Tanzania Weekly Market Report 24 to 28 March, 2014

According to the Weekly Market Report of the trading week ending on 28th March, 2014 issued by CORE Securities, named East Africa Best Advisory Brokerage by Capital Finance International, the Dar Es Salaam Stock Exchange total turnover increased by +24% to TZS 710.15 million from TZS 571.80 million the previous week.  

Both local and foreign investors participated in the market. Foreign Investors participated by 6.17% while Local Investors by 93.83%.

On Friday 28th March 2014 the TSI Closed at 2,936.72 (-0.32%), IA closed at 3,541.11 (+0.31%) and BI Closed at 2,578.58 (-1.57%) points.

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

Government Securities

Last Treasury Bills auction (899) was done on 26th March 2014 with a total of 216 successful bids for a value of TZS 130 trillion.

Government Bonds

A Seven year T-bond worth 2.25 & a ten years T-bond worth 5.1 billion recorded in secondary market, no T-bond for 10, 7 and 2 years recorded in secondary market.

Gold 

On Friday 28th March Closing Spot gold Price was down by -1.91% to TZS 67,990 per gram. This represents a depreciation of -0.03% compared to Friaday 21st March (TZS 70,370).

Forex

On the week close Friday 28th March 1USD=TZS 1,61.57 (BOT mean rate). This represents an appreciation of +0.09% compared to Friaday 21st March (1,630.16).

Inflation

The annual headline inflation rate for the month of January 2014 increased to 6.0% from 5.6% in the previous month (Decembre 2013).

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

http://tanzaniainvest.com/downloads/Tanzania-Weekly-Market-Report-24-28-MARCH-2014.pdf