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, 12 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 2026-08-12 covered session
Only declared transformations and compatible comparisons are enabled. The exact state is retained in the URL.
Reuse package · edition 2026-08-12-3d99d4846b7b
| Date | Relationship | Cumulative gap (pp) |
|---|---|---|
| 2026-05-15 | Cumulative TSI minus DSEI | 0 |
| 2026-05-18 | Cumulative TSI minus DSEI | 0.12 |
| 2026-05-19 | Cumulative TSI minus DSEI | 0.17 |
| 2026-05-20 | Cumulative TSI minus DSEI | 0.29 |
| 2026-05-21 | Cumulative TSI minus DSEI | 0.57 |
| 2026-05-22 | Cumulative TSI minus DSEI | 0.6 |
| 2026-05-25 | Cumulative TSI minus DSEI | 1.14 |
| 2026-05-26 | Cumulative TSI minus DSEI | 1.31 |
| 2026-05-28 | Cumulative TSI minus DSEI | 1.61 |
| 2026-05-29 | Cumulative TSI minus DSEI | 1.52 |
| 2026-06-01 | Cumulative TSI minus DSEI | 1.62 |
| 2026-06-02 | Cumulative TSI minus DSEI | 1.96 |
| 2026-06-03 | Cumulative TSI minus DSEI | 1.72 |
| 2026-06-04 | Cumulative TSI minus DSEI | 1.82 |
| 2026-06-05 | Cumulative TSI minus DSEI | 2.01 |
| 2026-06-08 | Cumulative TSI minus DSEI | 1.85 |
| 2026-06-09 | Cumulative TSI minus DSEI | 1.56 |
| 2026-06-10 | Cumulative TSI minus DSEI | 1.18 |
| 2026-06-11 | Cumulative TSI minus DSEI | 0.98 |
| 2026-06-12 | Cumulative TSI minus DSEI | 0.66 |
| 2026-06-15 | Cumulative TSI minus DSEI | 0.26 |
| 2026-06-16 | Cumulative TSI minus DSEI | 0.41 |
| 2026-06-17 | Cumulative TSI minus DSEI | 0.33 |
| 2026-06-18 | Cumulative TSI minus DSEI | -0.17 |
| 2026-06-19 | Cumulative TSI minus DSEI | -0.05 |
| 2026-06-22 | Cumulative TSI minus DSEI | 0.33 |
| 2026-06-23 | Cumulative TSI minus DSEI | 0.13 |
| 2026-06-24 | Cumulative TSI minus DSEI | 0.03 |
| 2026-06-25 | Cumulative TSI minus DSEI | -0.95 |
| 2026-06-26 | Cumulative TSI minus DSEI | -1.51 |
| 2026-06-29 | Cumulative TSI minus DSEI | -1.57 |
| 2026-06-30 | Cumulative TSI minus DSEI | -1.3 |
| 2026-07-01 | Cumulative TSI minus DSEI | -0.58 |
| 2026-07-02 | Cumulative TSI minus DSEI | -0.79 |
| 2026-07-03 | Cumulative TSI minus DSEI | -0.48 |
| 2026-07-06 | Cumulative TSI minus DSEI | -0.32 |
| 2026-07-08 | Cumulative TSI minus DSEI | -0.55 |
| 2026-07-09 | Cumulative TSI minus DSEI | -0.53 |
| 2026-07-10 | Cumulative TSI minus DSEI | -0.53 |
| 2026-07-13 | Cumulative TSI minus DSEI | -0.55 |
| 2026-07-14 | Cumulative TSI minus DSEI | -0.74 |
| 2026-07-15 | Cumulative TSI minus DSEI | -0.58 |
| 2026-07-16 | Cumulative TSI minus DSEI | -0.78 |
| 2026-07-17 | Cumulative TSI minus DSEI | -0.68 |
| 2026-07-20 | Cumulative TSI minus DSEI | -0.64 |
| 2026-07-21 | Cumulative TSI minus DSEI | -0.48 |
| 2026-07-22 | Cumulative TSI minus DSEI | -0.39 |
| 2026-07-23 | Cumulative TSI minus DSEI | -0.29 |
| 2026-07-24 | Cumulative TSI minus DSEI | -1.39 |
| 2026-07-27 | Cumulative TSI minus DSEI | -0.4 |
| 2026-07-28 | Cumulative TSI minus DSEI | -0 |
| 2026-07-29 | Cumulative TSI minus DSEI | 0.09 |
| 2026-07-30 | Cumulative TSI minus DSEI | 0.07 |
| 2026-07-31 | Cumulative TSI minus DSEI | 0.14 |
| 2026-08-03 | Cumulative TSI minus DSEI | 0.05 |
| 2026-08-04 | Cumulative TSI minus DSEI | -0.07 |
| 2026-08-05 | Cumulative TSI minus DSEI | -0.28 |
| 2026-08-06 | Cumulative TSI minus DSEI | N/A |
| 2026-08-07 | Cumulative TSI minus DSEI | -0.62 |
| 2026-08-10 | Cumulative TSI minus DSEI | -0.24 |
