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 Thursday, 13 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 2026-08-13 covered session
Only declared transformations and compatible comparisons are enabled. The exact state is retained in the URL.
Reuse package · edition 2026-08-13-f3640d16d172
| Date | Relationship | Cumulative gap (pp) |
|---|---|---|
| 2026-05-18 | Cumulative TSI minus DSEI | 0 |
| 2026-05-19 | Cumulative TSI minus DSEI | 0.05 |
| 2026-05-20 | Cumulative TSI minus DSEI | 0.17 |
| 2026-05-21 | Cumulative TSI minus DSEI | 0.44 |
| 2026-05-22 | Cumulative TSI minus DSEI | 0.48 |
| 2026-05-25 | Cumulative TSI minus DSEI | 1.02 |
| 2026-05-26 | Cumulative TSI minus DSEI | 1.19 |
| 2026-05-28 | Cumulative TSI minus DSEI | 1.48 |
| 2026-05-29 | Cumulative TSI minus DSEI | 1.39 |
| 2026-06-01 | Cumulative TSI minus DSEI | 1.5 |
| 2026-06-02 | Cumulative TSI minus DSEI | 1.84 |
| 2026-06-03 | Cumulative TSI minus DSEI | 1.59 |
| 2026-06-04 | Cumulative TSI minus DSEI | 1.7 |
| 2026-06-05 | Cumulative TSI minus DSEI | 1.89 |
| 2026-06-08 | Cumulative TSI minus DSEI | 1.73 |
| 2026-06-09 | Cumulative TSI minus DSEI | 1.44 |
| 2026-06-10 | Cumulative TSI minus DSEI | 1.06 |
| 2026-06-11 | Cumulative TSI minus DSEI | 0.86 |
| 2026-06-12 | Cumulative TSI minus DSEI | 0.54 |
| 2026-06-15 | Cumulative TSI minus DSEI | 0.14 |
| 2026-06-16 | Cumulative TSI minus DSEI | 0.29 |
| 2026-06-17 | Cumulative TSI minus DSEI | 0.2 |
| 2026-06-18 | Cumulative TSI minus DSEI | -0.3 |
| 2026-06-19 | Cumulative TSI minus DSEI | -0.17 |
| 2026-06-22 | Cumulative TSI minus DSEI | 0.21 |
| 2026-06-23 | Cumulative TSI minus DSEI | 0.01 |
| 2026-06-24 | Cumulative TSI minus DSEI | -0.1 |
| 2026-06-25 | Cumulative TSI minus DSEI | -1.07 |
| 2026-06-26 | Cumulative TSI minus DSEI | -1.63 |
| 2026-06-29 | Cumulative TSI minus DSEI | -1.69 |
| 2026-06-30 | Cumulative TSI minus DSEI | -1.42 |
| 2026-07-01 | Cumulative TSI minus DSEI | -0.7 |
| 2026-07-02 | Cumulative TSI minus DSEI | -0.91 |
| 2026-07-03 | Cumulative TSI minus DSEI | -0.6 |
| 2026-07-06 | Cumulative TSI minus DSEI | -0.44 |
| 2026-07-08 | Cumulative TSI minus DSEI | -0.67 |
| 2026-07-09 | Cumulative TSI minus DSEI | -0.65 |
| 2026-07-10 | Cumulative TSI minus DSEI | -0.65 |
| 2026-07-13 | Cumulative TSI minus DSEI | -0.67 |
| 2026-07-14 | Cumulative TSI minus DSEI | -0.87 |
| 2026-07-15 | Cumulative TSI minus DSEI | -0.7 |
| 2026-07-16 | Cumulative TSI minus DSEI | -0.9 |
| 2026-07-17 | Cumulative TSI minus DSEI | -0.8 |
| 2026-07-20 | Cumulative TSI minus DSEI | -0.76 |
| 2026-07-21 | Cumulative TSI minus DSEI | -0.6 |
| 2026-07-22 | Cumulative TSI minus DSEI | -0.52 |
| 2026-07-23 | Cumulative TSI minus DSEI | -0.41 |
| 2026-07-24 | Cumulative TSI minus DSEI | -1.52 |
| 2026-07-27 | Cumulative TSI minus DSEI | -0.52 |
| 2026-07-28 | Cumulative TSI minus DSEI | -0.12 |
| 2026-07-29 | Cumulative TSI minus DSEI | -0.03 |
| 2026-07-30 | Cumulative TSI minus DSEI | -0.05 |
| 2026-07-31 | Cumulative TSI minus DSEI | 0.02 |
| 2026-08-03 | Cumulative TSI minus DSEI | -0.07 |
| 2026-08-04 | Cumulative TSI minus DSEI | -0.19 |
| 2026-08-05 | Cumulative TSI minus DSEI | -0.4 |
| 2026-08-06 | Cumulative TSI minus DSEI | N/A |
| 2026-08-07 | Cumulative TSI minus DSEI | -0.74 |
| 2026-08-10 | Cumulative TSI minus DSEI | -0.37 |
| 2026-08-11 | Cumulative TSI minus DSEI | -0.13 |
