DAR ES SALAAM: THE pulse of the Dar es Salaam Stock Exchange (DSE) over the weekend, came largely from home. Local investors dominated the trading floor, driving most of the buying and selling activity as the market recorded steady movement across shares and bonds.
The session showed the growing influence of Tanzanian investors in shaping daily market activity. While foreign participation remained part of the trading picture, domestic investors accounted for the bigger share of transactions, reinforcing their expanding role in the country’s capital market.
According to information mate available to this journalist from the bourse, the strong local presence was reflected in the day’s trading numbers, with equity transactions reaching Sh6.79bn. Activity was also visible in the fixed income segment, where bond turnover stood at Sh56.4bn, showing continued interest beyond share trading.
The increased activity came as the DSE All Share Index (DSEI) closed at 3,940.49 points after a marginal decline of 0.24 per cent. The Tanzania Share Index (TSI) ended the day at 8,648.52 points, while the Industrial and Allied (IA) index closed at 5,063.71 points. The Commercial Services (CS) index settled at 2,114.58 points.
The market’s overall value remained strong, with total capitalisation reaching Sh34.23trn. Domestic market capitalisation stood at Sh23.39trn, reflecting the weight of locally listed companies and domestic investment participation.
Among the counters attracting investor attention was Tanzania Cigarette Company Limited (TCCL), which led the day’s gains after rising 4.61 per cent to close at 3,180/- per share.
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TOL Gas Limited followed with a 4.1 per cent increase to 1,270/-, while SWIS advanced 1.86 per cent to 2,740/-. PAL also recorded positive movement, gaining 1.3 per cent to finish at 390/-.
However, not all counters moved in the same direction. Mwalimu Commercial Bank PLC (MBP) recorded the largest decline, falling 4.04 per cent to 1,900/-. NMG dropped 3.57 per cent to 270/-, DCB Commercial Bank declined 2.04 per cent to 480/-, while MKCB eased 1.96 per cent to 4,010/-.
The day’s trading activity comes as the DSE continues to widen participation in Tanzania’s investment space, creating more opportunities for individuals and institutions to take part in ownership of listed companies and financial instruments.
Established in 1996 and beginning operations in 1998, the DSE has grown into a key part of country’s financial system by providing a platform for companies to raise long term capital and enabling investors to access different investment opportunities.
The exchange operates under the supervision of the Capital Markets and Securities Authority (CMSA), with the Treasury Registrar holding a 15 per cent government stake.
As trading activity continues to expand, the participation of local investors remains one of the defining features of Tanzania’s evolving capital market.