Tanzania Weekly Market Report: 11 to 15 Feb 2013

According to the Weekly Market Report issued by Core Securities, a leading Tanzanian licensed stockbroker, for the week ended on 15th February 2013, the Dar Es Salaam Stock Exchange (DSE) total turnover registered a 195% increase.

Both local and foreign investors participated in the market. Foreign investors by 29.05%, while local investors by 70.95%.

The Market Commentary shows the DSE All Share Index (ASI) and Tanzania Share Index (TSI) were flat edging UP by +0.65% and +2.83% to TZS 1,499.82 and TZS 1,490.51 respectively, compared to TZS 1,490.14 and TZS 1,499.82 of last week.

SWISSPORT lost -6.2%% while Tanzania Cigarrete Company (TCC) gained +11.11% to reach TZS 5,000 while Cooperative Rural Development Bank (CRDB) gained +3.45% to TZS 3000.

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 13th February 2013 with 87 successful bids and a total amount of TZS 234,055 Million (USD 145 Million).

5- year Government Bonds price is still registered at 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 GBP, ZAR, KES and UGX, while it gained against USD and EUR.

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 with compliments of Core Securities:http://tanzaniainvest.com/downloads/Tanzania-Weekly-Market-Report-11-to-15-Feb-2013.pdf