DSE turnover jumps 147pc as foreign selling drags market down 2.5pc

Dar es Salaam. Trading at the Dar es Salaam Stock Exchange (DSE) surged in the week ending October 30, 2026, but the rush came with heavy foreign selling that pushed the market lower for a fourth straight week.

Equity turnover rose 147.30 percent to Sh41.66 billion, from Sh16.85 billion the previous week.

Volume doubled to 18.52 million shares across 18,746 deals.

NMB led both volume, at 11.71 million shares, and turnover, at Sh21.30 billion, or about half of the week’s total.

Falling prices

The All Share Index (DSEI) lost 2.53 percent to 4,424.33 points, and the Tanzania Share Index (TSI) dropped 2.75 percent to 9,836.17.

Total market capitalisation closed at Sh38,567.91 billion, down from Sh39,569.88 billion a week earlier.

The DSEI has now declined four weeks in a row.

Banks drive the decline

The Banks, Finance & Investment index fell 4.49 percent to 21,428.71, also its fourth straight weekly loss.

NMB dropped 6.67 percent to Sh1,820, Maendeleo Bank (MBP) fell 8.96 percent to Sh1,930, and CRDB slipped 2.07 percent to Sh2,840.

Industrial & Allied rose 0.81 percent to 5,329.55, its third straight gain, and Commercial Services edged up 0.19 percent.

Foreign investors accounted for 68.56 percent of selling against 6.96 percent of buying, a net outflow of about $9.72 million.

That extends a four-week run of net foreign selling. Local investors took 93.04 percent of purchases.

NMG was the top gainer, up 30.23 percent to Sh280.

PAL rose 5.45 percent to Sh290, TTP gained 4.00 percent to Sh390, and Swissport (SWIS) added 3.81 percent to Sh2,450.

The biggest losers were Urafiki Textile (USL), down 16.67 percent to Sh25, followed by MBP and NMB.

Tanga Cement (TCCL) and TCC extended gains to at least three consecutive weeks.

EABL, KCB, MCB, NICO, NMB and TOL have each lost ground for at least three consecutive weeks.

ETF turnover climbed 339.28 percent to Sh2.28 billion.

ZAN TIMIZA ETF rose 14.29 percent to TZS 120, VERTEX-ETF gained 1.61 percent, and IEACLC-ETF slipped 2.80 percent.

The bond market was quieter. Turnover fell 23.74 percent to Sh118.29 billion across 178 deals.

The 15-year yield jumped 218.2 basis points to 12.3158 percent, but on only Sh0.43 billion of face value traded.

The 25-year yield eased 4.8 basis points to 10.7451 percent.

Separately, three pan-African ETFs opened for subscription on October 26 with a combined Sh30 billion target.

If they list on January 14, 2027, as scheduled, the DSE’s ETF count would double from three to six.