Tanzania Weekly Market Report: 27 to 31 May 2013

According to the Weekly Market Report of the trading week ended on 31 May 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover decreased by -87% to 317.76 million (USD 19,478.69) from 2.489 million (USD 152,612.48)

Both local and foreign investors participated in the market.

Foreign Investors participated by 15.86% while Local Investors by 84.14%

The Market Commentary shows the DSEI (ASI) and TSI were flat edging UP by +0.0.46% and +1.78% to 1,549.00 and 1,698.42 respectively, compared by 1,541.97 and 1,668.68 of last week.

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

Government Securities

No 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 five and two year T-bond worth 9.05 million recorded in secondary market, no T-bond of 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.

Gold

Spot gold was down to -5.22% to 2.268 Million (USD 1,390.28) per ounce (1 ounce = 31.10 grams) on Friday 31st May.

Forex

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

Inflation

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-27-31-may-2013.pdf

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