The Dar es Salaam Stock Exchange experienced a significant decline in equity turnover during Week 41 of 2026, which spanned from October 5th to October 9th. According to reports, the equity turnover plummeted by 35.36% compared to Week 40 of 2026, settling at TZS 18.02 billion. This substantial drop is a notable indicator of the market's performance during this period. The decline in turnover was accompanied by a decrease in trading activity, with a total of 7,095,006 shares changing hands across 17,486 deals.
The decline in trading activity was evident across various counters, with NMB leading all counters by volume with 2,737,244 shares traded. CRDB dominated by turnover, generating TZS 6.47 billion. Other notable counters, including VODA and TCCL, have consistently featured among the top five counters by turnover in recent weeks. The overall market performance was affected by the decreased trading activity, with the total market capitalization closing Week 41 of 2026 at TZS 40,077.28 billion, representing a 0.74% change compared to Week 40 of 2026.
ETF trading on the exchange saw a significant increase, with combined turnover of TZS 1.05 billion on volume of 874,220 units, marking a 31.19% increase compared to Week 40 of 2026. Local investors accounted for 88.83% of buying and 71.45% of selling, while foreign investors accounted for 11.17% and 28.55%, respectively. This resulted in a net foreign selling position of USD 1,189,773 for the week, extending a four-week streak of foreign net selling on the exchange.
The performance of individual stocks during Week 41 of 2026 was mixed, with TOL emerging as the top gainer with a gain of 6.36%. Other notable gainers included MCB and MBP, with increases of 4.05% and 4.02%, respectively. On the losing side, MUCOBA suffered the steepest decline at 14.44%, followed by PAL and AFRIPRISE, which retreated by 4.92% and 4.70%, respectively.
The DSE indices also reflected the market's mixed performance, with four of the five indices retreating from Week 40 of 2026. The Banks, Finance & Investment index posted the steepest decline, while the Commercial Services index bucked the trend with a gain of 0.68%. The All Share Index (DSEI) fell by 0.74%, the Tanzania Share Index (TSI) dropped by 1.11%, and the Industrial & Allied (IA) index slipped by 0.80%.
Bond trading on the exchange also saw a decline, with bond turnover totaling TZS 77.35 billion across 84 deals, representing a 6.46% decline compared to Week 40 of 2026. The yield curve steepened, with the 5-year yield falling sharply by 251.9 basis points, while the 25-year yield edged higher by 0.5 basis points. The most pronounced move came at the 20-year tenor, where the yield rose by 102.5 basis points to settle at 10.6826%.
The Dar es Salaam Stock Exchange's performance during Week 41 of 2026 reflects a challenging market environment, with significant declines in equity turnover and trading activity. However, some stocks and indices managed to buck the trend, showcasing resilience and potential for growth. As the market continues to evolve, investors will be closely monitoring the performance of key counters and indices to make informed decisions.
Key points
- Equity turnover on the Dar es Salaam Stock Exchange plunged 35.36% to TZS 18.02 billion during Week 41 of 2026.
- TOL emerged as the top gainer with a 6.36% increase, while MUCOBA suffered the steepest decline at 14.44%.
- The total market capitalization closed Week 41 of 2026 at TZS 40,077.28 billion, representing a 0.74% change compared to Week 40 of 2026.
