Tanzania Weekly Market Report 31st March to 4th April, 2014

According to the Weekly Market Report of the trading week ending on 4th April, 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 +45% to TZS 1,028.15 million from TZS 710.15 million the previous week. 

Both local and foreign investors participated in the market. Foreign Investors participated by 12.39% while Local Investors by 87.61%.

On Friday 4th April TSI Closed at 2,949.69(+0.44%), IA closed at 3,537.91 (-0.09%) and BI Closed at 2,617.42 (+1.51%) 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 4th April Closing Spot gold Price was down by -3.26% to TZS 68,078 per gram, compared to TZS 70,370 a week before. 

Forex

On the week close Friday 4th March 1USD=TZS 1,626.29 (BOT mean rate), down by -0.32% compared to 1,61.57 a week earlier.

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-31-MAR-4APR-2014.pdf