The Dar es Salaam Stock Exchange (DSE) has reported a remarkable financial performance for the second quarter of 2025, recording a total turnover of 151.8bn/-.

This significant figure, achieved by June 30th, far surpasses the 123bn/- recorded in the first quarter of the year and represents a nearly five-fold increase compared to the turnover in the second quarter of last year. 

The surge was primarily fueled by robust blue-chip pre-arranged block trades, attracting participation from both local and foreign investors.

The market report reveals a notable dominance of foreign investors in selling activity, accounting for 80.9bn/-, equivalent to 53.35 percent of the total value of shares sold. 

While foreign investors also purchased shares valued at 26.8bn/-, or 17.67 percent of total shares bought, this activity translated into new net outflows amounting to 54bn/-. 

This outflow is higher than the nearly 47bn/- in net outflow recorded during the first quarter of this year. In contrast, local investors played a substantial role in buying activity; accounting for 82 percent of the total value of shares bought, and contributed 46.65 percent to the total value of shares sold.

Despite the impressive turnover, the total market capitalization at the close of the second quarter saw a slight decrease, settling at 19.63trn/- from 19.66trn/- at the end of the first quarter. 

However, this figure remains significantly higher than the 16.83trn/- recorded in the second quarter of last year, a reflection of slight decreases in both local and cross-listed companies. 

Specifically, domestic market capitalization closed at 12.8trn/-, down from 13.1trn/- in the first quarter of this year, but still an improvement from 11.8trn/- in the second quarter of last year.

The All Share Index (DSEI) demonstrated positive momentum, closing at 2,353.86 points at the end of the second quarter, a notable rise from 2,016.97 points recorded at the closure of the second quarter of last year. 

This upward trend was driven by increasing share prices across both local and cross-listed counters. Similarly, the Tanzania Share Index (TSI) closed at 4,852.34 points, an increase from 4,475.21 points in the second quarter of last year, though it was slightly lower than the 4,969.54 points recorded in the first quarter of this year.

Sector-wise, the Banks, Finance and Investment (BI) index recorded a sharp appreciation over the 12-month period ending in June this year, surging to 7,179.70 points from 5,205.50 points at the end of June 2024. This impressive growth was primarily propelled by strong performances within the banking counters. Conversely, the Commercial Services (CS) index experienced a decline during the reported period, closing the second quarter at 1,422.94 points from 2,134.27 points recorded at the end of the second quarter of last year. 

This downturn was largely attributed to the depreciation of Vodacom's share price, which closed at 490/- at the end of last month, down from 740/- in the second quarter of last year. This resulted in a significant drop in Vodacom's market capitalization from 1.74trn/- to 1.07trn/-, influenced by changes in trading rules.

Other major counters also observed a decrease in their market capitalization. Tanzania Breweries Limited (TBL) closed the last quarter at 3.09trn/-, down from 3.2trn/-, while Tanzania Cigarette Company (TCC) saw its capitalization decline to 1.66trn/- from 1.7trn/-. 

Despite these reductions, both TCC, with a share price of 16,666/-, and TBL, at 10,480/-, continued to hold their positions as having the largest share prices on the exchange. 

They were followed by NMB, whose share price closed at 6,780/-, and Tanzania Portland Cement Company (TPCC), closing at 5,000/-.

In a significant development, NMB emerged as the largest listed company by market capitalization, closing at 3.3trn/-, thereby overtaking TBL. 

CRDB counter also demonstrated strong growth, with its market capitalization closing at 2.08trn/-, securing its position as the fourth largest listed company. 

Furthermore, the market capitalization of prominent cross-listed companies such as Kenya Airways (KA) and East African Breweries Limited (EABL) also showed expanding trends, benefiting from the appreciation of their share prices.

End