Dar es Salaam Stock Exchange Report – Week 50, 2024: Shortened Trading Week with Moderate Activity

The Dar es Salaam Stock Exchange (DSE) recorded a turnover of TZS 3.87 billion in Week 50, 2024, across 1.79 million shares traded during a four-day week. High-value trades in 15-year and 25-year bonds dominated the bond market, while the All Share Index (DSEI) dropped by 2.24%, driven by declines in cross-listed stocks. TOL emerged as the top gainer, while NMG led losses.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report

The trading week ending Friday, 13th December 2024, at the Dar es Salaam Stock Exchange (DSE) was a shortened one, with only four trading days due to a national holiday on Monday, with modest activity compared to the previous week.

Turnover and Volume

For the week ending Friday, 13th December 2024, the DSE recorded a total turnover of TZS 3,873.82 million from 1,794,517 shares traded in four trading days.

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This represents a -79.69% decrease in turnover and a -90.33% decrease in trading volume compared to Week 49, which had a turnover of TZS 19,074.15 million and 18,559,165 shares traded across five days.

Stock Trading Activity

The top traded stocks during Week 50 were:

StockNormal Board (Shares)Pre-arranged Trades (Shares)Total Shares Traded
CRDB1,093,51301,093,513
NMB39,838500,000539,838
TPCC46,145046,145
AFRIPRISE33,991033,991
TOL25,625025,625

Market Capitalization

At the end of week 50, Total Market Capitalization stood at TZS 17,541.27 billion, a -2.81% decrease from the previous week’s TZS 18,049.75 billion.

Domestic Market Capitalization stood at TZS 12,218.92 billion, a -0.09% decrease from the previous week’s TZS 12,230.20 billion.

    Bond Market

    High-value trades in 15-year and 25-year government bonds dominated the bond market, contributing to a total turnover of TZS 60.62 billion across 85 deals. This represents a -68.15% decrease from the previous week’s turnover of TZS 190.36 billion in 108 deals.

    Indexes

    The All Share Index (DSEI) posted the largest decline of -2.24%, driven by weak performances in cross-listed stocks. The Tanzania Share Index (TSI) remained relatively flat, edging down slightly by -0.02%, as domestic stocks held steady. Among sector indexes, the Industrial & Allied Index (IA) fell by -0.04%, while both the Banks, Finance & Investment Index (BI) and the Commercial Services Index (CS) remained unchanged.

    RELATED:  Dar es Salaam Stock Exchange Week 31 of 2025: Equity Turnover Up +45.54%, MKCB Gains 16.67%, AFRIPRISE Down -5.88%
    IndexClosing Value 6th December 2024Closing Value 13th December 2024Variation
    All Share Index (DSEI)2,149.752,101.68-2.24%
    Tanzania Share Index (TSI)4,614.024,613.04-0.02%
    Industrial & Allied (IA)5,050.605,048.44-0.04%
    Banks, Finance & Investment (BI)5,755.275,755.100.00%
    Commercial Services (CS)2,142.692,142.690.00%

    Stock Performances

    The week’s biggest gainer was TOL, which rose by +3.08%. NMG posted the largest loss of -14.29%, followed by JHL, which declined by -12.83%, and KCB, down by -7.89%.

    Closing Price (TZS) 6th December 2024Closing Price (TZS) 13th December 2024Variation %
    2202200.00%
    6506500.00%
    1351350.00%
    2,4002,4200.83%
    3,4303,200-6.71%
    2652650.00%
    3,4302,990-12.83%
    80800.00%
    760700-7.89%
    3103100.00%
    3103100.00%
    5605600.00%
    4004000.00%
    670660-1.49%
    5,4005,4000.00%
    245210-14.29%
    4004000.00%
    4504500.00%
    1,2001,2000.00%
    10,90010,9000.00%
    17,00017,0000.00%
    1,8801,8800.00%
    6506703.08%
    3,6203,600-0.55%
    1101100.00%
    550.00%
    7707700.00%
    5105100.00%

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