Tanzania Weekly Market Report: 24 to 28 June 2013

According to the Weekly Market Report of the trading week ended on 28 June 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover decreased by -73% to TZS 3,487.84 million (USD 2.137 milliom)from TZS 13,155.96 million (USD 8.053 million).

 

Both local and foreign investors participated in the market. Foreign Investors participated by 0.66 % while Local Investors by 99.34%

 

The Market Commentary shows the DSEI (ASI) and TSI were flat edging UP by +0.82% and +3.03% to 1,582.51 and 1,840.11 respectively, compared by 1,569.71 and 1,785.99 of last week.

Government Securities

Last Treasury Bills auction was done on19th June 2013 with 61 successful bids and a total amount of TZS 89,629 Million (USD 54.9 Million).

Government Bonds

Ten and Five year T-bond worth 14.00 billion were recorded in secondary market, no T-bond of 7 and 2 years were 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.

Gold

Spot gold was down by -10.79% to TZS 1.94 million (USD 1,189) per ounce (1 ounce = 31.10 grams) on Friday 24th June.

Forex

In comparison to previous week Average, the shilling lost ground against the USD and gained against KES, GBP, ZAR and UGS Currencies.

Inflation

The annual headline inflation for the month of April decreased to 9.4% from 10.4% as from February 2013.

The full copy of the Market Report is made available by TanzanaInvest.com following a partnership with CORE Securities: Tanzania-Weekly-Market-Report-24-28-Jun-2013.pdf

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