DSE All-Share
4,182.69
As at DSEI · 4 Aug close · latest verified
Vol. I · No. 217 · Wednesday, 5 August 2026
The Brief
A daily reading of the forces shaping Tanzania's economy, markets and statecraft — and the world that moves them. Information and education, never advice.
Tanzania Share Index
9,179.14
As at TSI · 4 Aug close · domestic board
USD / TZS
2,643.57
As at BoT mean · 5 Aug sheet
BoT rate
6.25%
As at CBR · Q3 2026
Inflation
4.0%
As at NBS · June 2026 headline
Verified close
Breadth balanced, but CRDB and NMB still carried 73.0% of turnover
Signal
4,182.69 fell 0.11% and 9,179.14 0.23%; TZS 5.059bn traded, with 73.0% in CRDB and NMB.
Why it matters
Twenty-one of 28 names traded and advancers matched decliners at eight each. Participation improved, but the distribution of money remained concentrated.
What to watch
Whether the 5 August verified close preserves balanced breadth while value spreads beyond the two leading banks.
Did the domestic market and the headline index tell the same story over the covered quarter?
The domestic market against the headline index
As at 4 Aug 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
The Daily Brief
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Tanzania market intelligence covering the verified close, rates, FX, policy and what to watch next. Information and education only.
Tape
Three counters supplied 84.1% of the verified session's turnover
- CRDBTZS 2.11bn41.6% disclosed concentration
- NMBTZS 1.59bn31.4% disclosed concentration
- VodacomTZS 0.56bn11% disclosed concentration
- Other countersTZS 0.81bn15.9% disclosed concentration
| Observation | Date | Value |
|---|---|---|
| CRDB | 2026-08-04 | TZS 2.11bn |
| NMB | 2026-08-04 | TZS 1.59bn |
| Vodacom | 2026-08-04 | TZS 0.56bn |
| Other counters | 2026-08-04 | TZS 0.81bn |
Evidence
CRDB supplied 41.6%, NMB 31.4% and Vodacom 11.0% of TZS 5.059bn in verified equity turnover.
What it means
Twenty-one counters traded, yet the top three supplied 84.1% of value. Counter participation and the distribution of distributable liquidity remained different signals.
Next test
Next scheduled DSE session tests whether turnover broadens
5 Aug 2026 · inferred cadence
Source: DSE
Go deeper →The Ghost
The model-book allocation
Visual summary
Book, benchmarks and what moved it
The Ghost's hypothetical TZS 500m model book is +8.16% since inception at its 4 Aug mark. Balanced breadth, concentrated turnover, split rate signals and small two-way FX moves update the risk map — not trades.
Model return+8.07%Modified Dietz · since 6 Jun 2026
Hypothetical NAVTZS 554.7m
Contributed capitalTZS 514m
Market P&L+40.7m
01 · Relative paths
Return since inception
8 Jun 2026–5 Aug 2026
DSEIheadline+6.27%
Ghostmodel+8.07%
TSIdomestic+4.03%
DSEI is the all-share headline; TSI covers domestic companies. They are context, not portfolio equivalents.
02 · Attribution
What moved market P&L
TZS millions
NMB Bank+24.3m
Vodacom Tanzania+18.3m
Income & ballast+2.1m
Tanzania Cigarette−0.1m
CRDB Bank−1.2m
Twiga Cement−2.8m
The bridge reconciles to TZS 40.7m. Savings are capital and never counted as performance.
Tape read: The hypothetical model book ended 4 August at +8.16% since inception. Balanced breadth sits beside concentrated equity turnover, while the interbank-to-bill gap and two-way FX changes keep funding and currency conditions visible. These are educational terrain observations, never positions or recommendations.
| Measure | Value | Period or unit |
|---|---|---|
| DSEI · headline | +6.27% | 8 Jun 2026–5 Aug 2026 |
| Ghost · model | +8.07% | 6 Jun 2026–5 Aug 2026 |
| TSI · domestic | +4.03% | 8 Jun 2026–5 Aug 2026 |
| NMB Bank contribution | +24.3m | TZS millions |
| Vodacom Tanzania contribution | +18.3m | TZS millions |
| Income & ballast contribution | +2.1m | TZS millions |
| Tanzania Cigarette contribution | −0.1m | TZS millions |
| CRDB Bank contribution | −1.2m | TZS millions |
| Twiga Cement contribution | −2.8m | TZS millions |
What to watch
DSE breadth and turnover distribution
The 4 August close had eight advancers and eight decliners, but CRDB and NMB still supplied 73.0% of equity turnover.
after the 5 Aug session
Next verified seven-day IBCM observation
The 4 August rate was 6.44%, 19bp above the 6.25% CBR and 37bp above the prior observation.
next BoT dashboard observation
EASEA implementation evidence
The 50 million-investor goal remains a strategy until a ratified rule change, named pilot or executable cross-listing pipeline appears.
date not announced
Next official BoT indicative-rate sheet
The 5 August USD/TZS mean fell 0.10% after a 0.02% rise; the next observation tests whether that reversal extends.
date not asserted
Next verified BoT Treasury-bill result
Auction No. 1203 remains the latest verified result, with the 91-day yield about 290bp below the 6.25% CBR.
date not announced
Compiled from public sources for information and education only — not investment advice, a forecast or a recommendation. Equity, index, breadth and turnover figures reconcile to the DSE verified close (4 Aug 2026); rates and FX use Bank of Tanzania publications, and inflation uses NBS. The current Wire hand-off was read first and contained two primary-grade cards. The EASEA strategy card was retained after primary-source review; its 50 million target is not treated as binding capital or a ratified rule change. The TCC filing card was omitted because its primary PDF exposed no machine-extractable financial figures; no earnings inference is made. The 5 August USD/TZS observation is kept separate from the 4 August DSE close, and the dated interbank and Treasury-bill observations are not presented as a same-day curve. No foreign-flow split is inferred from the official DSE snapshot. Undated checkpoints remain explicitly undated. For live levels see Markets.
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