Dar es Salaam. The Dar es Salaam Stock Exchange (DSE) recorded impressive growth in the performance of its Mobile Trading Platform (MTP) during the fourth quarter of 2024, with CRDB Bank emerging as the dominant player, contributing over 82 percent of the platform’s turnover.
A brief 2024 performance report released by DSE today, January 20 indicates that the MTP turnover for Q4 2024 surged to Sh5.18 billion, an 8.55 percent increase from Sh4.77 billion in Q3.
Meanwhile, the volume of shares traded rose slightly to 7.74 million from 7.65 million in the previous quarter.
“This robust performance highlights the increasing adoption of the mobile platform by investors,” reads part of the report.
Monthly trends showed steady progress, with October marking a consistent rise in turnovers, a slight slowdown in November, and a sharp rebound in December.
The December performance outpaced both the previous months and the same period in 2023, underscoring the effectiveness of ongoing technological advancements and investor engagement strategies.
MTP investor registration growth
Investor registrations on the platform saw an exponential increase in 2024, with new sign-ups rising by 397 percent to 22,774, compared to 4,578 in 2023.
This brought the cumulative number of registrations to 37,910 by the end of the year.
The surge in registrations is attributed to improved platform features, aggressive marketing campaigns and strong market performance, which collectively bolstered investor confidence and attracted new participants to digital trading.
Contribution by MTP in equity turnover
The MTP’s contribution to equity turnover demonstrated remarkable growth, with turnover reaching Sh14.56 billion in 2024, a six-fold increase from Sh2.03 billion in 2023.
Its share of the total market turnover also rose sharply, from 4.84 percent in 2023 to 24.33 percent in 2024, reflecting a growing investor preference for digital trading channels.
Top counters via MTP
CRDB Bank led the platform’s trading activity with a turnover of Sh5.28 billion, accounting for 82.21 percent of the total MTP turnover.
This dominance underscores strong investor confidence and sustained trading activity in the bank’s stock.
Other contributors included NMB Bank and NICO, with respective contributions of 5.01 percent and 4.39 percent to the MTP turnover.
And yet other contributors included TPCC (2 percent), Afriprise (2 percent).
