DSE edges higher as DCB steals show

DAR ES SALAAM: EQUITY trading on the Dar es Salaam Stock Exchange (DSE) showed mixed momentum on Friday, with steady investor participation in blue-chip counters and robust activity in government and corporate bonds, highlighting a continuing search for yield in capital markets.

Total turnover for the session was 7.06bn/-, generated from 4.34 million shares traded in 2,077 deals, while exchange-traded funds (ETFs) and fixedincome securities contributed additional liquidity.

Government bonds traded 10.91bn/- across 46 deals, underscoring strong demand for sovereign paper. Among equities, CRDB Group Plc dominated market activity with 3.83 million shares changing hands at an average price of 1,770/- reinforcing its status as the DSE’s most liquid counter.

NMB Plc also saw active interest, with its share price closing higher at 9,120/- on turnover of roughly 4.56bn/- . Other financials such as NICOL (T) Plc and MKCB Plc recorded meaningful volumes, signalling continued investor confidence in the banking sector amid a backdrop of steady macroeconomic indicators.

DCB Commercial Bank led the day’s gainers, surging 12.24 per cent as its share price climbed to 275/- from 245/-, outperforming peers and topping the daily movers’ chart. The rally underscored renewed investor appetite for smaller, liquid banking counters.

TTCL followed with a 9.63 per cent advance, rising from 3,010/- to 3,300/- , while Maendeleo Bank added 9.25 per cent, closing at 1,890/- from 1,730/-. Precision Air also stood out at 280/-, as buyers appeared to steady the stock after recent volatility in the aviationlinked name.

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Support extended to industrial and large-cap financials. Tanga Cement finished at 3,300/-, drawing flows from investors seeking exposure beyond the core banking names, while heavyweight CRDB Group traded up to 1,770/- on strong volumes, reinforcing the sector’s leadership on the board.

A few counters bucked the trend. Dar es Salaam Stock Exchange Plc slipped to 7,460/-, pointing to profit-taking after recent gains, while Mwalimu Commercial Bank eased to around 495/- , reflecting softer demand relative to its peers.

The All Share Index (DSEI) advanced to 3,045.58, supported by gains in major counters, while the broader Tanzania Share Index (TSI) stood at 6,607.42. The Banking, Finance & Investment sector continued its dominance, reflecting both size and investor preference.

Local investors continued to account for the lion’s share of activity, contributing nearly 100 per cent of buying turnover, with foreign participation remaining subdued. On the sell side, local investors represented nearly 73 per cent of turnover, with non-resident investors accounting for the remainder.

On the ETF board, VERTEX-ETF traded 280,803 units at a weighted average price of 400/-, signalling sustaining interest in diversified market exposure.

Meanwhile, the government bond market attracted significant capital across maturities ranging from 5 to 25 years, with yields reflecting investor appetite for longer-dated paper. Corporate bonds also traded, albeit in smaller volumes, adding to the depth of the fixed-income market.