| 2026-08-12 | Cumulative TSI minus DSEI | -0.34 |
| 2026-08-13 | Cumulative TSI minus DSEI | -0.41 |
2026-08-13-f3640d16d172 · 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 →
4,228.80 rose 1.22% and 9,299.64 1.14%; nine counters advanced against seven decliners.
NMB supplied TZS 2.817bn of TZS 4.262bn equity turnover; NMB and CRDB together carried 85.1%.
The 14 August close tests whether shared direction persists with broader turnover.
4,228.80 rose 1.22% and 9,299.64 1.14% at the verified 13 August close.
Nine counters rose and seven fell, while turnover stayed below its held-session median.
The 14 August close tests whether the shared direction persists with broader value.
A free daily Tanzania market-intelligence note covering DSE moves, rates, FX, policy, macro signals and what to watch next.
NMB supplied TZS 2.817bn and CRDB TZS 0.808bn of TZS 4.262bn equity turnover.
Twenty counters traded, but all counters outside the two banks supplied only 14.9% of value.
The next session tests whether value broadens beyond the two banks while participation holds.
PAL rose 13.33%, TCCL 8.03% and MCB fell 3.30%; verified changes crossed both sides of zero.
PAL's gain carried TZS 2.307m turnover, separating the quoted tail from where most money traded.
The next board tests whether the positive tail broadens without a deeper negative tail.
Q2 revenue rose 13%, operating profit 20% and EPS 6% year on year.
Operating margin reached 23.8%; the TZS 156.1bn dividend keeps cash conversion in the same read.
The full-year audited result is not yet dated; it will test margin and cash-flow continuity.
The Ghost's hypothetical TZS 500m model ledger is +8.95% since inception at its 13 Aug mark. Market breadth, concentrated turnover and TBL's operating leverage 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 14 Aug session | DSE breadth and turnover distribution | Both headline indices accelerated on 13 August while NMB supplied 66.1% of equity turnover. |
| official release date not yet recorded | TBL full-year audited result | Q2 operating profit grew faster than revenue, while the dividend keeps cash conversion in view. |
| 15 Aug 2026 | Zambia election observer statement | SADC's preliminary statement is the dated conduct checkpoint; no result is assumed in advance. |
| 19 Aug 2026 | Bank of Tanzania 15-year bond reopening | The official issuance calendar identifies the reopening; its result remains separate from the fitted curve. |
| 8 Sep 2026 | Next Tanzania inflation release | The July headline was 4.2%; the next release tests whether the observed price pattern changes. |
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 (13 Aug 2026). The 14 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. The TBL Q2 filing was promoted because it supplied quantified operating evidence. The TRA statement contained no quantified measure, the TBL Q1 filing was superseded by Q2, and the NICO H1 filing remains in the Wire because its fair-value and recurring-cash components require a fuller treatment; those omissions are deliberate. Treasury-bill auction observations remain separate from the fitted sovereign curve and the CBR. No foreign-flow split, same-day DSE close, future TBL margin, election result or undated corporate-result date is inferred. Undated checkpoints remain explicitly undated. For live levels, see Markets.