The Brief

4,385.06 and 9,728.95 are official 27 August levels, but cross-break returns are unavailable; NMB carried 89.8% of TZS 21.586bn.

A dominant block lifted headline turnover without broad liquidity, while 11 of 20 traded counters declined.

An official DSE methodology notice is required before returns across the 26 August scale break can resume.

NMB supplied TZS 19.386bn of the verified TZS 21.586bn equity turnover on 27 August.

Twenty counters traded, but NMB carried 89.8% of value as 4 advanced, 11 declined and 5 were unchanged.

The next verified close tests whether value spreads beyond one counter and whether breadth improves.

Auction 1205 yields fell by 3.56 to 12.57 basis points across the 35-day, 91-day, 182-day and 364-day tenors.

The 364-day yield closed at 6.6492%, 39.9 basis points above the 6.25% CBR. One auction does not establish a lasting cycle.

The next dated BoT bill auction tests whether the all-tenor decline persists.

The BoT USD/TZS mean held at 2,643.2595 on 28 August after declining 0.06% from 2,644.9013 on 26 August.

The latest mean sat 0.1792 shillings above the 30-day low. A small daily move does not establish a currency regime.

The next dated BoT sheet tests whether the mean moves beyond its narrow recent range.