DAR ES SALAAM, Oct. 6 -- THE recent trading pattern at the Dar es Salaam Stock Exchange (DSE) raises an important question: Are investors shifting attention from equities to bonds? The figures point to a change in relative market activity, but require careful interpretation.

A quieter equity market does not necessarily mean falling confidence, just as higher bond turnover does not prove investors are abandoning shares. Consider the contrast. In the week ended September 18, 2026, equity turnover was reported at about 53.05bn/-.

In the following week, it fell to 27.47bn/- a decline of roughly 48 per cent. Over the same period, bond turnover rose from about 104.05bn/- to 118.59bn/-.

By October 2, the DSE daily report recorded 41.95bn/- wo...