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, 11 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 2026-08-11 covered session
Only declared transformations and compatible comparisons are enabled. The exact state is retained in the URL.
Reuse package · edition 2026-08-11-ffd29f13b329
| Date | Relationship | Cumulative gap (pp) |
|---|---|---|
| 2026-05-14 | Cumulative TSI minus DSEI | 0 |
| 2026-05-15 | Cumulative TSI minus DSEI | -0.03 |
| 2026-05-18 | Cumulative TSI minus DSEI | 0.09 |
| 2026-05-19 | Cumulative TSI minus DSEI | 0.13 |
| 2026-05-20 | Cumulative TSI minus DSEI | 0.26 |
| 2026-05-21 | Cumulative TSI minus DSEI | 0.53 |
| 2026-05-22 | Cumulative TSI minus DSEI | 0.57 |
| 2026-05-25 | Cumulative TSI minus DSEI | 1.11 |
| 2026-05-26 | Cumulative TSI minus DSEI | 1.28 |
| 2026-05-28 | Cumulative TSI minus DSEI | 1.57 |
| 2026-05-29 | Cumulative TSI minus DSEI | 1.48 |
| 2026-06-01 | Cumulative TSI minus DSEI | 1.59 |
| 2026-06-02 | Cumulative TSI minus DSEI | 1.93 |
| 2026-06-03 | Cumulative TSI minus DSEI | 1.68 |
| 2026-06-04 | Cumulative TSI minus DSEI | 1.79 |
| 2026-06-05 | Cumulative TSI minus DSEI | 1.97 |
| 2026-06-08 | Cumulative TSI minus DSEI | 1.81 |
| 2026-06-09 | Cumulative TSI minus DSEI | 1.53 |
| 2026-06-10 | Cumulative TSI minus DSEI | 1.14 |
| 2026-06-11 | Cumulative TSI minus DSEI | 0.95 |
| 2026-06-12 | Cumulative TSI minus DSEI | 0.62 |
| 2026-06-15 | Cumulative TSI minus DSEI | 0.23 |
| 2026-06-16 | Cumulative TSI minus DSEI | 0.38 |
| 2026-06-17 | Cumulative TSI minus DSEI | 0.29 |
| 2026-06-18 | Cumulative TSI minus DSEI | -0.21 |
| 2026-06-19 | Cumulative TSI minus DSEI | -0.08 |
| 2026-06-22 | Cumulative TSI minus DSEI | 0.3 |
| 2026-06-23 | Cumulative TSI minus DSEI | 0.09 |
| 2026-06-24 | Cumulative TSI minus DSEI | -0.01 |
| 2026-06-25 | Cumulative TSI minus DSEI | -0.98 |
| 2026-06-26 | Cumulative TSI minus DSEI | -1.54 |
| 2026-06-29 | Cumulative TSI minus DSEI | -1.61 |
| 2026-06-30 | Cumulative TSI minus DSEI | -1.33 |
| 2026-07-01 | Cumulative TSI minus DSEI | -0.61 |
| 2026-07-02 | Cumulative TSI minus DSEI | -0.82 |
| 2026-07-03 | Cumulative TSI minus DSEI | -0.52 |
| 2026-07-06 | Cumulative TSI minus DSEI | -0.35 |
| 2026-07-08 | Cumulative TSI minus DSEI | -0.58 |
| 2026-07-09 | Cumulative TSI minus DSEI | -0.57 |
| 2026-07-10 | Cumulative TSI minus DSEI | -0.56 |
| 2026-07-13 | Cumulative TSI minus DSEI | -0.58 |
| 2026-07-14 | Cumulative TSI minus DSEI | -0.78 |
| 2026-07-15 | Cumulative TSI minus DSEI | -0.61 |
| 2026-07-16 | Cumulative TSI minus DSEI | -0.81 |
| 2026-07-17 | Cumulative TSI minus DSEI | -0.71 |
| 2026-07-20 | Cumulative TSI minus DSEI | -0.68 |
| 2026-07-21 | Cumulative TSI minus DSEI | -0.52 |
| 2026-07-22 | Cumulative TSI minus DSEI | -0.43 |
| 2026-07-23 | Cumulative TSI minus DSEI | -0.32 |
| 2026-07-24 | Cumulative TSI minus DSEI | -1.43 |
| 2026-07-27 | Cumulative TSI minus DSEI | -0.43 |
| 2026-07-28 | Cumulative TSI minus DSEI | -0.03 |
| 2026-07-29 | Cumulative TSI minus DSEI | 0.06 |
| 2026-07-30 | Cumulative TSI minus DSEI | 0.04 |
| 2026-07-31 | Cumulative TSI minus DSEI | 0.11 |
| 2026-08-03 | Cumulative TSI minus DSEI | 0.02 |
| 2026-08-04 | Cumulative TSI minus DSEI | -0.1 |
| 2026-08-05 | Cumulative TSI minus DSEI | -0.32 |
| 2026-08-06 | Cumulative TSI minus DSEI | N/A |
| 2026-08-07 | Cumulative TSI minus DSEI | -0.65 |
| 2026-08-10 | Cumulative TSI minus DSEI | -0.28 |
| 2026-08-11 | Cumulative TSI minus DSEI | -0.04 |
2026-08-11-ffd29f13b329 · 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 →
4,157.76 fell 0.65% and 9,169.38 0.41%; the board counted 10 decliners against seven advancers.
