Tanzania Weekly Market Report 26th to 30th May, 2014

According to the Weekly Market Report of the trading week ending on 30th May, 2014 issued by CORE Securities, named East Africa Best Advisory Brokerage by Capital Finance International, the Dar Es Salaam Stock Exchange total turnover decreased by -20% to TZS 5,932.99 million from TZS 7,433.22 million the previous week.

Both local and foreign investors participated in the market. Foreign Investors participated by 19.78% while Local Investors by 80.22%.

On Friday 23rd May 2014 TSI Closed at 3,206.25(+3.35%), IA closed at 3,713.64 (+3.17%) and BI Closed at 2,966.88 (+0.84%) points.

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

Gold 

On Friday 26th May Closing Spot Price was TZS 66,790 per gram, down by -3.21% compared to a week earlier. 

Forex

On the week close Friday 26th May 1USD=TZS 1,664.42 (BOT mean rate), an increase by 0.12% a week earlier.

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-26-30-MAY-2014.pdf