Tanzania Weekly Market Report 24 to 28 February, 2014

According to the Weekly Market Report of the trading week ending on 28th February, 2014 issued by CORE Securities, named East Africa Best Advisory Brokerage by Capital Finance International, the Dar Es Salaam Stock Exchange total turnover decreased by -47% to 503.36 million from 948.41 million the previous week.

Both local and foreign investors participated in the market. Foreign Investors participated by 8.02 % while Local Investors by 91.98%.

On Friday 28 February 2014 the DSEI (ASI) closed at 1,995.32 (+4.94%), TSI Closed at 2,928.29 (+0.33%), IA closed at 3,459.38 (-0.28%) and BI Closed at 2,674.27 (+1.51%) points in comparison to previous week.

Most of activities were seen on TBL & CRDB counters.

Government Securities

Last Treasury Bills auction was done on 26th February 2014 with a total of 81 successful bids for a value of 182,105 million.

Government Bonds

A Seven year T-bond worth 2.25 & a ten years T-bond worth 5.1 billion recorded in secondary market, no T-bond for 10, 7 and 2 years 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 28th February 2014 Closing Spot gold Price was up by +6.28% to 2.155 million per ounce (1 ounce = 31.10 grams).

Forex

On the week close Friday 28th February 1USD=TZS1,619.50.

Inflation

The annual headline inflation rate for the month of January 2014 increased to 6.0% from 5.6% in the previous month (Decembre 2013).

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

http://tanzaniainvest.com/downloads/Tanzania-Weekly-Market-Report-24-28-FEBRUARY-2014.pdf