| 2026-08-11 | Cumulative TSI minus DSEI | -0.01 |
| 2026-08-12 | Cumulative TSI minus DSEI | -0.21 |
2026-08-12-3d99d4846b7b · 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 →
4,177.96 rose 0.49% and 9,194.86 0.28%; the board counted 11 advancers against five decliners.
NMB supplied TZS 3.504bn, or 72.5%, of TZS 4.832bn equity turnover.
The 13 August close tests whether breadth and turnover distribution remain aligned.
4,177.96 rose 0.49% and 9,194.86 0.28% at the verified 12 August close.
Eleven advancers against five decliners made the rebound broader in direction than in money.
The next verified close tests whether both indices stay aligned and breadth holds.
A free daily Tanzania market-intelligence note covering DSE moves, rates, FX, policy, macro signals and what to watch next.
NMB supplied TZS 3.504bn and CRDB TZS 0.894bn of TZS 4.832bn equity turnover.
Twenty-one counters traded, but the two-bank share left only 9.0% of value for all other counters.
The next session tests whether value spreads beyond the two banks while participation holds.
SWIS rose 10.68% while MCB fell 4.21%; verified changes spanned both sides of zero.
NMG’s 3.70% quoted rise carried zero turnover, keeping quoted direction separate from traded liquidity.
The next board tests whether the positive tail broadens without a deeper negative tail.
The 91-day WAR rose about 9bp to 3.44%, while the 364-day WAR fell about 29bp to 6.74%.
The mixed move modestly flattened the observed bill segment; it was an auction result, not a CBR change.
The next official bill result will test whether the mixed repricing persists.
The Ghost’s hypothetical TZS 500m model ledger is +8.62% since inception at its 12 Aug mark. Advance-led breadth, concentrated turnover and mixed bill repricing 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 13 Aug session | DSE breadth and turnover distribution | Both headline indices rose on 12 August while NMB supplied 72.5% of equity turnover. |
| official result date not yet recorded in the governed feed | Next Bank of Tanzania Treasury-bill result | The 91-day and 182-day WARs rose while the 364-day WAR fell in the 12 August observation. |
| outcome date not announced | Government consultation with cement producers | The reported meeting introduces a policy checkpoint for TPCC and TCCL, but no cap or relief measure has been set. |
| 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 (12 Aug 2026). The 13 August USD/TZS mean and Q3 2026 CBR are separately dated Bank of Tanzania records; the FX value and sheet date come only from the exact governed fx.json observation. July inflation is the National Bureau of Statistics release dated 10 August. The current Wire handoff was read first. Its two primary-grade TRA items supplied no quantified measure, threshold or operative mechanism, so neither was promoted into a Brief story; the omission is deliberate. The reported cement-producer meeting remains a watch item because no price cap, input-cost relief or other intervention has been announced. Treasury-bill weighted-average yields are auction observations and remain separate from the fitted sovereign curve and the CBR. No foreign-flow split, same-day DSE close, administered cement price or undated bill-auction result is inferred. Undated checkpoints remain explicitly undated. For live levels, see Markets.