Tanzania Weekly Market Report: 11 to 15 Mar 2013

According to the Weekly Market Report of the week ended on 15th March 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover  decreased by -88% to TZS 297.56 Million (USD 183,511) from TZS 2,524.55 Million (USD 1,556,940) the week earlier.

Both local and foreign investors participated in the market. Foreign Investors participated by 74.36% while Local Investors by 25.64%

The Market Commentary shows the DSEI (ASI) and TSI were flat edging UP by +0.29% and +1.20% to 1,516.52 and 1,561.06 respectively, compared by 1,512.14and 1,542.56 of last week.

CRDB gained by (+3.23% to 160), TCC gained by (+5.34% to 5,520), Most of activities were seen on NMB, CRDB and TBL counters.

Regarding the Government activity, last Treasury Bills auction was done on 13th March 2013, with 118 successful bids and a total amount of TZS 135,000 Million (USD $ 83.2 Million).

During the week a bond of maturity in 10 years exchanged in a secondary market
totaling TZS 12 Million (USD $ 74,051), no trade recorded for 2, 5 and 7 years bonds.

Spot gold price was down to -0.56% to 2.556 million per ounce (1 ounce = 31.10 grams) on

Friday 15th March.

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

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 (IMF Report).

The full copy of the Market Report is made available by TanzanaInvest.com following a partnership with CORE Securities: http://tanzaniainvest.com/downloads/DSE-Weekly-Market-Report-11-15-Mar-2013.pdf