DSE weekly turnover nearly doubles

DAR ES SALAAM: THE Dar es Salaam Stock Exchange (DSE) closed the week on a positive note, with market activity showing a strong rebound compared to the previous trading week.

Total turnover for the week surged to 27.1bn/-, representing an impressive 94.49 per cent increase from the prior week’s turnover of 13.9bn/-.

This substantial rise in value was largely attributed to pre-arranged block trades executed on key counters including TBL, CRDB Bank, KCB Bank, and NICO.

TBL emerged as the dominant player, contributing 48 per cent of the total market turnover, a reflection of heightened investor interest in the counter.

Close behind was CRDB Bank, which accounted for 41.06 per cent, continuing to attract attention following its consistent price momentum and recent corporate developments.

KCB Bank and NICO contributed 3.84 per cent and 2.13 per cent of the total turnover, respectively, reinforcing their positions as notable movers in the week’s trading session.

On the price movement front, the TPCC stood out as the week’s top gainer.

Its share price appreciated by 11.34 per cent, closing at 5,400/- per share.

The gain may be linked to improved sentiment around the construction sector and the company’s recent earnings outlook.

CRDB followed closely, recording a 9.38 per cent increase, closing the week at 875/- per share.

On the losers’ side MCB recorded the steepest decline for the week, with its share price falling by 4.17 per cent to 230/-. It was followed by TCCL, which shed 3.96 per cent to close at 1,940/- per share.

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Market heavyweight TBL also saw a price decline of 3.82 per cent, ending the week at 10,080/- per share, while Tanzania Cigarette Company (TCC) dropped by 1.98 per cent, closing at 16,330/- per share.

In terms of market valuation, the exchange registered gains in both total and domestic market capitalisation. Total market capitalisation increased modestly by 0.17 per cent, reaching 19.51tri/- .

More notably, domestic market capitalisation rose by 1.86 per cent, closing the week at 13.03tri/-, largely supported by gains in heavyweight domestic counters like CRDB and TPCC.

Key benchmark indices All Share Index (DSEI) closed at 2,339 points increasing by 0.17 per cent Tanzania Share Index (TSI) closed at 4,923.07 points increasing by 1.86 per cent Sector Indices Industrial & Allied Index (IA) closed at 5,068.29 points, down by 0.98 per cent Bank, Finance & Investment Index closed at 7,443.89 points, up by 4.60 per cent Commercial Services Index closed at 1,487.47 points, up by 2.62 per cent Highlights: Debt Market Treasury bill auction no: 1180 On July 2nd, 2025, the central bank was in the market to offer treasury bills to investors.

The offerings included 900m/- for the 35- day maturity Treasury bill, 1.9bn/- for the 91-day T-bill, 2.9bn/- for the 182-day T-bill, and 102.8bn/- for the 364-day T-bill.

In this auction, there was low demand for the 35-day, 91-day and 182-day Treasury bills, as they did not receive any subscriptions.

The 364-day bill was the only one that was subscribed, it was oversubscribed by 116.29 per cent. The Bank of Tanzania accepted 50 per cent of the bids received.

The 364-day bill recorded a decline in its weighted average yield, falling from 8.7167 per cent in the previous auction held in late-May to 8.4152 per cent in this auction.

This is equivalent to a drop by 30.15 basis points, this has been a continuous downward trend for the past two auctions.

The price floor was slightly adjusted to 92/19 from 91/95 in the previous auction and the central bank allotted more than what was offered.

The inflation rate stood at 3.2 per cent in May 2025 Secondary Market Activity Market activity in the secondary bond market significantly increased during the week under review.

Total turnover surged by 50 per cent, rising from 186bn/- the previous week to 279bn/- for the week ending 4th July.

This rise reflects renewed interest in longdated government securities, particularly the 20- and 25-year benchmark bonds, which continued to dominate trading.

The 20-year bonds were the most traded instruments, accounting for the lion’s share of the turnover: The 20-year bond (15.25 per cent) recorded the highest turnover of 130.45bn/- across 21 deals, trading at an average price of 110/63 with a weighted yield of 14.07 per cent.

While, 25-Year bonds also attracted substantial investor interest. The 25-year bond (15.75 per cent) posted a turnover of 42.88bn/- over 13 deals, maintaining a strong weighted yield of 14.54 per cent.

Corporate debt instruments also featured in this week’s trades, albeit with limited volumes: NBC 10 per cent, SAM 12 per cent, and NMB 9.5 per cent collectively traded 82.2m/- over 8 deals.

Market Outlook The domestic equity market witnessed a strong rebound during the week ending 4th July 2025, with domestic market capitalisation rising by 1.86 per cent to 13.03tri/- , reclaiming the 13tri/- mark.

This gain was largely driven by strong price rallies in CRDB and Twiga Cement (TPCC), which rose by 9.38 per cent and 11.34 per cent respectively.

These positive movements effectively offset the price declines in heavyweights TBL (-3.82 per cent) and TCC (-1.98 per cent), both of which exerted downward pressure on the Industrial & Allied Index, which closed the week down by 0.98 per cent.