The close, explained

The closing scoreboard

Equity closes: Dar es Salaam Stock Exchange official daily report, 17 Aug. Index observations retain the independently published dates shown on their tiles.

The close in five reads

The session card; built to be screenshotted and shared. Every figure is the verified close.

Breadth

Advance-led. 16 advanced · 5 declined · 7 unchanged · 8 did not trade.

Breadth counts every counter on the board, including the 8 that did not trade. Names flagged no trade carry a published closing price move on zero turnover; the exchange marked a reference price, but nothing changed hands. They count in breadth; they are not liquidity. A headline index can rise on a narrow tape; breadth is how you tell.

The market under the index

Every counter on the board, grouped by sector. Colour is the session's price move; grey is a counter that did not trade at all. Numbers 1 to 3 mark the turnover leaders.

Colour is the published price move; the hatch marks a counter that did not trade. These are two different facts and the map keeps them apart: EABL +0.2% and KA +9.1% and NMG −3.6% closed with a price move on zero turnover; a reference mark, not a transaction. Counted in breadth, but it is not liquidity. Tiles are equal-sized on purpose: scaling them by turnover would render one rectangle and 27 slivers; dramatic, and unreadable. The index moved +0.38% while 8 of 28 counters never traded at all. That gap is what this map is for.

Headline versus domestic

Headline and domestic agreed: this was a market move, not an artefact of the cross-listed names. Recent paths are shown in the governed visual investigation above.

Where the money went

Turnover by sector, official close 17 Aug. No turnover at all in Other, Energy.

The names that mattered

The last five closes

Top-name share is the single largest counter's slice of that session's turnover. Read down the column: it is the clearest measure of whether this market is broadening or narrowing.

How The Ghost reads this

The Ghost is KCP's hypothetical, educational model book. It does not trade a close; it reads what a session like this does to the terrain: whether breadth is confirming the index, what turnover concentration says about how much size this market can actually absorb, and where the hurdle rate leaves equity risk. A tape this concentrated; NMB at 62.6% of the session; is exactly the kind of close it treats as information about depth, not as a verdict on the market.

How the equity terrain absorbs a close like this →  ·  The Ghost’s tape →  ·  Where the model book stands →

The Ghost is a hypothetical model portfolio used to teach market structure. Not advice, not a recommendation, never a live track record.

Recent closes

Dates link to that session's Brief where one was published. The archive begins with the sessions we hold verified; we do not backfill closes we cannot source.