%
    MKCB710690-2.82%
    MUCOBA4004000.00%
    NICO4804851.04%
    NMB3,6803,8604.89%
    NMG3403400.00%
    PAL4004000.00%
    SWALA4504500.00%
    SWIS1,6401,600-2.44%
    TBL10,90010,9000.00%
    TCC17,00017,0000.00%
    TCCL1,7201,7200.00%
    TICL1501553.33%
    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 6*h July, 2020 as per rule 57(1) and (2) of the DSE Rules, 2016.

    Winners and Losers

    Winners of the Week

    1. NMB: NMB Bank led the gainers this week. Its share price rose by 4.89% to close at TZS 3,860 on 25th August 2023, compared to TZS 3,680 on 18th August 2023.
    2. EABL: The East African Breweries Limited stock saw a growth of 4.72%, closing at TZS 2,220 on 25th August 2023, up from TZS 2,120 on 18th August 2023.
    3. TICL: TCCIA Investment experienced a positive week, with its share price increasing by 3.33% to close at TZS 155 on 25th August 2023, up from TZS 150 on 18th August 2023.

    Losers of the Week

    1. KCB: Kenya Commercial Bank (KCB) stock saw the most significant decrease of 13.98% in its share price, closing at TZS 400 on 25th August 2023, compared to TZS 465 on 18th August 2023.
    2. MKCB: Mkombozi Commercial Bank Plc (MKCB) had its share price decrease by 2.82%, closing at TZS 690 on 25th August 2023, down from TZS 710 on 18th August 2023.
    3. CRDB: CRDB Bank Plc experienced a decline of 2.13% in its share price, closing at TZS 460 on 25th August 2023, down from TZS 470 on 18th August 2023.

    The rest of the companies had no change in their closing prices.

    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.

      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.

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