Good Tuesday Morning Gambia and welcome to Dalasi update with Market Beat.

Despite the Dalasi making very few GAINS this week the stability indicators are still strong with 58% registered in Non Moving Figures as compared to last week’s 45%. The Dalasi was stable as monitored by MARKET BEAT as at close of business on Friday the 5th. March 2010.

In statistical terms, there are 12/93 GAINS as compared to last week’s 19/93 GAINS translating into the surrender of 7 GAINS in the process. In the same drive, the Dalasi makes in road in the Non Moving Figures as it has registered 54/93 Non Moving Figures as compared to 42/93 NMF of last week. Concluding there are 27/93 LOSSES this week as compared to 32/93 LOSSES of last week.

In percentage terms, the dalasi is 13% gains, 29% losses and 58% non moving figures. That translates into the Dalasi being down in gains by 7 % ,down by 5% in losses which is very good and it is up by 14% IN NMF as per last week trading figures. Generally, the Dalasi is very stable as we approach the third week of the end of the first quarter of 2010 in terms of currency trading against other world major currencies notably the British Pound Sterling, the American Dollar and the European EURO respectively.

The big issues this week
The big issues this week include among others the fact that all banks with the exception of GTB where the Dalasi suffers a loss are non moving in respect of trading against the us dollar, the currecy of interanational trading. the story goes that bank phb is the official sponsor of market beat. This week also saw BANK PHB, FIB  and TBL being the only banks to register 100% Non Moving Figures at trading in all currencies.

Non movers
BANK PHB, FIB and TBL are all on 100% Non Moving in all currencies in the currency market this week. Aside that, all the remaining banks have some elements of Non Moving Figures present in their data.

Gains
All other bank with the exception of BANK PHB, FIB and TBL have registered very minor gains at trading this week.

Losses
All Banks with the exception of TBL, BANK PHB, FIB, PRIME BANK and BSIC registered some losses at trading this week.

Mixed picture
All Banks with BANK PHB, FIB and TBL aside have posted pictures loaded with mixed figures in respect of currency trading by registering some gains, some losses and some non moving figures.

Mind the gap
Market Beat would like to bring to you the indicative rates currency tables as we buy and sell in all our operational commercial banks as dictated to us by the Central Bank of the Gambia (CBG) as at the 4th.March, 2010. Please note that these figures could be subjected to changes as market forces come into play and at the discretion of the banks hereby mentioned.