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 Wednesday, 5 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 2026-08-05 covered session
Only declared transformations and compatible comparisons are enabled. The exact state is retained in the URL.
Reuse package · edition 2026-08-05-9af9b2399aba
| Date | Relationship | Cumulative gap (pp) |
|---|---|---|
| 2026-05-08 | Cumulative TSI minus DSEI | 0 |
| 2026-05-11 | Cumulative TSI minus DSEI | 0.48 |
| 2026-05-12 | Cumulative TSI minus DSEI | 0.2 |
| 2026-05-13 | Cumulative TSI minus DSEI | 0.37 |
| 2026-05-14 | Cumulative TSI minus DSEI | 0.09 |
| 2026-05-15 | Cumulative TSI minus DSEI | 0.06 |
| 2026-05-18 | Cumulative TSI minus DSEI | 0.18 |
| 2026-05-19 | Cumulative TSI minus DSEI | 0.23 |
| 2026-05-20 | Cumulative TSI minus DSEI | 0.35 |
| 2026-05-21 | Cumulative TSI minus DSEI | 0.62 |
| 2026-05-22 | Cumulative TSI minus DSEI | 0.66 |
| 2026-05-25 | Cumulative TSI minus DSEI | 1.2 |
| 2026-05-26 | Cumulative TSI minus DSEI | 1.37 |
| 2026-05-28 | Cumulative TSI minus DSEI | 1.66 |
| 2026-05-29 | Cumulative TSI minus DSEI | 1.57 |
| 2026-06-01 | Cumulative TSI minus DSEI | 1.68 |
| 2026-06-02 | Cumulative TSI minus DSEI | 2.02 |
| 2026-06-03 | Cumulative TSI minus DSEI | 1.77 |
| 2026-06-04 | Cumulative TSI minus DSEI | 1.88 |
| 2026-06-05 | Cumulative TSI minus DSEI | 2.07 |
| 2026-06-08 | Cumulative TSI minus DSEI | 1.91 |
| 2026-06-09 | Cumulative TSI minus DSEI | 1.62 |
| 2026-06-10 | Cumulative TSI minus DSEI | 1.24 |
| 2026-06-11 | Cumulative TSI minus DSEI | 1.04 |
| 2026-06-12 | Cumulative TSI minus DSEI | 0.72 |
| 2026-06-15 | Cumulative TSI minus DSEI | 0.32 |
| 2026-06-16 | Cumulative TSI minus DSEI | 0.47 |
| 2026-06-17 | Cumulative TSI minus DSEI | 0.38 |
| 2026-06-18 | Cumulative TSI minus DSEI | -0.12 |
| 2026-06-19 | Cumulative TSI minus DSEI | 0.01 |
| 2026-06-22 | Cumulative TSI minus DSEI | 0.39 |
| 2026-06-23 | Cumulative TSI minus DSEI | 0.18 |
| 2026-06-24 | Cumulative TSI minus DSEI | 0.08 |
| 2026-06-25 | Cumulative TSI minus DSEI | -0.89 |
| 2026-06-26 | Cumulative TSI minus DSEI | -1.45 |
| 2026-06-29 | Cumulative TSI minus DSEI | -1.51 |
| 2026-06-30 | Cumulative TSI minus DSEI | -1.24 |
| 2026-07-01 | Cumulative TSI minus DSEI | -0.52 |
| 2026-07-02 | Cumulative TSI minus DSEI | -0.73 |
| 2026-07-03 | Cumulative TSI minus DSEI | -0.43 |
| 2026-07-06 | Cumulative TSI minus DSEI | -0.26 |
| 2026-07-08 | Cumulative TSI minus DSEI | -0.49 |
| 2026-07-09 | Cumulative TSI minus DSEI | -0.48 |
| 2026-07-10 | Cumulative TSI minus DSEI | -0.47 |
| 2026-07-13 | Cumulative TSI minus DSEI | -0.49 |
| 2026-07-14 | Cumulative TSI minus DSEI | -0.69 |
| 2026-07-15 | Cumulative TSI minus DSEI | -0.52 |
| 2026-07-16 | Cumulative TSI minus DSEI | -0.72 |
| 2026-07-17 | Cumulative TSI minus DSEI | -0.62 |
| 2026-07-20 | Cumulative TSI minus DSEI | -0.59 |
| 2026-07-21 | Cumulative TSI minus DSEI | -0.42 |
| 2026-07-22 | Cumulative TSI minus DSEI | -0.34 |
| 2026-07-23 | Cumulative TSI minus DSEI | -0.23 |
| 2026-07-24 | Cumulative TSI minus DSEI | -1.34 |
| 2026-07-27 | Cumulative TSI minus DSEI | -0.34 |
| 2026-07-28 | Cumulative TSI minus DSEI | 0.06 |
| 2026-07-29 | Cumulative TSI minus DSEI | 0.15 |
| 2026-07-30 | Cumulative TSI minus DSEI | 0.13 |
| 2026-07-31 | Cumulative TSI minus DSEI | 0.2 |
| 2026-08-03 | Cumulative TSI minus DSEI | 0.11 |
| 2026-08-04 | Cumulative TSI minus DSEI | -0.01 |
| 2026-08-05 | Cumulative TSI minus DSEI | -0.22 |
2026-08-05-9af9b2399aba · 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 →
4,188.97 rose 0.15% while 9,173.10 fell 0.07%; TZS 4.528bn traded and NMB supplied 67.2%.
