According to the Weekly Market Report of the trading week ended on 07 June 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange (DSE) total turnover increased by 54% to 489.48 million (USD 298,813.23) from 317.76 million (USD 193,709.19)
Both local and foreign investors participated in the market.
Foreign Investors participated by 9.90% while Local Investors by 90.10%
The Market Commentary shows the DSEI (ASI) and TSI were flat edging UP by +0.33% and +1.27% to 1,553.49 and 1,717.42 respectively, compared by 1,548.39 and 1,695.83 of last week.
Most of the activities were seen on NMB, CRDB, SIMBA and TBL counters.
Government Securities
T-Bills action recorded during the week, the auction on these securities were done on 5th June 2013. Auction summary : auction No.878 of 5th June 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.
Spot gold was down to -5.22% to 2.268 Million (USD 1,385.94) 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, GBP and EUR and gained against KES and ZAR currencies.
The annual headline inflation for the month of April decreased to 9.4% 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-3-7-june-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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