Tanzania Weekly Market Report: 8th to 12th July 2013

According to the Weekly Market Report of the trading week ended on 5th July 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover increased by +37% to TZS 1,809.00  million from TZS 1,320.94 million.

Both local and foreign investors participated in the market. Foreign Investors participated by 32.02% while Local Investors by 67.98%

The Market Commentary shows the DSEI (ASI) and TSI were flat edging Up by +0.74% and +2.68% to 1,594.07 and 1,889.01, compared by 1,582.43 and1,839.78 of last week.

Most of activities were seen on NMB, CRDB &SIMBA counters.

Government Securities

No T-Bills action recorded during the week. Last Treasury Bills auction was done on 3rd July 2013.

Government Bonds

 A Five year T-bond worth 11.283 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 -8.41% to TZS 2.076 million per ounce (1 ounce = 31.10 grams) on Friday 12th July.

Forex

In comparison to previous week Average, the shilling lost ground against the USD and gained against ZAR,EUR,GBP and KES Currencies.

Inflation

The annual headline inflation for the month of June 2013 decreased to 7.6% from 8.3% as of May 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 following a partnership with CORE Securities: Tanzania-Weekly-Market-Report-8-12-Jul-2013.pdf