Tanzania Weekly Market Report By Core Securities: 28 Jan to 1 Feb 2013

According to the Weekly Market Report of the week ended on 1st February 2013 issued by Core Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover registered a decline by 28%.

Both local and foreign investors participated in the market. Foreign investors by 13.81% while local investors by 86.19%.

The Market Commentary shows the DSE All Share Index (ASI) and Tanzania Share Index (TSI) were flat edging down by -0.19% and -0.84% to TZS 1,488.62 and TZS 1,1443.12 respectively, compared to TZS 1491.51 and TZS 1,455.30 of the previous week.

SWISSPORT gained +1.16% to reach TZS 1,740, while Cooperative Rural Development Bank (CRDB) lost by -1.49% to TZS 165, National Microfinance Bank (NMB) lost -1.69% to TZS 1,160 and Tanzania Breweries Limited (TBL) lost by 2.68% to TZS 2,900.

Most of the activities were seen on Tanga Cement Company (SIMBA), Tanzania Portland Cement Company (TWIGA), NMB,CRDB and TBL counters.

Regarding the Government activity, last Treasury Bills auction was done on 30th January 2013 with 73 successful bids and a total amount of TZS 113,220 Million (USD 70 Million).

5- year Government Bonds price registered an increase compared to the prior week: from TZS 84.345 Billion (USD 520 Million) to TZS 86.900 Billion (USD 535 Million).

Moving on to the Exchange Rate section, in comparison to the previous week, the Tanzanian shilling lost ground against USD, GBP and EUR, while it gained against ZAR, KES and UGX.

The Annual Headline Inflation for the month of December 2012 remained the same as last November : 12.1%, while decreasing from 12.9% of October 2012. Inflation in Tanzania is estimated to decrease to a single digit in the next three months.

The full copy of the Market Report is made available by TanzanaInvest.com following a new partnership with Core Securities: http://tanzaniainvest.com/downloads/DSE-Weekly-Market-Report-1-2.pdf