The Dar es Salaam Stock Exchange experienced a decline in equity turnover during Week 46 of 2026, which spanned from November 9th to November 13th. The total equity turnover, excluding ETF trades, reached TZS 36.02 billion, representing a 3.76% decrease compared to Week 45 of 2026's TZS 37.43 billion. A total of 17,797,143 shares changed hands across 14,213 deals, marking a sharp decline of 10.21% versus Week 45 of 2026's 19,819,879 shares.
In terms of trading activity, VODA led all counters by volume with 10,484,891 shares traded, while VODA also dominated by turnover, generating TZS 13.57 billion. Other stocks, including CRDB, NMB, VODA, and TBL, have remained consistent features among the top five turnover counters in recent weeks. The trading activity of these stocks indicates their continued influence on the market.
ETF trading across the three listed funds generated combined turnover of TZS 1.25 billion on volume of 6,644,245 units, representing a 47.84% increase versus Week 45 of 2026's TZS 842.20 million. This significant increase in ETF trading activity suggests growing investor interest in these funds. Local investors accounted for 79.82% of buying and 42.52% of selling, while foreign investors accounted for 20.18% and 57.48%, respectively.
The market's performance was reflected in the net foreign selling position, which stood at USD 5,080,583 for the week. This result extends a four-week streak of foreign net selling on the exchange. The total market capitalization closed Week 46 of 2026 at TZS 37,720.66 billion, a 1.10% change versus Week 45 of 2026's TZS 38,139.04 billion. The domestic market capitalization stood at TZS 25,879.80 billion, reflecting a 1.86% decline compared with Week 45 of 2026.
The Dar es Salaam Stock Exchange indices showed mixed results, with three of the five indices closing lower compared to Week 45 of 2026. The Banks, Finance & Investment index registered the sharpest movement at 3.14%. The All Share Index (DSEI) declined 1.10%, the Tanzania Share Index (TSI) fell 1.86%, the Industrial & Allied index edged up 0.14%, the Banks, Finance & Investment index (BI) dropped 3.14%, and the Commercial Services index rose 1.29%.
In terms of individual stock performance, MBP and MUCOBA led all advancers, each climbing 5.26% from Week 45 of 2026, followed by NMG with a gain of 1.75%. On the losing side, TTP suffered the steepest decline at 17.57%, with JATU falling 12.50% and PAL retreating 10.00%. NMG has now posted gains for at least three consecutive weeks, extending its recent upward run.
Bond turnover totaled TZS 158.70 billion across 103 deals, a decline of 2.86% compared to Week 45 of 2026's TZS 163.38 billion. The yield curve steepened, with the 5-year yield falling 125.7 basis points while the 25-year yield edged up 10.7 basis points. The sharpest move came at the short end, where the 5-year tenor closed at a yield of 10.0584%, down 125.7 basis points on the week.
Key points
- Equity turnover declined to TZS 36.02 billion, a 3.76% decrease from Week 45 of 2026.
- The Dar es Salaam Stock Exchange indices showed mixed results, with the Banks, Finance & Investment index registering the sharpest decline at 3.14%.
- MBP and MUCOBA led all advancers, each climbing 5.26% from Week 45 of 2026.
