The Dar es Salaam Stock Exchange (DSE) experienced a significant increase in turnover during the first quarter of 2023. The turnover increased by 10% from 18.5 billion in the last quarter of 2022 to 20.4 billion in the quarter that ended on March 31, 2023. During this quarter, a few counters dominated the equity market turnover. CRDB, NMB, TPCC, TCCL, and NICO were the most traded counters, accounting for 97.3% of the total equity market turnover. This indicates that these companies are in high demand among investors. The local investors continued to increase their investments in stocks, bonds and other securities during the first quarter of 2023, this was evidenced by the fact that they accounted for 83% of total investments and 68% of total divestments in the Dar es Salaam Stock Exchange.
