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Dar es Salaam Stock Exchange Weekly Market Report Friday 8th December 2023: CRDB, TICL, and Nico Most Active Stocks

DSE CORE Securities

For the week ending December 8th, 2023 (Week 49), the Dar es Salaam Stock Exchange (DSE) exhibited significant trading activities across various stocks.

Turnover and Volume

For the week spanning from Monday, 4th December to Friday, 8th December 2023, the Dar es Salaam Stock Exchange (DSE) reported a total weekly turnover of TZS 1,690.10 million, marking a 6.18% increase from the previous week’s turnover of TZS 1,591.74 million.

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In terms of the volume of shares, there was a total of 1,939,258 shares traded during the week, compared to 1,327,780 shares in the previous week, indicating a significant increase of 46.05% in the volume of shares traded.

Most Active Stocks

The most active stocks in terms of the number of shares traded were CRDB, TICL, and NICO, leading the market in trading volume.

  1. CRDB
    • Traded Volume: 790,026 shares
    • Traded Value: TZS 363,411,960
  2. TICL
    • Traded Volume: 361,279 shares
    • Traded Value: TZS 68,643,010
  3. NICO
    • Traded Volume: 267,749 shares
    • Traded Value: TZS 121,825,795
  4. TOL
    • Traded Volume: 180,240 shares
    • Traded Value: TZS 118,958,400
  5. NMB
    • Traded Volume: 142,256 shares
    • Traded Value: TZS 648,687,360
  6. TCCL
    • Traded Volume: 137,353 shares
    • Traded Value: TZS 293,935,420
  7. DCB
    • Traded Volume: 22,470 shares
    • Traded Value: TZS 2,921,100
  8. TPCC
    • Traded Volume: 15,401 shares
    • Traded Value: TZS 67,764,400
  9. SWIS
    • Traded Volume: 11,251 shares
    • Traded Value: TZS 14,851,320
  10. MBP
    • Traded Volume: 8,729 shares
    • Traded Value: TZS 2,531,410
  11. DSE
    • Traded Volume: 2,394 shares
    • Traded Value: TZS 4,404,960
  12. PAL
    • Traded Volume: 60 shares
    • Traded Value: TZS 21,600
  13. VODA
    • Traded Volume: 40 shares
    • Traded Value: TZS 29,600
  14. MCB
    • Traded Volume: 10 shares
    • Traded Value: TZS 3,100
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Market Capitalization

As of Friday, 8th December 2023, the Dar es Salaam Stock Exchange experienced a noticeable rise in market capitalization.

The total market capitalization rose to TZS 14,518.45 billion, a 0.18% increase from the previous week’s TZS 14,492.15 billion. Similarly, domestic market capitalization grew to TZS 11,405.21 billion, up 0.46% from TZS 11,353.53 billion. These figures indicate a positive trend in the market’s overall value.

    Bond Market

    In week 49, the Dar es Salaam Stock Exchange’s bond market saw a total turnover of TZS 41.43 billion. The market was dominated by trading in government bonds, with significant transactions across various maturities. The week featured active trading in 15-year, 20-year, and 25-year government bonds, showcasing a diverse range of coupon rates.

    Indexes

    In the week ending December 8th, 2023, at the Dar es Salaam Stock Exchange, the All Share Index (DSEI) and the Tanzania Share Index (TSI) both increased, by 0.18% and 0.46% respectively. The Banks, Finance & Investment (BI) index also rose significantly, by 1.61%. In contrast, the Industrial & Allied (IA) and Commercial Services (CS) indices both saw decreases, by 0.10% and 0.04% respectively.

    IndexClosing Value 1st December 2023Closing Value 8th December 2023Variation
    All Share Index (DSEI)1,737.921,741.080.18%
    Tanzania Share Index (TSI)4,291.304,310.830.46%
    Industrial & Allied (IA)5,164.245,159.22-0.10%
    Banks, Finance & Investment (BI)4,517.974,590.911.61%
    Commercial Services (CS)2,148.582,147.74-0.04%

    Stock Performances

    In the week ending December 8th, 2023, the best-performing stocks on the Dar es Salaam Stock Exchange in terms of price increase were TCCL (Tanzania Cigarette Public Limited Company) with a rise of 3.96%, MBP (Mbeya Cement Plc) with a rise of 3.57%, and NMB (NMB Bank Plc) with an increase of 2.67%.

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    On the contrary, the biggest price drop was seen in TICL (Tanga Cement Plc), which fell by -12.20%, followed by DSE (Dar es Salaam Stock Exchange Plc) at -2.15%, and KCB (KCB Bank Plc) with a decrease of -1.56%.

    StockClosing Price (TZS) 1st December 2023Closing Price (TZS) 8th December 2023Variation %
    CRDB4554550.00%
    DCB1301300.00%
    DSE1,8601,820-2.15%
    EABL1,8401,820-1.09%
    JATU2652650.00%
    JHL2,9603,0202.03%
    KA**80800.00%
    KCB320315-1.56%
    MBP2802903.57%
    MCB3103100.00%
    MKCB6306300.00%
    MUCOBA4004000.00%
    NICO4554652.20%
    NMB4,5004,6202.67%
    NMG3303351.52%
    PAL4004000.00%
    SWALA4504500.00%
    SWIS1,3401,320-1.49%
    TBL10,90010,9000.00%
    TCC17,00017,0000.00%
    TCCL2,0202,1003.96%
    TICL205180-12.20%
    TOL6606600.00%
    TPCC4,2804,220-1.40%
    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.

        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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