Investor activity rises across DSE

THE Dar es Salaam Stock Exchange (DSE) closed the week with market activity showing an increase in activity compared to the previous trading week.

Total turnover for the week increased to 5.604bn/- from 5.104bn/-, representing a 9.79 per cent increase. CRDB emerged as the dominant player, contributing 44.95 per cent of the total market turnover. Close behind was DSE, which accounted for 20.15 per cent, AFRIPRISE contributed 12.75 per cent of the total turnover, reinforcing their positions as notable movers in the week’s trading session.

On the price movement front, MCB stood out as the week’s top gainer. Its share price appreciated by 17.57 per cent, closing at 435/- per share. TTP followed, recording an 11.11 per cent increase, closing the week at 500/- per share. On the loser’s side MKCB recorded a decline, with its share price falling by 11.83 per cent to 2,460/- .

It was followed by PAL, which shed 9.09 per cent to close at 300/- per share and TCC which shed 7.51 per cent to close at 9,970/- per share. In terms of market valuation, the exchange registered an increase in both total and domestic market capitalisation. Total market capitalisation is up by 1.56 per cent, to 21.819tri/-. Similarly, domestic market capitalisation is up by 0.06 per cent, closing the week at 13.582tri/-.

Key benchmark indices

All Share Index (DSEI) closed at 2,545.41 points up by 1.06 per cent. Tanzania Share Index (TSI) closed at 5,130.88 points up by 0.06 per cent.

Sector Indices

Industrial & Allied Index (IA) closed at 4,057.28 points up by 0.8 per cent. Bank, Finance & Investment Index closed at 9,378.04 points, down by 0.25 per cent. Commercial Services Index closed at 1,663.08 points, down by 0.66 per cent.

Market news round

Vodacom Tanzania shares rally on DSE market Vodacom shares have continued to strengthen on the Dar es Salaam Stock Exchange (DSE), sustaining an upward trajectory since the start of November.

The sustained rise in Vodacom’s share price signals growing investor confidence in the company and the tele-communications sector at large. It reflects positive market sentiment, potential for strong earnings and can attract further investment, boost liquidity and reinforcing the overall performance of the DSE.

The telecom’s average share price in the market remained above 570/- per share throughout the month, reinforcing expectations of strong dividends and growing investor confidence.

Notably, the average price reached 600/- per share between the end of last month and on third and fourth day of this month, reflecting heightened market optimism. The sustained rally follows Vodacom Group’s recently released financial statement, which reported a 25.8 per cent increase in net profit for the second quarter ending September, driven by robust revenue growth.

BoT reassures stability of financial system after polls

The Bank of Tanzania (BoT) has assured the public and investors that the shilling and the overall financial system remain stable and resilient, despite temporary disruptions linked to the election-related unrest that saw brief internet interruptions and isolated cases of vandalised ATMs.

BoT Governor Emmanuel Tutuba said the local currency maintained its stability throughout the election period, reflecting the strength of Tanzania’s monetary and financial framework. He emphasised that daily banking operations, interbank settlements and digital transactions continued smoothly during the polls and in the days that followed.

“The shilling remains stable,” he affirmed.

Highlights: Debt Market 12.75 per cent -15-year

Treasury bond no: 688 On Wednesday 12th November 2025, the Central Bank was in the market offering 140.670bn/- to investors for the auction of the 15-Year Treasury bond offering a 12.75 per cent coupon rate annually. The auction was oversubscribed receiving 552.92 per cent subscription, the auction received bids totalling 777.790bn/- and accepted bids worth 171.700bn/-.

In this auction, the 15-year Treasury bond experienced a decrease in its coupon rate, in line with the general decline across all Treasury bond rates.

Despite this adjustment, the auction recorded strong investor demand, achieving an oversubscription rate of 552.92 per cent the highest since July 2024.

This robust demand, despite the coupon reduction from 14.5 to 12.75 per cent, highlights investors’ continued confidence in government securities as a safe and stable investment option.

The minimum successful price declined notably compared to the August auction, falling from 110/3165 to 104/5962. Meanwhile, the weighted average yield decreased by 182.76 basis points, from 13.907 per cent in August to 12.0794 per cent in this auction. This represents the lowest yield since May 2024, when it stood at 15.1615 per cent, underscoring the sustained downward trend in yields throughout the year. Inflation for October 2025 stood at 3.5 per cent, slightly higher than the previous month’s rate, reflecting mild upward price pressures in the economy.

Secondary Market Activity

The secondary bond market posted a turnover of 70.6308bn/- up from 44.7174bn/- in the previous week—a increase of 57.95 per cent. Activity was primarily concentrated in the long-term bonds and short-term bonds; 25-years, 20-years and 5-years bonds.

Market Outlook

Equity activity has improved this week with significant selective liquidity from several banking sector and industrial counters, with investor participation improving and market sentiment returning back to normal, while the bond market activity has increased significantly during the week.

Looking ahead, we expect a period of mild improvement in both the equity and debt market, as investors still maintain a selective sentiment towards certain counters in the stock market, and investors seeking better yield options in the secondary debt market.