DAR ES SALAAM: THE Dar es Salaam Stock Exchange (DSE) closed the week with market activity showing an increase in activity compared to the previous trading week.
Total turnover for the week increased to 15.754bn/- from 3.67bn/-, representing a 328.88 per cent increase. CRDB emerged as the dominant player, contributing 31.22 per cent of the total market turnover.
Close behind was TPCC, which accounted for 29.17 per cent, NMB contributed 29.01 per cent of the total turnover, reinforcing their positions as notable movers in the week’s trading session.
On the price movement front, TOL stood out as the week’s top gainer. Its share price appreciated by 32.5 per cent, closing at 1,060/- per share. NICO followed, recording an 18.42 per cent increase, closing the week at 1,800/- per share.
On the loser’s side AFRIPRISE recorded a decline, with its share price falling by 5.21 per cent to 455/-. It was followed by DSE, which shed 2.71 per cent to close at 6,820/- per share and TPCC which shed 0.33 per cent to close at 6,030/- per share.
In terms of market valuation, the exchange registered an increase in both total and domestic market capitalisation. Total market capitalisation is up by 1.75 per cent, to 23.20tri/-.
Similarly, domestic market capitalisation is up by 2.14 per cent, closing the week at 14.78tri/-. On Wednesday December 17, 2025, the Central Bank was in the market offering 189bn/- to investors for the 20-Year Treasury bond offering a 13 per cent coupon rate annually.
This auction was catered for investors with more preference for long-term papers. The auction was oversubscribed, receiving 380.36 per cent subscription rate, the auction received bids totaling 718.88bn/- and accepted bids worth 185.676bn/-.
This auction marks the second issuance of the 20-year Treasury bond in the 2025/26 fiscal year, following the release of the updated auction calendar for the first half of the year.
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The Bank of Tanzania offered 189bn/-. Investor demand was exceptionally strong, with total bids reaching 718.88bn/-. Despite this robust demand, the Bank allotted slightly less than the amount offered.
The minimum successful price increased to 107.1245 from 103.0356 in the previous auction. At the same time, the weighted average yield declined sharply by 153.17 basis points, falling from 13.5510 per cent to 12.0193 per cent.
Notably, the auction recorded a high subscription rate despite a reduction in the coupon rate from 14.5 per cent to 13 per cent, underscoring continued strong investor appetite for longer-term maturities.
Equity market activity strengthened during the week, driven by selective buying in banking and industrial counters, resulting in improved investor participation and higher turnover.
Bond market activity also picked up, supported by strong demand in both primary and secondary markets.
Looking ahead, we expect steady performance across equities and fixed income, with investors remaining selective in stocks while actively seeking yield opportunities in the debt market.