Tanzania Weekly Market Report 2nd to 6th June, 2014

According to the Weekly Market Report of the trading week ending on 6th June, 2014 issued by CORE Securities, named East Africa Best Advisory Brokerage by Capital Finance International, the Dar Es Salaam Stock Exchange total turnover in the market decreased by -86% to TZS 804.60 million from TZS 5,932.99 million the previous week.

Both local and foreign investors participated in the market. Foreign Investors participated by23.01% while Local Investors by 76.99%.

On Friday 6th June 2014 TSI Closed at 3,212.71(+0.20%), IA closed at 3,699.07 (-0.39%) and B I Closed at 3,097.73 (+4.41%) points.

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

Gold 

On Friday 6th June, Gold Closing Spot Price was up by +1.32% to TZS 67,673.80 per gram compared to a week earlier. 

Forex

On the week close Friday 6th June 1USD=TZS 1,648.91 (BOT mean rate), represanting and appreciation 0.27% a week earlier for the tanzanian shilling.

Inflation

The annual headline inflation rate for the month of April 2014 increased to 6.3% from 6.1% in the previous month (March 2014).

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

http://tanzaniainvest.com/downloads/Tanzania-Weekly-Market-Report-2-6-JUNE-2014.pdf