Tanzania Weekly Market Report: 22th to 26th April 2013

According to the Weekly Market Report of the trading week ended on 26th April 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover increased by 44% to TZS 3,075.81 Million (USD 1.903 Million) from 2,130.05 million (USD 1.309 Million) the week before.

Both local and foreign investors participated in the market. Foreign Investors participated by 20.48% while Local Investors by 79.52%.

The Market Commentary shows the DSEI (ASI) and TSI were flat edging UP by +0.06% and +0.23% to 1,533.88 and 1,634.49 respectively, compared by 1,532.98 and 1,630.68 of last week.

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

Government Securities

Last T-Bills action recorded during the week was on 24th April 2013 with a total of 108 sucessful bids for a total of TZS 112,045 Million (USD 75.547 Million).

Government Bonds

A seven and ten year T-bond worth 12.962 billion recorded in secondary market, no T-bond of 2 and 5 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 to -8.65% to 2.401 Million (USD 1,486.24) per ounce (1 ounce = 31.10 grams) on Friday 26th April.

Forex

Moving on to the Exchange Rate section, in comparison to previous week average, the shilling lost ground against the KES while

gained on EUR, UGS, ZAR and GBP.

Inflation

The annual headline inflation for the month of March decreased to 9.8% 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-22-26-Apr-2013.pdf