Tanzania Weekly Market Report: 23rd to 27th September 2013

According to the Weekly Market Report of the trading week ended on 27th September 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange total turnover increased by 250% to 1,701.55 million from 485.71 million from 6,406.24 million the previous week.

Both local and foreign investors participated in the market. Foreign Investors participated by 0.79% while Local Investors by 99.21%.

On Friday 20th September the Dar es Salaam All Share Index (ASI) closed at 1,653.32 (+2.57%), the Tanzania Share Index (TSI) closed at 2,012.91 (+0.91%), the Industrial and Allied Index (IA) closed at 2,213.04 (+0.59%), and the Bank Finance and Investment Index (BI) closed at 2,019.98 (+1.33%) points. 

Most of activities were seen on TBL & CRDB counters.

Government Securities

Last Treasury Bills auction was done on 25th September 2013 with a total of 124 successful bids for a value of 130,904 million.

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 down by down by -4.80% to 2.157 million per ounce (1 ounce = 31.10 grams) on Friday 27th September.

Forex

In comparison to previous week Average, the shilling lost ground against the EUR,GBP, KES and UGS and gained against USD and ZAR Currencies. On the week close Friday 27th September 1USD=TZS1,605.31

Inflation

The annual headline inflation for the month of August 2013 decreased to 6.7% from 7.5% as of July 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-23-27-Sep-2013.pdf