Dar es Salaam Stock Exchange (DSE) continues its strong trend for the third consecutive week, with a notable increase in total turnover. Last week's turnover reached 4.9 billion Tanzanian shillings (TZS), marking a significant rise of 23.63% compared to the previous week. According to Raphael Masumbuko, the Chief Executive Officer of Zan Securities, the overall market sentiment has been bullish, leading to growth in both the total market capitalization and the domestic capitalization. Masumbuko expressed cautious optimism for the coming weeks, stating that while challenges and risks persist, the overall economic environment remains favorable, supported by solid corporate earnings. The total market capitalization increased by 0.12% to reach 15.169 trillion TZS, while the domestic market capitalization rose by 0.01% to 10.935 trillion TZS by the end of last week. Ahmed Nganya, the Manager of Vertex International Advisory and Capital Markets, attributed the bullish run in the equity market to increased activity by foreign buyers. Nganya stated that the market performance was fueled by industrial counters, particularly Tanzania Breweries Limited (TBL), and forecasted further increases in turnover, volume, and prices as foreign buyers' activity is expected to continue. Among the top trading counters last week were TBL, Twiga Cement, and CRDB Bank, dominating the market with 96.61%, 1.49%, and 0.76% of the total market turnover, respectively. A significant contribution to the overall turnover was made through a pre-arranged deal involving 790,000 TBL shares, executed at an average price of 6,000 TZS per share (10,900 TZS counter price). During the week, two counters experienced price gains. DSE led the gainers with a 5.56% increase, closing at 1,900 TZS per share, while Twiga Cement gained 0.49% to reach 4,120 TZS. On the other hand, Swissport saw a decline of 8.54%, closing at 1,500 TZS. This decline occurred primarily after its Annual General Meeting (AGM) last Thursday, despite the approval of a dividend of 42 TZS per share. Looking at the year-to-date performance, the DSE's market capitalization experienced a decline of 3.3%, driven primarily by the devaluation of cross-listed stocks. However, the domestic market capitalization has shown consistent growth, recording a 6.4% increase since the beginning of the year.