Dar es Salaam — Equities on the Dar es Salaam Stock Exchange (DSE) closed higher on Friday, buoyed by strong activity in heavyweight banking stocks and Vodacom Tanzania, with CRDB Bank dominating market turnover amid broad-based gains across select counters.
CRDB Bank led trading by a wide margin, with nearly 3.8 million shares exchanging hands for a turnover of about Sh7.97 billion, accounting for more than three-quarters of total market value traded. The lender’s performance underscored sustained investor appetite for highly liquid banking stocks.
Vodacom Tanzania followed, posting a turnover of approximately Sh2.23 billion from 183,293 shares. NMB Bank and Tanzania Breweries Limited (TBL) also ranked among the most actively traded counters, reinforcing the dominance of blue-chip stocks in driving market liquidity.
Overall market turnover stood at about Sh9.85 billion, with 5.56 million shares traded across 6,551 deals, signalling robust investor participation compared with recent sessions.
Indices Edge Higher
Benchmark indices closed in positive territory, supported mainly by gains in the banking and telecom sectors. The All-Share Index (ASI) rose to 3,267.38, while the Tanzania Share Index (TSI) advanced to 7,209.95. Market capitalisation increased to approximately Sh28.39 trillion.
Gainers and Losers
On the price front, Afriprise emerged as the top gainer, climbing about 14 per cent to close at Sh815. MCB Bankfollowed with a gain of over 13 per cent, while TOL, MBP, and PAL posted solid single-digit increases—pointing to selective bargain-hunting beyond large-cap stocks.
Among blue-chip counters, NMB Bank and Vodacom Tanzania closed higher, extending modest gains and providing stability to the broader market.
On the downside, DCB Commercial Bank led the decliners, shedding nearly 10 per cent to close at Sh425. Swissport Tanzania, Tanzania Portland Cement Company (TPCC) and Tanzania Breweries also ended the session lower, although losses remained largely contained.
Foreign Participation Remains Low
Foreign investor participation stayed muted, with overseas buyers accounting for a small portion of total purchases, while foreign selling represented a larger share of turnover. This dynamic left domestic investors firmly in control of market direction.
Market Outlook
Overall, Friday’s session reflected a liquidity-driven market, anchored by banking and telecom stocks, with selective risk-taking in smaller counters as investors position themselves ahead of upcoming corporate announcements and macroeconomic signals.
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