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.
Weekly overview; the week in review, frozen at Saturday’s publication and covering the 11 Sep 2026 verified close (the week’s last verified session). Its figures are frozen to that close; for today’s live moves see Markets.
The read: the Friday close, with the move across the whole week beside it; not the one-session change the daily Brief shows. The implication: the index level alone never says whether the week was broad or carried by a couple of names; breadth and turnover do.
What the index hid: highly concentrated; the single heaviest name took 73% of one session’s turnover. A week can look active and still be carried by one counter. Each close, fully broken down; After the Bell →
How to read this: short government paper is the opportunity cost of taking equity risk. Why it matters: the higher the front end sits, the more dividends, earnings growth and liquidity equities must deliver to clear it. Educational; not advice.
How to read this: each link carries its own authority and its own lag; FX moves daily, fuel caps monthly, food weekly, CPI monthly. Why it matters: this is the chain that turns a currency move into a cost-of-living move. Descriptive, not predictive; the links are shown, not forecast.
The week card; built to be screenshotted and shared. Every figure is computed from the verified record.
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 2026-09-11 covered session
Only declared transformations and compatible comparisons are enabled. The exact state is retained in the URL.
Reuse package · edition 2026-09-11-d78be2a3d2da
| Date | Relationship | Cumulative gap (pp) |
|---|---|---|
| 2026-06-15 | Cumulative TSI minus DSEI | 0 |
| 2026-06-16 | Cumulative TSI minus DSEI | 0.15 |
| 2026-06-17 | Cumulative TSI minus DSEI | 0.06 |
| 2026-06-18 | Cumulative TSI minus DSEI | -0.44 |
| 2026-06-19 | Cumulative TSI minus DSEI | -0.31 |
| 2026-06-22 | Cumulative TSI minus DSEI | 0.07 |
| 2026-06-23 | Cumulative TSI minus DSEI | -0.13 |
| 2026-06-24 | Cumulative TSI minus DSEI | -0.24 |
| 2026-06-25 | Cumulative TSI minus DSEI | -1.21 |
| 2026-06-26 | Cumulative TSI minus DSEI | -1.77 |
| 2026-06-29 | Cumulative TSI minus DSEI | -1.83 |
| 2026-06-30 | Cumulative TSI minus DSEI | -1.56 |
| 2026-07-01 | Cumulative TSI minus DSEI | -0.84 |
| 2026-07-02 | Cumulative TSI minus DSEI | -1.05 |
| 2026-07-03 | Cumulative TSI minus DSEI | -0.74 |
| 2026-07-06 | Cumulative TSI minus DSEI | -0.58 |
| 2026-07-08 | Cumulative TSI minus DSEI | -0.81 |
| 2026-07-09 | Cumulative TSI minus DSEI | -0.79 |
| 2026-07-10 | Cumulative TSI minus DSEI | -0.79 |
| 2026-07-13 | Cumulative TSI minus DSEI | -0.81 |
| 2026-07-14 | Cumulative TSI minus DSEI | -1.01 |
| 2026-07-15 | Cumulative TSI minus DSEI | -0.84 |
| 2026-07-16 | Cumulative TSI minus DSEI | -1.04 |
| 2026-07-17 | Cumulative TSI minus DSEI | -0.94 |
| 2026-07-20 | Cumulative TSI minus DSEI | -0.9 |
| 2026-07-21 | Cumulative TSI minus DSEI | -0.74 |
| 2026-07-22 | Cumulative TSI minus DSEI | -0.66 |
| 2026-07-23 | Cumulative TSI minus DSEI | -0.55 |
| 2026-07-24 | Cumulative TSI minus DSEI | -1.66 |
| 2026-07-27 | Cumulative TSI minus DSEI | -0.66 |
| 2026-07-28 | Cumulative TSI minus DSEI | -0.26 |
| 2026-07-29 | Cumulative TSI minus DSEI | -0.17 |
| 2026-07-30 | Cumulative TSI minus DSEI | -0.19 |
| 2026-07-31 | Cumulative TSI minus DSEI | -0.12 |
| 2026-08-03 | Cumulative TSI minus DSEI | -0.21 |
| 2026-08-04 | Cumulative TSI minus DSEI | -0.33 |
| 2026-08-05 | Cumulative TSI minus DSEI | -0.54 |
| 2026-08-06 | Cumulative TSI minus DSEI | N/A |
| 2026-08-07 | Cumulative TSI minus DSEI | -0.88 |
| 2026-08-10 | Cumulative TSI minus DSEI | -0.51 |
| 2026-08-11 | Cumulative TSI minus DSEI | -0.27 |
| 2026-08-12 | Cumulative TSI minus DSEI | -0.48 |
| 2026-08-13 | Cumulative TSI minus DSEI | -0.55 |
| 2026-08-14 | Cumulative TSI minus DSEI | -0.3 |
| 2026-08-17 | Cumulative TSI minus DSEI | -0.49 |
| 2026-08-18 | Cumulative TSI minus DSEI | -0.61 |
| 2026-08-19 | Cumulative TSI minus DSEI | -0.88 |
| 2026-08-20 | Cumulative TSI minus DSEI | -0.75 |
| 2026-08-21 | Cumulative TSI minus DSEI | -0.82 |
| 2026-08-24 | Cumulative TSI minus DSEI | -0.44 |
| 2026-08-26 | Cumulative TSI minus DSEI | 0.07 |
