Tanzania Weekly Market Report: 12th to 16th August 2013

According to the Weekly Market Report of the trading week ended on 14th August 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange total turnover increased by 635% to 3,562.64 million, from 484.75 million the previous week.

Both local and foreign investors participated in the market. Foreign Investors participated by 34.78% while Local Investors by 65.22%.

All Share Index (ASI) closed at 1611.48, the Tanzania Share Index (TSI) closed at 1962.61, the Industrial and Allied Index (IA) closed at 2075.33 and the Bank Finance and Investment Index (BI) closed at 2070.78 points.

On Friday 16th August the Dar es Salaam All Share Index (ASI) closed at 1606.96 The Tanzania Share Index TSI Closed at 1943.53, the Industrial and Allied Index (IA) closed at
2088.17 and the Bank Finance and Investment Index (BI) closed at 1999.67 points.

Most of activities were seen on DCB & CRDB counters.

Government Securities

Last Treasury Bills auction was done on 14th August 2013 with a total of 87 successful bids.

Government Bonds

A Five year T-bond worth 6.32 billion was recorded in secondary market, no T-bond for 10, 7 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 up by 6.07% to TZS 2.226 million per ounce (1 ounce = 31.10 grams) on Friday 16th August.

Inflation

The annual headline inflation for the month of June 2013 decreased to 7.6% from 8.3% as of May 2013. However inflation will decrease to a single digit in three month to come (IMF report).

The full copy of the Market Report is made available by TanzanaInvest.com: 

http://tanzaniainvest.com/downloads/Tanzania-Weekly-Market-Report-12-16-Aug-2013.pdf