Shares edge higher as local investors anchor early-year trading
DAR ES SALAAM: TANZANIAN equities began the new year on a cautiously positive note, with the Dar es Salaam Stock Exchange (DSE) posting modest gains on Friday 2nd of January, supported largely by domestic investor activity and sustained demand for government bonds.
The DSE All Share Index (DSEI) rose to 2,785.54 points from 2,761.93 in the previous session, reflecting modest price gains in a handful of actively traded counters. Trading activity remained highly concentrated, with banking and financial counters once again absorbing the bulk of investor flows.
CRDB Bank Plc dominated turnover by volume, reinforcing its status as the market’s most liquid stock and the primary conduit for domestic equity demand. Other actively traded stocks included NICO Holdings and Swissport Tanzania, though volumes outside the banking sector remained modest, underlining the narrow breadth of the market rally.
Total turnover stood at 1.49bn/- , with 1.0 million shares exchanged in 2,872 deals, signalling moderate participation compared with recent sessions. Equity trading remained selective, with liquidity concentrated in a small number of large-cap stocks.
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The banking and financial services sector once again anchored the market, highlighting persistent investor preference for liquid bluechip stocks, while most smaller counters remained inactive, a pattern that continues to define daily trading on the exchange.
Local investors dominated the session, accounting for nearly 99 per cent of total purchases, while foreign investor participation remained limited.
The subdued offshore activity points to cautious foreign sentiment, despite stable domestic demand. The bond market remained the main destination for capital, with government securities worth 8.37bn/- traded during the week across a limited number of deals.
The strong showing in longer-dated bonds suggests sustained investor appetite for predictable returns amid cautious equity sentiment. Corporate bonds recorded no trades, reflecting ongoing liquidity constraints in that segment.
