According to the Weekly Market Report of the trading week ended on 10 May 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover decreased by -58% to 407.69 Million (USD 250,656) from 989.73 million (USD 608,506).
Both local and foreign investors participated in the market.
Foreign Investors participated by 3.19% while Local Investors by 96.81%
The Market Commentary shows the DSEI (ASI) and TSI were flat edging UP by +0.06% and +0.24% to 1,536.58 and 1,645.89 respectively, compared by 1,533.88 and 1,634.49 of last week.
Most of the activities were seen on NMB, CRDB and SWISSPORT counters.
Government Securities
Last T-Bills action was done on 8th May 2013 with a total of 84 successful bids for a total of TZS 141,099.30 Million (USD 86,750).
Government Bonds
A seven and ten year T-bond worth 12.962 billion was recorded in secondary market, no T-bond of 2 and 5 years was 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.
Price of Gold
Spot gold was down to -1.45% to 2.397 Million (USD 1,473.73) per ounce (1 ounce = 31.10 grams) on Friday 10th May.
Forex
Moving on to the Exchange Rate section, in comparison to previous week average, the Tanzanian shilling lost ground against the USD, GBP, EUR, ZAR, KES and USH.
The annual headline inflation for the month of March decreased to 9.8% from 10.4% as from February 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:http://tanzaniainvest.com/downloads/tanzania-weekly-market-report-6-may-10-may-2013.pdf
Want to know more about Capital Markets in Tanzania? Our upcoming Capital Markets Guide covers the Dar es Salaam Stock Exchange (DSE), listed companies, bonds, and private equity, plus the regulatory framework for investing in Tanzania’s capital markets.
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