Nine names advanced and six declined, yet NMB and CRDB supplied 88.1% of turnover. Directional breadth and money distribution sent different signals.
Whether the 6 August verified close brings DSEI and TSI back into the same direction while turnover broadens beyond NMB.
NMB supplied 67.2% and CRDB 20.9% of TZS 4.528bn in verified equity turnover.
Twenty-one counters traded and advancers led decliners nine to six, but the top two banks absorbed most of the session’s money.
Whether the 6 August close lowers the top-two share while traded-counter participation remains at or above 21.
A free daily Tanzania market-intelligence note covering DSE moves, rates, FX, policy, macro signals and what to watch next.
4,188.97 gained 0.15% while 9,173.10 fell 0.07%; the all-share and domestic-only indices moved in opposite directions.
Cross-listed and domestic components did not send one market-wide direction, so the all-share headline did not describe the local board alone.
The 6 August close tests whether the two indices reconverge or extend the split.
BoT’s seven-day IBCM rate fell 23bp to 6.21% on 5 August, four basis points below the 6.25% CBR.
Near-term interbank pricing converged on the policy anchor, while the latest 91-day bill remained about 290bp below it on a different date.
The next verified IBCM observation and Treasury-bill result test whether the gap narrows or persists.
BoT placed official reserves around US$6bn and import cover at 4.3 months in the quarter to June.
Coverage exceeded Tanzania’s four-month statutory floor but remained below the EAC’s 4.5-month and SADC’s six-month benchmarks.
The next official reserve print tests whether import cover clears the 4.5-month EAC benchmark.
The Ghost’s hypothetical TZS 500m model book is +8.07% since inception at its 5 Aug mark. Split indices, concentrated turnover, near-anchor interbank pricing and reserve adequacy update the risk map; not trades.
Ghost relevance: how today’s rates, FX, gold and inflation read against a hypothetical model-book; educational, not advice.
Open the Ghost tracker → The terrain it reads →| When | Event | Why it matters |
|---|---|---|
| after the 6 Aug session | DSE index direction and turnover distribution | The 5 August close split DSEI and TSI while NMB and CRDB supplied 88.1% of equity turnover. |
| next BoT dashboard observation | Next verified seven-day IBCM observation | The 5 August rate fell 23bp to 6.21%, four basis points below the 6.25% CBR. |
| date not announced | Next verified BoT Treasury-bill result | Auction No. 1203 remains latest, with the 91-day weighted-average yield about 290bp below the CBR. |
| date not announced | Next official reserve and import-cover publication | The latest 4.3-month cover exceeded Tanzania’s floor but remained below the EAC and SADC benchmarks. |
| next accessible issuer or DSE copy | Readable AFRIPRISE Q2 primary filing | The Wire surfaced a corporate PDF, but no Q2 figure is promoted until the filing can be opened and checked directly. |
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 (5 Aug 2026); rates, reserves 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 CMSA annual-report card was omitted because the feed exposed no substantive figures, findings or rule changes. The AFRIPRISE Q2 card was omitted because the corporate PDF could not be opened in either governed research path; no candidate-card figure is promoted. The DSEI and TSI split is preserved rather than compressed into one market direction. The dated interbank and Treasury-bill observations are not presented as a same-day curve. The reserve visual expresses each disclosed month threshold as a share of the six-month SADC benchmark; it does not change the underlying 4.0, 4.3, 4.5 or 6.0-month observations. No foreign-flow split is inferred from the official DSE snapshot. Undated checkpoints remain explicitly undated. For live levels see Markets.