Dar es Salaam Stock Exchange Report – Week 45, 2024: Little Activity, EABL Leads Gains, JHL Biggest Loss

DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report

The trading week ending Friday, 8th November 2024, at the Dar es Salaam Stock Exchange (DSE) saw a significant decrease in activity compared to the previous week, with CRDB leading the trades.

Turnover and Volume

For the week ending Friday, 8th November 2024, the DSE recorded a total turnover of TZS 1,092.16 million from 1,597,956 shares traded in 3,206 deals.

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This represents a -95.64% decrease in turnover and a -92.42% decrease in volume compared to Week 44, which saw a turnover of TZS 25,076.51 million from 21,102,099 shares traded.

Week 44’s figures were boosted by pre-arranged trades, particularly in CRDB, which was not a significant factor this week.

    Stock Trading Activity

    The top traded stocks during Week 45 were:

    1. CRDB: 1,365,831 shares traded, totaling TZS 926.26 million.
    2. DCB: 106,212 shares traded, totaling TZS 16.99 million.
    3. NICO: 34,718 shares traded, totaling TZS 24.44 million.
    4. AFRIPRISE: 44,831 shares traded, totaling TZS 10.76 million.
    5. NMB: 2,669 shares traded, totaling TZS 14.44 million.
    6. DSE: 10,334 shares traded, totaling TZS 24.99 million.
    7. VODA: 2,440 shares traded, totaling TZS 1.81 million.
    8. TBL: 340 shares traded, totaling TZS 3.54 million.
    9. TCCL: 21,860 shares traded, totaling TZS 43.29 million.
    10. TPCC: 5,666 shares traded, totaling TZS 20.39 million.
    11. SWIS: 1,450 shares traded, totaling TZS 1.74 million.
    12. TCC: 120 shares traded, totaling TZS 1.94 million.
    13. PAL: 500 shares traded, totaling TZS 0.18 million.

    Market Capitalization

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    At the close of Week 45, the total market capitalization stood at TZS 18,538.32 billion, compared to TZS 18,449.68 billion at the close of Week 44.

    This represents a +0.48% increase in total market capitalization.

      However, the domestic market capitalization saw a slight decline of -0.12% to TZS 12,286.40 billion, from TZS 12,300.89 billion in Week 44.

        Bond Market

        The bond market saw higher activity in Week 45, with a total turnover of TZS 53.45 billion from 93 deals.

        This marks a +65.15% increase in bond market turnover compared to Week 44, which had TZS 32.37 billion traded.

          Government bonds, particularly the 20-year and 25-year issues, dominated trading, while corporate bond activity remained limited with a few small trades throughout the week.

          Indexes

          At the close of Week 45 in 2024, the All Share Index (DSEI) outperformed the others, while the Banks, Finance & Investment (BI) sector experienced the largest decline in value.

          IndexClosing Value 1st November 2024Closing Value 8th November 2024Variation
          All Share Index (DSEI)2,210.512,221.130.48%
          Tanzania Share Index (TSI)4,643.994,638.52-0.12%
          Industrial & Allied (IA)5,042.305,054.040.23%
          Banks, Finance & Investment (BI)5,865.445,830.62-0.60%
          Commercial Services (CS)2,143.532,143.530.00%

          Stock Performances

          At the close of Week 45 in 2024, EABL recorded the highest price gain at 2.89%, while the biggest loser of the week was JHL, which declined by -5.65%.

          StockClosing Price (TZS) 1st November 2024Closing Price (TZS) 8th November 2024Variation %
          AFRIPRISE (formerly TICL)2402400.00%
          CRDB680670-1.47%
          DCB165160-3.03%
          DSE2,4202,4200.00%
          EABL3,8003,9102.89%
          JATU2652650.00%
          JHL3,5403,340-5.65%
          KA**80800.00%
          KCB8008101.25%
          MBP3403400.00%
          MCB3103100.00%
          MKCB5405400.00%
          MUCOBA4004000.00%
          NICO720700-2.78%
          NMB5,4005,4000.00%
          NMG2902951.72%
          PAL4004000.00%
          SWALA4504500.00%
          SWIS1,2201,2200.00%
          TBL10,90010,9000.00%
          TCC17,00017,0000.00%
          TCCL1,9401,9802.06%
          TOL6706700.00%
          TPCC3,5403,6001.69%
          TTP1101100.00%
          USL550.00%
          VODA7707700.00%
          YETU5105100.00%
          **Suspended

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