Mixed performance as DSEI inches up while TSI edges lower

DAR ES SALAAM: DURING the week ending 25th April 2025, the Dar es Salaam Stock Exchange (DSE) recorded a total equity turnover of 3.57bn/-, representing a 49 per cent decline from 7.0bn/- posted in the previous week.

A total of 4.46 million shares were traded during the week, compared to 18.7 million shares traded in the prior week.

The total market capitalisation slightly improved from 18.903tri/- to 18.923tri/-, while domestic market capitalisation declined from 12.984tri/- to 12.974tri/-. Index performance was mixed, with the All-Share Index (DSEI) rising from 2,263.60 points to 2,265.95 points, while the Tanzania Share Index (TSI) edged lower from 4,897.99 points to 4,894.02 points.

Foreign investor participation remained minimal, with foreigners accounting for 0.23 per cent of total buying and 13.08 per cent of total selling, resulting in a net capital outflow of 458.83m/-.

Local investors continued to dominate market activity throughout the week. CRDB Bank led both in turnover and volume, accounting for 94.46 per cent of the total equity turnover with 3.37bn/- and trading 4.269 million shares, representing 95.81 per cent of the total volume traded. Twiga Cement (TPCC) followed, contributing 1.69 per cent of the turnover with approximately 60m/-.

In terms of price movements, Afriprise gained 10/- to close at 245/- from 235/-, while Maendeleo Bank (MBP) also gained 10/-, rising from 385/- to 395/-.

NICOL experienced a decline in price from 720/- to 690/-. In the cement sector, Twiga Cement and Tanga Cement (TCCL) both recorded price drops of 40/-, with TPCC falling from 4,100/- to 4,060/- and TCCL declining from 1,800/- to 1,760/-.

On the debt market, the secondary bond market recorded a turnover of 11.8bn/- during the week, marking a sharp decline of 94 per cent compared to the previous week ended 18th April.

Additionally, on 23rd April 2025, the Bank of Tanzania (BoT) conducted a Treasury Bills auction. The 35-day and 91-day bills each had one participant, with one successful bid each. The 35-day bill was awarded at a minimum successful price of 99.3806, yielding 6.4997 per cent and raised 900m/-. The 91-day bill was awarded at a minimum successful price of 98/1645, yielding 7.4998 per cent and raised 1.9bn/-.

The 182-day bill received two bids, both of which were successful, awarded at a minimum price of 95/9458, yielding 8.4742 per cent, collecting 2.9bn/-.

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The 364-day bill attracted 35 bids, out of which 18 were successful, at a minimum price of 91/8361, yielding 8.9141 per cent. The amount offered was 102.8bn/-, bids tendered amounted to 125.9bn/- and 60bn/- was accepted.

On the corporate news front, Swissport announced its audited financial results for 2024 and declared a dividend of 70/72 per share, representing a 37 per cent year-on-year increase from the previous year.

A total dividend of 2.55bn/- will be distributed to shareholders out of the net profit of 5.092bn/-. The dividend will be paid on 2nd July 2025. The shareholder register will be closed on 19th May 2025. The cum-dividend date will be up to 14th May 2025 and the ex-dividend date will be 15th May 2025.