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, 3 September 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 2026-09-03 covered session
Only declared transformations and compatible comparisons are enabled. The exact state is retained in the URL.
Reuse package · edition 2026-09-03-28089d4b7ad1
| Date | Relationship | Cumulative gap (pp) |
|---|---|---|
| 2026-06-08 | Cumulative TSI minus DSEI | 0 |
| 2026-06-09 | Cumulative TSI minus DSEI | -0.29 |
| 2026-06-10 | Cumulative TSI minus DSEI | -0.67 |
| 2026-06-11 | Cumulative TSI minus DSEI | -0.87 |
| 2026-06-12 | Cumulative TSI minus DSEI | -1.19 |
| 2026-06-15 | Cumulative TSI minus DSEI | -1.59 |
| 2026-06-16 | Cumulative TSI minus DSEI | -1.43 |
| 2026-06-17 | Cumulative TSI minus DSEI | -1.52 |
| 2026-06-18 | Cumulative TSI minus DSEI | -2.02 |
| 2026-06-19 | Cumulative TSI minus DSEI | -1.9 |
| 2026-06-22 | Cumulative TSI minus DSEI | -1.52 |
| 2026-06-23 | Cumulative TSI minus DSEI | -1.72 |
| 2026-06-24 | Cumulative TSI minus DSEI | -1.82 |
| 2026-06-25 | Cumulative TSI minus DSEI | -2.8 |
| 2026-06-26 | Cumulative TSI minus DSEI | -3.36 |
| 2026-06-29 | Cumulative TSI minus DSEI | -3.42 |
| 2026-06-30 | Cumulative TSI minus DSEI | -3.15 |
| 2026-07-01 | Cumulative TSI minus DSEI | -2.43 |
| 2026-07-02 | Cumulative TSI minus DSEI | -2.64 |
| 2026-07-03 | Cumulative TSI minus DSEI | -2.33 |
| 2026-07-06 | Cumulative TSI minus DSEI | -2.17 |
| 2026-07-08 | Cumulative TSI minus DSEI | -2.4 |
| 2026-07-09 | Cumulative TSI minus DSEI | -2.38 |
| 2026-07-10 | Cumulative TSI minus DSEI | -2.38 |
| 2026-07-13 | Cumulative TSI minus DSEI | -2.4 |
| 2026-07-14 | Cumulative TSI minus DSEI | -2.59 |
| 2026-07-15 | Cumulative TSI minus DSEI | -2.43 |
| 2026-07-16 | Cumulative TSI minus DSEI | -2.63 |
| 2026-07-17 | Cumulative TSI minus DSEI | -2.52 |
| 2026-07-20 | Cumulative TSI minus DSEI | -2.49 |
| 2026-07-21 | Cumulative TSI minus DSEI | -2.33 |
| 2026-07-22 | Cumulative TSI minus DSEI | -2.24 |
| 2026-07-23 | Cumulative TSI minus DSEI | -2.14 |
| 2026-07-24 | Cumulative TSI minus DSEI | -3.24 |
| 2026-07-27 | Cumulative TSI minus DSEI | -2.25 |
| 2026-07-28 | Cumulative TSI minus DSEI | -1.85 |
| 2026-07-29 | Cumulative TSI minus DSEI | -1.76 |
| 2026-07-30 | Cumulative TSI minus DSEI | -1.78 |
| 2026-07-31 | Cumulative TSI minus DSEI | -1.71 |
| 2026-08-03 | Cumulative TSI minus DSEI | -1.79 |
| 2026-08-04 | Cumulative TSI minus DSEI | -1.91 |
| 2026-08-05 | Cumulative TSI minus DSEI | -2.13 |
| 2026-08-06 | Cumulative TSI minus DSEI | N/A |
| 2026-08-07 | Cumulative TSI minus DSEI | -2.47 |
| 2026-08-10 | Cumulative TSI minus DSEI | -2.09 |
| 2026-08-11 | Cumulative TSI minus DSEI | -1.86 |
| 2026-08-12 | Cumulative TSI minus DSEI | -2.06 |
| 2026-08-13 | Cumulative TSI minus DSEI | -2.14 |
| 2026-08-14 | Cumulative TSI minus DSEI | -1.89 |
| 2026-08-17 | Cumulative TSI minus DSEI | -2.08 |
| 2026-08-18 | Cumulative TSI minus DSEI | -2.19 |
| 2026-08-19 | Cumulative TSI minus DSEI | -2.47 |
| 2026-08-20 | Cumulative TSI minus DSEI | -2.34 |
| 2026-08-21 | Cumulative TSI minus DSEI | -2.41 |
| 2026-08-24 | Cumulative TSI minus DSEI | -2.03 |
| 2026-08-26 | Cumulative TSI minus DSEI | -1.51 |
| 2026-08-27 | Cumulative TSI minus DSEI | N/A |
| 2026-08-28 | Cumulative TSI minus DSEI | -0.86 |
| 2026-08-31 | Cumulative TSI minus DSEI | N/A |
| 2026-09-01 | Cumulative TSI minus DSEI | -1.26 |
| 2026-09-02 | Cumulative TSI minus DSEI | -2.31 |
| 2026-09-03 | Cumulative TSI minus DSEI | -3.39 |
2026-09-03-28089d4b7ad1 · 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 →
DSEI rose 0.61% and TSI fell 0.47% from 2 September to 3 September.
The two indices cover different groups of shares. Their split direction did not describe one uniform market move.
The next verified close tests whether the two index directions converge.
A free daily Tanzania market-intelligence note covering DSE moves, rates, FX, policy, macro signals and what to watch next.
The bank supplied TZS 32.982bn of the verified TZS 42.930bn equity turnover.
Twenty counters traded, but CRDB, Tanzania Breweries and NMB supplied 98.8% of the value. The total did not show broad liquidity.
The next verified close tests whether trading value spreads beyond the three counters.
A 3 September government-signal report called for urgent action on cement prices. The report gave no rule, price cap, subsidy or timetable.
TPCC and TCCL are listed cement producers. The statement alone does not establish a change in their costs, prices or earnings.
A published instrument or input-cost review would show what could change for producers and buyers.
The BoT mean was 2,638.9608 TZS per United States dollar on 4 September, unchanged from the recorded 3 September value.
The latest mean remained inside the recent 30-observation range. An unchanged daily reading does not establish a lasting trend.
The next dated BoT sheet tests whether the mean remains inside its recent range.
The Ghost hypothetical model ledger is +12.04% since inception at its 3 September mark. Thursday's NMB close affected the model record, while the model remains an educational illustration.
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 official DSE publication | Next verified DSE close | Tests whether index direction and trading value become broader. |
| At a published instrument or cost review | Cement-price follow-through | The exact mechanism is needed before assessing effects on producer costs, prices or earnings. |
| At a readable primary filing or issuer release | TCC half-year figures | Confirmed revenue, profit, margin and dividend fields are needed before drawing an earnings conclusion. |
| At the next dated BoT sheet | USD/TZS mean | Tests whether the official mean remains inside its recent range. |
A free daily Tanzania market-intelligence note covering DSE moves, rates, FX, policy, macro signals and what to watch next.
Information and education only, not advice or a forecast. Market figures cover the DSE verified close of 3 Sep 2026. Other observations retain their own source dates.