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Tanzania Weekly Market Report: 13 to 17 May 2013

According to the Weekly Market Report of the trading week ended on 17 May 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover increased by 497% to 2.428 Million (USD 149,278.30) from 407.69 million (USD 250,655.97).

Both local and foreign investors participated in the market.

Foreign Investors participated by 36.69% while Local Investors by 63.32%

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The Market Commentary shows the DSEI (ASI) and TSI were flat edging UP by +0.22% and +0.87% to 1,539.95 and 1,660.15 respectively, compared by 1,536.58 and 1,645.89 of last week.

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

Government Securities

No T-Bills action recorded during the week, the auction on these securities were done on 8th May 2013.

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.


Spot gold was down to -3.19% to 2.219 Million (USD 1,364.30) per ounce (1 ounce = 31.10 grams) on Friday 17th May.


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

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The full copy of the Market Report is made available by TanzanaInvest.com following a partnership with CORE Securities:

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