| 2026-08-27 | Cumulative TSI minus DSEI | N/A |
| 2026-08-28 | Cumulative TSI minus DSEI | 0.73 |
| 2026-08-31 | Cumulative TSI minus DSEI | N/A |
| 2026-09-01 | Cumulative TSI minus DSEI | 0.32 |
| 2026-09-02 | Cumulative TSI minus DSEI | -0.72 |
| 2026-09-03 | Cumulative TSI minus DSEI | -1.81 |
| 2026-09-04 | Cumulative TSI minus DSEI | -1.84 |
| 2026-09-07 | Cumulative TSI minus DSEI | -0.42 |
| 2026-09-08 | Cumulative TSI minus DSEI | 0.14 |
| 2026-09-09 | Cumulative TSI minus DSEI | 0.19 |
| 2026-09-10 | Cumulative TSI minus DSEI | 1.07 |
| 2026-09-11 | Cumulative TSI minus DSEI | 0.94 |
2026-09-11-d78be2a3d2da · 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.
Friday close: DSEI 4,658.31, TSI 10,400.36. Weekly trading value: TZS 61.068bn.
Higher indices did not establish deeper trading.
Next week: 18 September.
Both official share indices rose. DSEI gained 2.97% and TSI gained 5.84% from 4 to 11 September.
TSI tracks domestic listings. Its larger rise showed that the domestic market outpaced the broader index during this window.
Next verified index comparison.
A sourced review of the full Tanzania market week: the DSE tape and who actually carried it, rates, FX, policy, macro, companies; and what to watch next. Prefer the weekend digest to a daily note? Choose weekly only.
Five sessions recorded TZS 61.068bn in traded shares. This was 29.31% below the preceding five-session week.
Higher indices did not mean more money changed hands. Traded shares recorded 42 advances, 33 declines and 28 unchanged observations. These count each company separately each day, not distinct companies.
Next complete trading week.
The 9 September auction reported annual yields of 2.29%, 3.42%, 4.92% and 6.47% across the four tenors.
Yield expresses income relative to price on an annual basis. The comparison spans different maturities; it is not four interchangeable products.
Next official auction result.
The BoT mean moved from TZS 2,638.9608 to 2,637.9658 per US dollar between the two Fridays. That was a 0.04% decline.
A lower USD/TZS quote means fewer shillings per dollar. This small reference-rate move is distinct from a bank customer’s actual conversion rate.
Next dated BoT exchange-rate sheet.
July to August: headline inflation 4.2% to 4.3%; food inflation 4.1% to 3.7%, year on year.
Food prices rose more slowly. They did not fall.
Next monthly NBS CPI release.
Hypothetical Ghost: +16.89% since inception, marked 11 September.
Ghost relevance: The model book reads this week as an accounting lesson shown from its second side. All five equity holdings rose between the 4 and 11 September verified closes and no savings were contributed, so the whole of the rise in hypothetical value is market P&L rather than a deposit. The domestic Tanzania Share Index rose 5.84% against the All-Share's 2.97%, the reverse of last week, because the same cross-listed names that lifted the broader index then fell now; index scope, not a new market fact. Breadth stayed even at 10 counters up and 10 down on 29% lower turnover, and the largest model-book equity allocation passed 20% of the book, which is why the terrain observation here is concentration rather than confirmation. Educational terrain observations only, never positions or recommendations.
Open the Ghost tracker → The terrain it reads →How these were chosen: not hand-picked; the name that carried the tape, the week’s biggest gain and steepest fall, then the heaviest remaining names. Educational context only; not a recommendation, and never a price target.
The Ghost does not move because a week moved; it updates the model-book risk map. Where the book stands → · The terrain it reads →
| When | Event | Why it matters |
|---|---|---|
| Friday, 18 September | Trading value and participation | Compare five complete sessions. |
| Next official auction | Bill auction | Compare the same maturity. |
A sourced review of the full Tanzania market week: the DSE tape and who actually carried it, rates, FX, policy, macro, companies; and what to watch next. Prefer the weekend digest to a daily note? Choose weekly only.
Education only, not investment advice or a solicitation. Covered close: 11 Sep 2026. Weekly index endpoints: 4 and 11 September. Trading window: 7 to 11 September.