Tanzania Weekly Market Report: 17 to 21 June 2013

According to the Weekly Market Report of the trading week ended on 21 June 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover increased by 1228% to 13,155.96 million (USD 8,053,968.44) from 990.57 million (USD 605,325.62)

 Both local and foreign investors participated in the market.

Foreign Investors participated by 20.21% while Local Investors by 79.79%

The Market Commentary shows the DSEI (ASI) and TSI were flat edging UP by +0.40% and +1.50% to 1,569.71 and 1,785.99 respectively, compared by 1,563.48 and 1,759.65 of last week.

Most of the activities were seen on SIMBA, NMB, CRDB and TBL counters.

Government Securities

T-Bills action recorded during the week, the auction on these securities were done on 5th June 2013. Auction summary : auction No.878 of 5th June 2013.

Government Bonds

A ten and five year T-bond worth 17.40 billion recorded in secondary market, no T-bond of 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

Spot gold was down by -5.46% to 2.139 Million (USD 1,309.76) per ounce (1 ounce = 31.10 grams) on Friday 21st June.

Forex

Moving on to the Exchange Rate section, in comparison to previous week average, the Tanzanian shilling lost ground against the USD, EUR and ZAR and gained against KES, GBP and UGS currencies.

Inflation

The annual headline inflation for the month of April decreased to 9.4% from 10.4% as from February 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 following a partnership with CORE Securities:http://tanzaniainvest.com/downloads/tanzania-weekly-market-report-17-21-june-2013.pdf