Dar es Salaam Stock Exchange Report – Week 51, 2024: Turnover Surges by 221%, NMG Gains 19%

The Dar es Salaam Stock Exchange (DSE) recorded a turnover of TZS 12.44 billion in Week 51, 2024, a significant increase of 221.03% compared to TZS 3.87 billion in Week 50. Trading volume also rose sharply by 92.78%, reaching 3.46 million shares. High-value trades in 15-year and 25-year bonds continued to dominate the bond market, with turnover increasing by 72.09% from the previous week. The All Share Index (DSEI) rose by 0.91%, driven by gains in cross-listed stocks, while all other indexes posted declines. NMG emerged as the top gainer with a 19.05% increase, while TPCC led losses, declining by 9.44%.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report

The trading week ending Friday, 20th December 2024, at the Dar es Salaam Stock Exchange (DSE) was marked by increased activity during a full five-day trading week, with significant gains in turnover and trading volume compared to the previous week.

Turnover and Volume

For the week ending Friday, 20th December 2024, the DSE recorded a total turnover of TZS 12,436.00 million from 3,459,406 shares traded in five trading days. This represents a 221.02% increase in turnover and a 92.77% increase in trading volume compared to Week 50, which had a turnover of TZS 3,873.82 million and 1,794,517 shares traded.

Stock Trading Activity

The top traded stocks during Week 51 were:

StockNormal Board (Shares)Pre-arranged Trades (Shares)Total Shares Traded
TCC01,780,0001,780,000
CRDB1,361,88101,361,881
NMB74,194074,194
DCB41,156041,156
AFRIPRISE39,645039,645

Market Capitalization

At the end of Week 51, total market capitalization stood at TZS 17,700.86 billion, a 0.91% increase from the previous week’s TZS 17,541.27 billion. Domestic market capitalization reached TZS 12,121.70 billion, a –0.80% decline from the previous week’s TZS 12,218.92 billion.

Bond Market

The bond market recorded a turnover of TZS 104.32 billion from 76 deals, marking a 72.09% increase from the previous week’s turnover of TZS 60.62 billion across 85 deals. Trades were dominated by 15-year and 25-year government bonds, with significant contributions from corporate bonds.

Indexes

The All Share Index (DSEI) was the only index to appreciate during the week, highlighting gains in cross-listed stocks. All other indexes experienced depreciation.

IndexClosing Value 13th December 2024Closing Value 20th December 2024Variation
All Share Index (DSEI)2,101.682,120.800.91%
Tanzania Share Index (TSI)4,613.044,576.34-0.80%
Industrial & Allied (IA)5,048.444,989.86-1.16%
Banks, Finance & Investment (BI)5,755.105,721.29-0.59%
Commercial Services (CS)2,142.692,138.48-0.20%

    Stock Performances

    The week’s biggest gainer was NMG, with a rise of +19.05%, followed by TTP, which increased by +9.09%, and KCB, up by +7.14%. On the losing side, TPCC posted the largest decline of -9.44%, followed by SWIS, down by -8.33%, and TCCL, which dropped by -5.32%.

    StockClosing Price (TZS) 13th December 2024Closing Price (TZS) 20th December 2024Variation %
    AFRIPRISE (formerly TICL)2202200.00%
    CRDB6506500.00%
    DCB1351403.70%
    DSE2,4202,360-2.48%
    EABL3,2003,3103.44%
    JATU2652650.00%
    JHL2,9903,1806.35%
    KA**80800.00%
    KCB7007507.14%
    MBP3103100.00%
    MCB3103100.00%
    MKCB560540-3.57%
    MUCOBA4004000.00%
    NICO660650-1.52%
    NMB5,4005,350-0.93%
    NMG21025019.05%
    PAL4004000.00%
    SWALA4504500.00%
    SWIS1,2001,100-8.33%
    TBL10,90010,9000.00%
    TCC17,00017,0000.00%
    TCCL1,8801,780-5.32%
    TOL6706700.00%
    TPCC3,6003,260-9.44%
    TTP1101209.09%
    USL550.00%
    VODA7707700.00%
    YETU5105100.00%

    **Suspended

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