During Week 40 of 2026, which spanned from September 28th to October 2nd, the Dar es Salaam Stock Exchange (DSE) recorded an equity turnover of TZS 27.87 billion. This represents a slight increase of +1.47% compared to Week 39 of 2026, when the turnover was TZS 27.47 billion. The steady performance was driven by various stocks, with NMG emerging as the top gainer of the week with an increase of +8.62%.
A total of 11,669,579 shares changed hands across 18,546 deals during Week 40 of 2026, marking a decline of -8.68% compared to the 12,778,561 shares traded in Week 39 of 2026. CRDB led all counters by volume, with 5,918,767 shares traded, while CRDB also dominated by turnover, generating TZS 15.80 billion. Other top counters by turnover included NMB, VODA, and others that have consistently retained their positions in recent weeks.
The performance of exchange-traded funds (ETFs) was notable during Week 40 of 2026, with combined turnover generating TZS 799.10 million on a volume of 798,056 units. This represents a significant decline of -89.09% compared to Week 39 of 2026, when ETF trading reached TZS 7.33 billion. Local investors accounted for 83.02% of buying and 78.15% of selling, while foreign investors accounted for 16.98% and 21.85%, respectively.
The net foreign position for Week 40 of 2026 was a net selling position of USD 514,148, extending a four-week streak of foreign net selling on the exchange. The total market capitalization closed Week 40 of 2026 at TZS 40,376.17 billion, reflecting a -1.08% change compared to Week 39 of 2026's TZS 40,815.12 billion. The domestic market capitalization settled at TZS 27,882.97 billion, declining by -1.57% from the previous week.
The performance of various DSE indices was mixed during Week 40 of 2026. Four of the five indices retreated from Week 39 of 2026 levels, with the Banks, Finance & Investment index posting the steepest decline as the biggest mover. The All Share Index (DSEI) slipped -1.08%, while the Tanzania Share Index (TSI) fell -1.57%. The Industrial & Allied (IA) index edged up +0.43%, while the Commercial Services (CS) index declined -1.56%.
In terms of weekly gainers, NMG led with a rise of +8.62%, followed by NICO at +4.43% and TCCL at +3.67%. On the losing side, MBP shed -7.44%, DCB fell -4.76%, and AFRIPRISE declined -4.49% over the same period. Several stocks, including SWIS, TBL, and TPCC, have recorded losses for at least three consecutive weeks, indicating sustained selling pressure.
Bond turnover totaled TZS 82.69 billion across 78 deals during Week 40 of 2026, marking a plunge of -30.27% compared to Week 39 of 2026's TZS 118.59 billion. The yield curve exhibited a flattening bias, with the 5-year yield rising sharply by 268.7 basis points to a yield of 12.7737%. This reflects the steepest week-on-week shift across the curve.
Key points
- Equity turnover on the DSE held steady at TZS 27.87 billion in Week 40 of 2026.
- NMG emerged as the top gainer of the week with an increase of +8.62%.
- Foreign investors recorded a net selling position of USD 514,148, extending a four-week streak of net selling.
