According to the Weekly Market Report of the trading week ended on 24 May 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover increased by 3% to 2.489 Million (USD 153,100.00) from 2.428 million (USD 149,278.30)
Both local and foreign investors participated in the market.
Foreign Investors participated by 5.28% while Local Investors by 94.72%
The Market Commentary shows the DSEI (ASI) and TSI were flat edging UP by +0.13% and +0.51% to 1,541.97 and 1,668.68 respectively, compared by 1,539.95 and 1,660.15 of last week.
Most of the activities were seen on NMB, TBL and TWIGA counters.
Government Securities
T-Bills action recorded during the week, the auction on these securities were done on 22th May 2013. Auction summary : auction No:877 of 22nd 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 -4.8% to 2.262 Million (USD 1,390.45) per ounce (1 ounce = 31.10 grams) on Friday 24th May.
Forex
Moving on to the Exchange Rate section, in comparison to previous week average, the Tanzanian shilling lost ground against the USD and gained against KES, GBP, EUR, ZAR and USH currencies.
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-20-24-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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