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

According to the Weekly Market Report of the trading week ended on 26th July 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover increased by +343% to TZS 11,430.26 from TZS 2,5801.36 million.

Both local and foreign investors participated in the market. Foreign Investors participated by 75.15% while Local Investors by 24.85%

The Market Commentary shows the DSEI (ASI) went up by +0.45% to 1,607.57 and TSI went down by -0.27% to 1,946.08, compared by 1,600.30 and 1,191.34 of last week.

Most of activities were seen on NMB and CRDB counters.

Government Securities

Last Treasury Bills auction was done on 17th July 2013 with a total of 38 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 6.78% TZS 2.160 million per ounce (1 ounce = 31.10 grams) on Friday 26th July.

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 following a partnership with CORE Securities:http://tanzaniainvest.com/downloads/Tanzania-Weekly-Market-Report-22-26-Jul-2013.pdf