A daily reading of Tanzania’s markets, capital and policy, with regional and global forces when they materially change the read. Information and education, never advice.
The Brief is written the morning after the market closes. This edition analyses Tuesday, 4 August 2026; the most recent verified session. Its figures are frozen to that close; for today’s live moves see Markets.
Did the domestic market and the headline index move together or apart over the covered quarter?
Cumulative TSI return minus cumulative DSEI return · frozen at the 2026-08-04 covered session
Only declared transformations and compatible comparisons are enabled. The exact state is retained in the URL.
Reuse package · edition 2026-08-04-a134636143c3
| Date | Relationship | Cumulative gap (pp) |
|---|---|---|
| 2026-05-07 | Cumulative TSI minus DSEI | 0 |
| 2026-05-08 | Cumulative TSI minus DSEI | 0.22 |
| 2026-05-11 | Cumulative TSI minus DSEI | 0.7 |
| 2026-05-12 | Cumulative TSI minus DSEI | 0.43 |
| 2026-05-13 | Cumulative TSI minus DSEI | 0.59 |
| 2026-05-14 | Cumulative TSI minus DSEI | 0.31 |
| 2026-05-15 | Cumulative TSI minus DSEI | 0.28 |
| 2026-05-18 | Cumulative TSI minus DSEI | 0.4 |
| 2026-05-19 | Cumulative TSI minus DSEI | 0.45 |
| 2026-05-20 | Cumulative TSI minus DSEI | 0.57 |
| 2026-05-21 | Cumulative TSI minus DSEI | 0.85 |
| 2026-05-22 | Cumulative TSI minus DSEI | 0.88 |
| 2026-05-25 | Cumulative TSI minus DSEI | 1.42 |
| 2026-05-26 | Cumulative TSI minus DSEI | 1.59 |
| 2026-05-28 | Cumulative TSI minus DSEI | 1.88 |
| 2026-05-29 | Cumulative TSI minus DSEI | 1.79 |
| 2026-06-01 | Cumulative TSI minus DSEI | 1.9 |
| 2026-06-02 | Cumulative TSI minus DSEI | 2.24 |
| 2026-06-03 | Cumulative TSI minus DSEI | 1.99 |
| 2026-06-04 | Cumulative TSI minus DSEI | 2.1 |
| 2026-06-05 | Cumulative TSI minus DSEI | 2.29 |
| 2026-06-08 | Cumulative TSI minus DSEI | 2.13 |
| 2026-06-09 | Cumulative TSI minus DSEI | 1.84 |
| 2026-06-10 | Cumulative TSI minus DSEI | 1.46 |
| 2026-06-11 | Cumulative TSI minus DSEI | 1.26 |
| 2026-06-12 | Cumulative TSI minus DSEI | 0.94 |
| 2026-06-15 | Cumulative TSI minus DSEI | 0.54 |
| 2026-06-16 | Cumulative TSI minus DSEI | 0.69 |
| 2026-06-17 | Cumulative TSI minus DSEI | 0.6 |
| 2026-06-18 | Cumulative TSI minus DSEI | 0.1 |
| 2026-06-19 | Cumulative TSI minus DSEI | 0.23 |
| 2026-06-22 | Cumulative TSI minus DSEI | 0.61 |
| 2026-06-23 | Cumulative TSI minus DSEI | 0.41 |
| 2026-06-24 | Cumulative TSI minus DSEI | 0.3 |
| 2026-06-25 | Cumulative TSI minus DSEI | -0.67 |
| 2026-06-26 | Cumulative TSI minus DSEI | -1.23 |
| 2026-06-29 | Cumulative TSI minus DSEI | -1.29 |
| 2026-06-30 | Cumulative TSI minus DSEI | -1.02 |
| 2026-07-01 | Cumulative TSI minus DSEI | -0.3 |
| 2026-07-02 | Cumulative TSI minus DSEI | -0.51 |
| 2026-07-03 | Cumulative TSI minus DSEI | -0.2 |
| 2026-07-06 | Cumulative TSI minus DSEI | -0.04 |
| 2026-07-08 | Cumulative TSI minus DSEI | -0.27 |
| 2026-07-09 | Cumulative TSI minus DSEI | -0.25 |
| 2026-07-10 | Cumulative TSI minus DSEI | -0.25 |
| 2026-07-13 | Cumulative TSI minus DSEI | -0.27 |
| 2026-07-14 | Cumulative TSI minus DSEI | -0.46 |
| 2026-07-15 | Cumulative TSI minus DSEI | -0.3 |
| 2026-07-16 | Cumulative TSI minus DSEI | -0.5 |
| 2026-07-17 | Cumulative TSI minus DSEI | -0.4 |
| 2026-07-20 | Cumulative TSI minus DSEI | -0.36 |
| 2026-07-21 | Cumulative TSI minus DSEI | -0.2 |
| 2026-07-22 | Cumulative TSI minus DSEI | -0.12 |
| 2026-07-23 | Cumulative TSI minus DSEI | -0.01 |
| 2026-07-24 | Cumulative TSI minus DSEI | -1.12 |
| 2026-07-27 | Cumulative TSI minus DSEI | -0.12 |
| 2026-07-28 | Cumulative TSI minus DSEI | 0.28 |
| 2026-07-29 | Cumulative TSI minus DSEI | 0.37 |
| 2026-07-30 | Cumulative TSI minus DSEI | 0.35 |
| 2026-07-31 | Cumulative TSI minus DSEI | 0.42 |
| 2026-08-03 | Cumulative TSI minus DSEI | 0.33 |
| 2026-08-04 | Cumulative TSI minus DSEI | 0.21 |
2026-08-04-a134636143c3 · revision log →dse-daily-market-indicescumulative-excess-return; cumulative sum(TSI session return minus DSEI session return)Read: Above zero means the domestic index led. Below zero means the all-share led. A flat line near zero means their paths were similar.
