Tanzania Weekly Market Report: 18 to 22 Feb 2013

According to the Weekly Market Report of the week ended on 22nd February 2013 issued by Core Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover registered a -82% decrease.

Both local and foreign investors participated in the market. Foreign investors by 70.2%, while local investors by 29.80%.

The Market Commentary shows the DSE All Share Index (ASI) and Tanzania Share Index (TSI) were flat edging UP by +0.13% and +0.56% to TZS 1,501.80 and TZS 1,498.82 respectively, compared to TZS 1,499.82 and TZS 1,490.51 of last week.

Cooperative Rural Development Bank (CRDB) lost -12.5% to reach TZS 140, Tanzania Breweries Limited (TBL) gained +3.3% to TZS 3,100, while SWISSPORT gained +2.2% to TZS 1,860 and National Microfinance Bank (NMB) gained +1.7% to TZS 1,180.

Most of the activities were seen on Tanzania Portland Cement Company (TPCC), NMB, CRDB and 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).

10-year Bonds’ price is TZS 88.86 Billion (USD 54.7 Million).

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

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 following a new partnership with Core Securities: http://tanzaniainvest.com/downloads/DSE-Weekly-Market-Report-18-to-22-Feb-2013.pdf