Core Securities Weekly Report: 4 to 9 Feb 2013

According to the Weekly Market Report of the week ended on 9th February 2013 issued by Core Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover registered a 114% increase.

Both local and foreign investors participated in the market. Foreign investors by 38%, while local investors by 62%.

The Market Commentary shows the DSE All Share Index (ASI) and Tanzania Share Index (TSI) were flat edging UP by +0.10% and +0.44% to TZS 1,490.14 and TZS 1,449.51 respectively, compared to TZS 1,488.62 and TZS 1,443.12 of last week.

SWISSPORT gained +11.49% to reach TZS 1,940 and Tanzania Cigarrete Company (TCC) gained +4.17% to reach TZS 4,500, while Cooperative Rural Development Bank (CRDB) lost by -4.55% to TZS 155.

Most of the activities were seen on Tanzania Portland Cement Company (TPCC), National Microfinance Bank (NMB), CRDB and Tanzania Breweries Limited (TBL) counters.

Regarding the Government activity, last Treasury Bills auction was done on 30th January 2013 with 73 successful bids and a total amount of TZS 113,220 Million (USD 70 Million).

5- year Government Bonds price registered an increase compared to the prior week: from TZS 83.904 Billion (USD 52 Million) to TZS 85.738 Billion (USD 53.3 Million). 10-year Bonds’ price is TZS 83.169 (USD 51.4 Million).

Moving on to the Exchange Rate section, in comparison to the previous week, the Tanzanian shilling lost ground against USD, ZAR and KES, while it gained against GBP, EUR and UGX.

The Annual Headline Inflation for the month of December 2012 remained the same as last November : 12.1%, while decreasing from 12.9% of October 2012. Inflation in Tanzania is estimated to decrease to a single digit in the next three months.

The full copy of the Market Report is made available by TanzanaInvest.com following a new partnership with Core Securities: http://tanzaniainvest.com/downloads/DSE-Weekly-Market-Report-9-2.pdf