Dar es Salaam Stock Exchange Report – Week 37, 2024: 325% Surge in Turnover and 800% Increase in Trading Volume

DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report

The trading week ending Friday, 13th September 2024, at the Dar es Salaam Stock Exchange (DSE) witnessed a dramatic surge in both turnover and trading volume, marking a sharp rebound after two weeks of subdued activity.

Turnover and Volume

During Week 37 of 2024, the DSE recorded a total turnover of TZS 2,926.89 million from 8,460,355 shares traded in 1,601 deals.

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This represents an increase of 325.67% in total turnover and 800.92% in volume traded compared to the previous week, which saw a turnover of TZS 687.59 million from 939,071 shares traded.

Market Capitalization

At the close of Week 37 of 2024, the total market capitalization and domestic market capitalization of listed shares at the DSE amounted to TZS 17,500.65 billion and TZS 12,223.30 billion, respectively.

This reflects a decrease of -1.00% in total market capitalization and a decrease of -0.61% in domestic capitalization compared to the previous week’s close figures of TZS 17,678.69 billion and TZS 12,299.47 billion.

Bond Market

During week 37 of 2024, the bond market recorded transactions worth TZS 99.88 billion, representing an increase of 315.99% compared to TZS 24.01 billion the previous week.

Indexes

At the close of Week 37, 2024, all indices experienced a decline in value, with the exception of the Industrial & Allied (IA) and Commercial Services (CS) indices, both of which remained unchanged.

IndexClosing Value 6th September 2024Closing Value 13th September 2024Variation
All Share Index (DSEI)2,118.142,096.80-1.01%
Tanzania Share Index (TSI)4,643.454,614.70-0.62%
Industrial & Allied (IA)5,072.275,072.270.00%
Banks, Finance & Investment (BI)5,830.955,735.69-1.63%
Commercial Services (CS)2,134.272,134.270.00%

Stock Performances

At the close of Week 37, 2024, two stocks showed notable price gains: DCB appreciated by 10.71%, while MNG rose by 6.67%. The biggest loser of the week was NICO, which declined by -5.26%.

StockClosing Price (TZS) 6th September 2024Closing Price (TZS) 13th September 2024Variation %
AFRIPRISE (formerly TICL)2302300.00%
CRDB670660-1.49%
DCB14015510.71%
DSE2,4002,4401.67%
EABL3,1903,170-0.63%
JATU2652650.00%
JHL3,2403,230-0.31%
KA**80800.00%
KCB710680-4.23%
MBP3403400.00%
MCB3103100.00%
MKCB5605600.00%
MUCOBA4004000.00%
NICO760720-5.26%
NMB5,4005,300-1.85%
NMG3003206.67%
PAL4004000.00%
SWALA4504500.00%
SWIS1,0001,0000.00%
TBL10,90010,9000.00%
TCC17,00017,0000.00%
TCCL1,6001,6000.00%
TOL7007000.00%
TPCC3,8403,8400.00%
TTP1101100.00%
USL550.00%
VODA7707700.00%
YETU5105100.00%
**Suspended.
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