Tanzania Weekly Market Report: 1st to 5th July 2013

According to the Weekly Market Report of the trading week ended on 5th July 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover decreased by -62% to TZS 1,320.94 Million (USD 813,688), from TZS 3,487.84 Million (USD 2.137 Million).

Both local and foreign investors participated in the market. Foreign Investors participated by 19.16% while Local Investors by 80.84%

The Market Commentary shows the DSEI (ASI) and TSI were flat edging Down by -0.01% and -0.02% to 1,582.43 and1,839.78 respectively, compared by 1,582.51 and 1,840.11 of last week.

Most of activities were seen on NMB, CRDB &TBL counters.

Government Securities

Last Treasury Bills auction was done on 3rd July 2013 with 87 successful bids and a total amount of TZS 96,898.16 Million (USD 59.6 Million).

Government Bonds

Two year T-bond worth 0.2 Billion were recorded in secondary market, no T-bond of 7, 5 and 2 years were recorded in secondary market.

Unit Trust of Tanzania

Both Net Asset Value schemes (NAV) and fund size were flat edging up in comparison to last week activities.

Gold

Spot gold was down by -11.99% to TZS 1.996 million (USD 1.996) per ounce (1 ounce = 31.10 grams) on Friday 5th July.

Forex

In comparison to previous week Average, the shilling lost ground against the USD,ZAR and KES , and gained against GBP and EUR Currencies.

Inflation

The annual headline inflation for the month of April decreased to 9.4% from 10.4% as from February 2013.

The full copy of the Market Report is made available by TanzanaInvest.com following a partnership with CORE Securities: http://tanzaniainvest.com/downloads/Tanzania-Weekly-Market-Report-1-5-Jul-2013.pdf