NMB and CRDB supplied TZS 3.469bn, or 87.6%, of TZS 3.960bn equity turnover.
The 12 August close tests whether breadth and turnover distribution recover together.
4,157.76 fell 0.65% and 9,169.38 0.41% at the verified 11 August close.
The synchronized decline replaced Monday’s shared advance; one session does not establish a trend.
The next verified close tests whether both indices remain aligned or separate again.
A free daily Tanzania market-intelligence note covering DSE moves, rates, FX, policy, macro signals and what to watch next.
NMB supplied TZS 2.026bn and CRDB TZS 1.443bn of TZS 3.960bn equity turnover.
Twenty counters traded, but the two-bank share kept capital distribution much narrower than participation.
The next session tests whether value spreads beyond the two banks while traded-counter breadth holds.
MKCB rose 3.48%, while SWIS fell 10.69%; verified movers occupied both sides of zero.
Ten decliners against seven advancers made the board decline-led even as three traded counters gained more than 1%.
The next verified board tests whether the negative tail narrows and participation broadens.
BoT’s notice register dates the sovereign-curve launch to 5 August and the FX amendment to 6 August.
The curve improves price reference; unreadable operative FX clauses leave easing or tightening undetermined.
The next legible official instrument must establish the FX amendment’s scope, thresholds and effective mechanics.
The Ghost’s hypothetical TZS 500m model ledger is +8.51% since inception at its 11 Aug mark. Decline-led breadth and two-bank turnover concentration update the observable terrain; 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 12 Aug session | DSE direction and turnover distribution | Both headline indices fell on 11 August while NMB and CRDB supplied 87.6% of equity turnover. |
| 12 Aug 2026 · result not posted at morning cutoff | Bank of Tanzania Treasury-bill auction result | A new official result would refresh short-end auction yields; auction observations remain separate from the fitted curve. |
| next legible official instrument · date not announced | Foreign Exchange Regulations amendment | The notice register confirms an amendment, but its direction, thresholds and operative mechanics remain unavailable. |
| 13 Aug 2026 · SADC preliminary statement 15 Aug | Zambia general election | The observer statement is the dated regional-governance checkpoint; no result is assumed in advance. |
| 8 Sep 2026 | Next Tanzania inflation release | July transport inflation reached 13.8%; the next release tests whether that pressure broadens or eases. |
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, mover and turnover figures reconcile to the DSE verified close (11 Aug 2026). The 12 August USD/TZS mean and Q3 2026 CBR are separately dated Bank of Tanzania records. July inflation is the National Bureau of Statistics release dated 10 August. The current Wire handoff was read first: its official TRA trucker-commendation item was dated 7 August and carried no published policy mechanics, so it was not promoted. Its FX-amendment candidate is reflected only to the extent that the official BoT notice register confirms the instrument; no easing, tightening, threshold or effective-date claim is inferred. The sovereign-curve launch is a price-reference record, not a funding event, and auction observations remain separate from fitted curve points. No foreign-flow split, 12 August auction result or same-day DSE close is inferred. Undated checkpoints remain explicitly undated. For live levels, see Markets.