Tanzania Weekly Market Report 13 – 17 Jan, 2014

According to the Weekly Market Report of the trading week ending on 17th January, 2014 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange turnover in the market decreased by -65 % to 2,055.98 million from 5,981.95 million.

Both local and foreign investors participated in the market. Foreign Investors participated by 20.86% while Local Investors by 79.14%.

On Friday 17 January 2014 the DSEI (ASI) closed at 1,903.34 (-0.70%), TSI Closed at 2,844.71 (+1.15%), IA closed at 3,457.66 (+1.26%) and BI closed at 2,551.73 (+1.06%) points.

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

Government Securities

Last Treasury Bills auction was done on 15 January 2014 with a total of 33 successful bids for a value of 119,083.00 million.

Government Bonds

A seven year T-bond worth 2.25 and a ten year T-bond worth 5.1 billion 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

On Friday 17 January 2014 Closing Spot gold Price was up by +6.76% to 2.040 million per ounce (1 ounce = 31.10 grams).

Forex

On the week close Friday 17th January 1USD=TZS1,607.27

Inflation

The annual headline inflation rate for the month of December 2013 decreased to 5.60% from 6.2% in the previous month (November 2013).

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

http://tanzaniainvest.com/downloads/Tanzania-Weekly-Market-Report-13-17-Jan-2014.pdf