Tanzania Weekly Market Report: 9th to 13th September 2013

According to the Weekly Market Report of the trading week ended on 13th September 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange total turnover increased by 606% to 6,406.24 million from 907.85 million the previous week.

Both local and foreign investors participated in the market. Foreign Investors participated by 19.28% while Local Investors by 80.72%.

On Friday 13th September the Dar es Salaam All Share Index (ASI) closed at 1613.90 (-0.18%), the Tanzania Share Index (TSI) closed at 1995.96 (+0.53%), the Industrial and Allied Index (IA) closed at 2192.58 (+1.11 %), and the Bank Finance and Investment Index (BI) closed at 2007.56 (+0.62%) points. 

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

Government Securities

Last Treasury Bills auction was done on 11th September 2013 with a total of 147 successful bids for a value of 110,420 million.

Government Bonds

A Five year T-bond worth 6.32 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 down by -3.84% to 2.140 million per ounce (1 ounce = 31.10 grams) on Friday 20th September.

Forex

In comparison to previous week Average, the shilling lost ground against the EUR, GBP, ZAR, & UGS and gained against USD and KES Currencies. On the week close Friday 20th September 1USD=TZS1,610.82.

Inflation

The annual headline inflation for the month of July 2013 decreased to 7.5% from 7.6% as of June 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: