Tanzania Weekly Market Report 7th to 11th April, 2014

According to the Weekly Market Report of the trading week ending on 11th 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 +810% to TZS 9,355.85 million from TZS 1,028.15 million the previous week.

Both local and foreign investors participated in the market. Foreign Investors participated by 42.56% while Local Investors by 57.44%.

On Friday 11 April 2014 the TSI Closed at 2,960.04 (+0.35%), IA closed at 3,537.90 (0.00%) and BI Closed at 2,646.28 (+1.10%) points.

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

Government Securities

Last Treasury Bills auction (899) was done on 9th April 2014 with a total of 119 successful bids for a value of TZS 132 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 11th April Closing Spot gold Price was up by +2.4% to TZS 69,071 per gram, compared to TZS 68,078 a week before. 

Forex

On the week close Friday 11th March 1USD=TZS 1,626.45 (BOT mean rate), compared to 1,626.29 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-7-11-APR-2014.pdf