The Dar es Salaam Stock Exchange experienced a significant decline in equity turnover during Week 45 of 2026, which spanned from November 2nd to November 6th. The turnover fell by 10.16% to TZS 37.43 billion compared to TZS 41.66 billion in Week 44 of 2026. This decline was accompanied by an increase in trading activity, with a total of 19,819,879 shares changing hands across 14,840 deals, representing a 7.00% increase in volume compared to Week 44.
The top performers on the exchange during Week 45 were led by NICO, which advanced by 8.82%, followed by KA, which gained 4.55%, and DSE, which rose 4.23%. On the losing side, AFRIPRISE declined by 6.67%, TBL fell by 5.46%, and TTP slipped by 5.13%. Several stocks, including KCB, MCB, MKCB, NMB, and TOL, have recorded losses for at least three consecutive weeks, indicating sustained selling pressure across those counters.
In terms of trading volume, VODA led all counters with 8,282,390 shares traded, while NMB dominated by turnover, generating TZS 12.88 billion. CRDB, NMB, and VODA have been consistent fixtures among the top five turnover counters in recent weeks. The exchange's market capitalization closed Week 45 at TZS 38,139.04 billion, a 1.11% decline from Week 44's TZS 38,567.91 billion.
ETF trading on the exchange generated combined turnover of TZS 842.20 million on volume of 3,106,695 units, representing a 63.08% decline compared to Week 44's TZS 2.28 billion. Local investors accounted for 99.15% of buying and 49.72% of selling, while foreign investors accounted for 0.85% of buying and 50.28% of selling, resulting in a net foreign selling position of USD 7,005,052 for the week.
The Dar es Salaam Stock Exchange's indices largely retreated during Week 45, with four out of five indices declining. The Industrial & Allied sector posted the sharpest decline at 3.14%, while the All Share Index (DSEI) shed 1.11%, the Tanzania Share Index (TSI) fell 1.39%, and the Banks, Finance & Investment (BI) index dropped 1.13%. The Commercial Services (CS) index bucked the trend with a gain of 0.87%.
Bond trading on the exchange saw a significant surge in turnover, totaling TZS 163.38 billion across 223 deals, representing a 38.12% increase compared to Week 44's TZS 118.29 billion. The yield curve flattened during the week, with the 5-year tenor rising 54.1 basis points and the 25-year tenor easing 31.0 basis points. The most pronounced move came at the 15-year tenor, where yields fell 148.4 basis points to settle at 10.8313%.
The decline in equity turnover and market capitalization during Week 45 of 2026 may be attributed to sustained selling pressure across certain counters, as well as a decline in ETF trading. However, the surge in bond trading and the performance of top gainers such as NICO and KA indicate a mixed market trend. Investors will likely be monitoring the exchange's performance in the coming weeks to gauge market sentiment and potential opportunities.
Key points
- Equity turnover on the Dar es Salaam Stock Exchange fell 10.16% to TZS 37.43 billion in Week 45 of 2026.
- NICO emerged as the top gainer during Week 45, advancing by 8.82%.
- Bond turnover surged 38.12% to TZS 163.38 billion across 223 deals during Week 45 of 2026.
