Tanzania Weekly Market Report: 29th July to 2nd August 2013

According to the Weekly Market Report of the trading week ended on 2nd August 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover decreased by -92% to TZS 905.48 million from TZS 11,430.26 million.

Both local and foreign investors participated in the market. Foreign Investors participated by 9.97% while Local Investors by 90.03%

The Market Commentary shows the DSEI (ASI) went up by +0.22% to 1,611.15 and TSI went up by +0.78% to 1,961.23, compared by 1,607.57 and 1,1946.08 of last week.

Most of activities were seen on NMB and CRDB counters.

Government Securities

Last Treasury Bills auction was done on 31st July 2013 with a total of 222 successful bids.

Government Bonds

 A Five year T-bond worth 6.32 billion was recorded in secondary market, no T-bond for 10, 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 up by 5.8% TZS 2.112 million per ounce (1 ounce = 31.10 grams) on Friday 2nd August.

Inflation

The annual headline inflation for the month of June 2013 decreased to 7.6% from 8.3% as of May 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: http://tanzaniainvest.com/downloads/Tanzania-Weekly-Market-Report-29-Jul-2-Aug-2013.pdf

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