Dar es Salaam Stock Exchange Report – Week 47, 2024: Increased Turnover but Decline in Indexes, NMG Leads Losses

The Dar es Salaam Stock Exchange (DSE) recorded increased turnover of TZS 2,198.14 million from 1,975,819 shares traded during Week 47 of 2024. However, market indexes declined, with the All Share Index (DSEI) falling by -0.65%. CRDB led trading activity, while NMG posted the largest loss of the week at -12.28%.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report

The trading week ending Friday, 22nd November 2024, at the Dar es Salaam Stock Exchange (DSE) saw increased turnover but significant declines in market indexes, with CRDB continuing to dominate trading activity and NMG leading losses.

Turnover and Volume

For the week ending Friday, 22nd November 2024, the DSE recorded a total turnover of TZS 2,198.14 million from 1,975,819 shares traded in 2,885 deals.

This represents a +56.08% increase in turnover and a +68.76% increase in volume compared to Week 46, which recorded a turnover of TZS 1,408.31 million from 1,170,765 shares traded.

Stock Trading Activity

    The top traded stocks during Week 47 were:

    StockShares TradedTurnover (TZS mln)
    CRDB1,195,286777.94
    NMB39,894215.64
    AFRIPRISE29,9766.92
    NICO21,57214.91
    TPCC2,6299.49
    DSE2,1525.2
    TBL2802.91
    TCC200.32

    Market Capitalization

      At the close of Week 47, the total market capitalization stood at TZS 18,258.59 billion, compared to TZS 18,377.44 billion at the close of Week 46. This represents a -0.65% decrease in total market capitalization.

      The domestic market capitalization fell to TZS 12,209.40 billion, from TZS 12,288.64 billion in Week 46. This represents a -0.64% decrease in domestic market capitalization.

      Bond Market

      The bond market recorded a total turnover of TZS 16.08 billion in 122 deals, with activity dominated by 20-year and 25-year government bonds.

      This marks a -88.34% decrease in bond market turnover compared to Week 46, which saw TZS 137.90 billion traded.

      Indexes

        During Week 47, all indexes on the DSE experienced declines except for the Commercial Services Index (CS), which remained flat.

        IndexClosing Value 15th November 2024Closing Value 22nd November 2024Variation
        All Share Index (DSEI)2,201.852,187.62-0.65%
        Tanzania Share Index (TSI)4,639.364,609.44-0.64%
        Industrial & Allied (IA)5,057.215,056.09-0.02%
        Banks, Finance & Investment (BI)5,828.935,731.41-1.67%
        Commercial Services (CS)2,143.532,143.530.00%

        Stock Performances

        At the close of Week 47 in 2024, JHL recorded the only price gain at +2.66%, while the biggest loser of the week was NMG, which declined by -12.28%.

        StockClosing Price (TZS) 15th November 2024Closing Price (TZS) 22nd November 2024Variation %
        AFRIPRISE (formerly TICL)235230-2.13%
        CRDB670650-2.99%
        DCB1601600.00%
        DSE2,4002,4000.00%
        EABL3,7403,690-1.34%
        JATU2652650.00%
        JHL3,3803,4702.66%
        KA**80800.00%
        KCB8008000.00%
        MBP3403400.00%
        MCB3103100.00%
        MKCB5605600.00%
        MUCOBA4004000.00%
        NICO6906900.00%
        NMB5,4005,350-0.93%
        NMG285250-12.28%
        PAL4004000.00%
        SWALA4504500.00%
        SWIS1,2201,2200.00%
        TBL10,90010,9000.00%
        TCC17,00017,0000.00%
        TCCL1,9801,960-1.01%
        TOL6706700.00%
        TPCC3,6203,6200.00%
        TTP1101100.00%
        USL550.00%
        VODA7707700.00%
        YETU5105100.00%

        **Suspended

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