DSE indices start week in mixed trends

By Guardian Reporter , The Guardian
Published at 11:39 AM Jul 16 2025
A total turnover of 5.57bn/- was recorded during the opening day of the week, following the transactions of 3.14 million shares traded in 2,010 deals.
Photo: File
A total turnover of 5.57bn/- was recorded during the opening day of the week, following the transactions of 3.14 million shares traded in 2,010 deals.

The Dar es Salaam Stock Exchange (DSE) market indices started the week in mixed trends, with Banking, Finance and Investments Index (BI) closed in green while Tanzania Share Index (TSI), DSEI and IA slipped down.

The DSE market report shows TSI closed at 5,105.36 points, down by 22.8 points when compared with the closing of last week, while the DSEI closed 7.64 points down at 2,428.69 points and Industrial and Allied Index (IA) dropped by 25.58 points at 5,075.47 points.

Banking, Finance & Investments Index (BI) closed at 8,062.56 points, a slight increase of 2.88 points, when compared with the closing session of last week, driven by an increase of share prices among local and cross listed counters.

Counters which fueled the slight appreciation of BI include Afriprise, Mkombozi Commercial Bank (MKCB) and Mwalimu Commercial Bank (MCB). Five counters including EABL, NICO, NMG, TBL and VODA saw their share prices declining.

A total turnover of 5.57bn/- was recorded during the opening day of the week, following the transactions of 3.14 million shares traded in 2,010 deals.

Foreign investors bought shares valued 400m/-, which was equivalent to 7.19 percent of total value of shares bought and they sold shares valued 1.44bn/- which was equivalent to 25.98 percent of total value of shares sold.

Since the start of the current quarter, the market report shows foreign investors are dominating the selling activity as they have so far sold shares valued 32.86bn/- which is equivalent to 69.77 percent of total value of shares sold, while buying shares valued 18.9bn/- or 40.30 percent of total value of buying activity.

Top mover was CRDB counter, which recorded the transactions of 2.2 million shares valued 2.2bn/-, of which 1 million shares were traded through block trade pre-arranges market board at weighted average price of 1,000/- per share in 1,708 deals.

Other top mover was Tanzania Portland Cement Company (TPCC) counter, which transacted 355,377 shares, of which 354,594 shares being traded on block trade, at a weighted price of 6,100/- per share in five deals.

Kenya Commercial Bank (KCB), the cross listed counter was the third top mover, after recording the transaction of 341,900 shares, traded through normal trade market board, in four deals.

Other active counters were NMB, which transacted 93,116 shares valued 661.1m/- traded at a price ranging from 7,110/- to 7,210/- per share in five deals, with a block trade of 93,000 shares and DCB counter, which recorded the transactions of 45,654 shares traded at a price of 135/- per share in 97 deals.

The report shows, other active counters during the day were TBL, which transacted 35,870 shares valued 258m/-, VODA, which transacted 36,510 shares valued 18.5m/- in 81 deals and Afriprise, which recorded the transactions of 17,893 shares valued 6.2m/- traded in 42 deals.

Analysts say the DSE’s market outlook for Q3 2025 appears to be influenced by a mix of positive macroeconomic trends and recent market adjustments.

Effective June 2, 2025, the DSE implemented significant amendments to its trading rules to enhance market liquidity, transparency, and investor protection.

Given the positive economic forecasts, analyst says, ongoing government commitment to economic growth and private sector development, and recent DSE rule amendments designed to improve market efficiency, the Dar es Salaam Stock Exchange is likely to experience a generally positive outlook in Q3 2025.