According to the Weekly Market Report of the week ended on 19th April 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover decreased by -47% to TZS 2,130.05 Million (USD 1.309 Million) from TZS 3,999.4 Million (USD 2.466 Million) the week before.
Both local and foreign investors participated in the market. Foreign Investors participated by 44.83% while Local Investors by 55.17%.
The Market Commentary shows the DSEI (ASI) and TSI were flat edging UP by +0.54% and +2.17% to 1,532.98 and 1,630.68 respectively, compared by 1,524.77 and 1,595.97 of last week.
Most of activities were seen on NMB, CRDB, SIMBA and TWIGA counters.
Government Securities
No T-Bills action recorded during the week, the auction on these securities was done on 10th April2013.
Government Bonds
A five year T-bond worth TZS 4.0 Billion (USD 2.459 Million) recorded in secondary market, no T-bond of 2,7 and 10 years 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 -11.81% to 2.292 Million (USD 1,409.16) per ounce (1 ounce = 31.10 grams) on Friday 19th April.
Forex
Moving on to the Exchange Rate section, in comparison to previous week, the shilling lost ground against the EUR, USD, UGX and KES while gained on ZAR and GBP.
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-15-19-Apr-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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