Index scope differs. The measure adds only sessions with comparable published returns and is not a portfolio return. The excluded session remains disclosed in the values table.
Descriptive flags from the verified DSE close; not signals, predictions, or advice. The official close, fully broken down; After the Bell →
4,182.69 fell 0.11% and 9,179.14 0.23%; TZS 5.059bn traded, with 73.0% in CRDB and NMB.
Twenty-one of 28 names traded and advancers matched decliners at eight each. Participation improved, but the distribution of money remained concentrated.
Whether the 5 August verified close preserves balanced breadth while value spreads beyond the two leading banks.
CRDB supplied 41.6%, NMB 31.4% and Vodacom 11.0% of TZS 5.059bn in verified equity turnover.
Twenty-one counters traded, yet the top three supplied 84.1% of value. Counter participation and the distribution of distributable liquidity remained different signals.
The 5 August close tests whether the top-three share falls while traded-counter participation holds.
A free daily Tanzania market-intelligence note covering DSE moves, rates, FX, policy, macro signals and what to watch next.
BoT's seven-day IBCM rate was 6.44% on 4 August versus the 6.25% CBR; the latest 91-day bill remained 3.3472%.
Interbank pricing sat above the policy anchor while the 91-day bill remained about 290bp below it. These are observations from different dates, not a same-day yield curve.
The next verified IBCM observation and Treasury-bill result test whether the split narrows or persists.
The 36th EASEA meeting adopted a strategy targeting 50 million active regional investors by 2030 from approximately four million today.
Harmonised cross-listing, product diversification and post-trade tokenisation could reduce regional market friction, but the document carries no ratified rule change or binding capital.
Concrete EASRA rule harmonisation or a named interoperability pilot would move the roadmap from strategic alignment toward execution.
The official 5 August mean was TZS 2,643.5679 per US dollar, down from 2,646.3143 on 4 August.
The two latest daily changes had opposite signs and were both small. A one-day reversal does not establish a durable currency trend.
The next official BoT indicative-rate sheet tests whether the mean extends or reverses the latest move.
The Ghost's hypothetical TZS 500m model book is +8.16% since inception at its 4 Aug mark. Balanced breadth, concentrated turnover, split rate signals and small two-way FX moves update the risk map; not trades.
Ghost relevance: The hypothetical model book ended 4 August at +8.16% since inception. Balanced breadth sits beside concentrated equity turnover, while the interbank-to-bill gap and two-way FX changes keep funding and currency conditions visible. These are educational terrain observations, never positions or recommendations.
Open the Ghost tracker → The terrain it reads →| When | Event | Why it matters |
|---|---|---|
| after the 5 Aug session | DSE breadth and turnover distribution | The 4 August close had eight advancers and eight decliners, but CRDB and NMB still supplied 73.0% of equity turnover. |
| next BoT dashboard observation | Next verified seven-day IBCM observation | The 4 August rate was 6.44%, 19bp above the 6.25% CBR and 37bp above the prior observation. |
| date not announced | EASEA implementation evidence | The 50 million-investor goal remains a strategy until a ratified rule change, named pilot or executable cross-listing pipeline appears. |
| date not asserted | Next official BoT indicative-rate sheet | The 5 August USD/TZS mean fell 0.10% after a 0.02% rise; the next observation tests whether that reversal extends. |
| date not announced | Next verified BoT Treasury-bill result | Auction No. 1203 remains the latest verified result, with the 91-day yield about 290bp below the 6.25% CBR. |
A free daily Tanzania market-intelligence note covering DSE moves, rates, FX, policy, macro signals and what to watch next.
Compiled from public sources for information and education only; not investment advice, a forecast or a recommendation. Equity, index, breadth and turnover figures reconcile to the DSE verified close (4 Aug 2026); rates and FX use Bank of Tanzania publications, and inflation uses NBS. The current Wire hand-off was read first and contained two primary-grade cards. The EASEA strategy card was retained after primary-source review; its 50 million target is not treated as binding capital or a ratified rule change. The TCC filing card was omitted because its primary PDF exposed no machine-extractable financial figures; no earnings inference is made. The 5 August USD/TZS observation is kept separate from the 4 August DSE close, and the dated interbank and Treasury-bill observations are not presented as a same-day curve. No foreign-flow split is inferred from the official DSE snapshot. Undated checkpoints remain explicitly undated. For live levels see Markets.