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Dar es Salaam Stock Exchange Report Week 9 of 2024: Turnover Up By 127%, CRDB Price Up By +4%

DSE CORE Securities

The trading week from Monday 26th February to Friday 1st March 2024 at the Dar es Salaam Stock Exchange (DSE) exhibited strong market activity.

Turnover and Volume

During week 9 of 2024, the DSE witnessed a total weekly turnover of TZS 8,387.43 million, showing a massive increase of 126.93% compared to the previous week’s turnover of TZS 3,695.93 million.

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Meanwhile, the total volume of shares traded amounted to 9,528,761 compared to 2,428,161 the previous week, showing an increase of 497.18%.

Most Active Stocks

The most traded stocks of the week were CRDB, NIKO, and MKCB.

The total number of shares traded for each stock during the week is as follows:

CRDB: 3,168,409 shares
NICO: 137,343 shares
MKCB: 76,653 shares
TPCC: 60,281 shares
DCB: 36,641 shares
TCCL: 26,000 shares
NMB: 12,361 shares
TICL: 12,056 shares
DSE: 3,368 shares
SWIS: 2,021 shares
VODA: 1,150 shares
PAL: 200 shares
TBL: 120 shares
MBP: 70 shares

Market Capitalization

As of Friday, 1st March 2024, the Dar es Salaam Stock Exchange’s total market capitalization amounted to TZS 14,774.89 billion, and the domestic market capitalization was TZS 11,652.51 billion.

This represents an increase of 0.24% and 0.30% from the previous week’s values of TZS 14,739.49 billion and TZS 11,617.11 billion.

Bond Market

The total weekly bond market activity, encompassing both government and corporate bonds, amounted to TZS 106.16 billion. This reflects a notable increase of 13.23% from the previous week, during which the total turnover was TZS 93.75 billion.

Indexes

All indexes, except for the Industrial & Allied (IA) and the Commercial Services (CS) indexes, showed appreciations in their values compared to the previous week.

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IndexClosing Value 23rd February 2024Closing Value 1st March 2024Variation
All Share Index (DSEI)1,765.961,770.200.24%
Tanzania Share Index (TSI)4,385.834,399.190.30%
Industrial & Allied (IA)5,209.015,195.03-0.27%
Banks, Finance & Investment (BI)4,777.604,841.751.34%
Commercial Services (CS)2,139.322,139.320.00%

Stock Performances

The only stock that showed a price increase was CRDB with +4.00%.

StockClosing Price (TZS) 23rd February 2024Closing Price (TZS) 1st March 2024Variation %
CRDB5005204.00%
DCB1501500.00%
DSE1,8601,820-2.15%
EABL1,8401,8400.00%
JATU2652650.00%
JHL2,9802,9800.00%
KA**80800.00%
KCB3153150.00%
MBP3053050.00%
MCB3103100.00%
MKCB6306300.00%
MUCOBA4004000.00%
NICO5805800.00%
NMB4,6604,6600.00%
NMG3153150.00%
PAL4004000.00%
SWALA4504500.00%
SWIS1,1201,1200.00%
TBL10,90010,9000.00%
TCC17,00017,0000.00%
TCCL2,4802,400-3.23%
TICL1901900.00%
TOL6606600.00%
TPCC4,4004,340-1.36%
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 5 January 2023 to 5 January 2024. Meanwhile, KA shares have also been suspended from trading at the DSE from 6*” July 2020 as per rule 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 +255 754 303759 or +255 622 303 759 or write to ddario@coresecurities.co.tz.

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