Tanzania Weekly Market Report: 2nd to 6th September 2013

According to the Weekly Market Report of the trading week ended on 6th September 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange total turnover decreased by 81% to 907.85 million from 4,681.26 million the previous week.

Both local and foreign investors participated in the market. Foreign Investors participated by 14.7% while Local Investors by 85.3%.

On Friday 6th September the Dar es Salaam All Share Index (ASI) closed at 1616.86 (+0.33%), the Tanzania Share Index (TSI) closed at 1985.36 (+1.16%), the Industrial and Allied Index (IA) closed at 2168.61 (+0.24%)  and the Bank Finance and Investment Index (BI) closed at 1995.13 (+2.77%) points. 

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

Government Securities

Last Treasury Bills auction was done on 28th August 2013 with a total of 161 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 +4.98% to 2.240 million per ounce (1 ounce = 31.10 grams) on Friday 6th September.

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-2-6-Sep-2013.pdf