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Permanent edition · Vol. I · No. 238

The Brief

Friday, 28 August 2026

A frozen reading of Tanzania's markets, capital and policy. Figures remain bound to their stated observations; this archive never inherits a newer market tape.

DSE All-Share

4,385.06

As at DSEI · 27 Aug close

Tanzania Share Index

9,728.95

As at TSI · 27 Aug close

USD / TZS

2,643.26

As at BoT mean · 28 Aug sheet

BoT rate

6.25%

As at CBR · Q3 2026

Inflation

4.2%

As at NBS · July 2026 headline

This edition in 60 seconds

  1. 01DSE index returns went unavailable as NMB carried 89.8% of turnover
  2. 02NMB supplied almost nine tenths of verified equity turnover
  3. 03Every Treasury bill tenor cleared below the preceding auction

Index basis break, concentrated liquidity and official macro evidence

DSE index returns went unavailable as NMB carried 89.8% of turnover

Signal

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.

Why it matters

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

What to watch

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

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 27 Aug 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.

Equity liquidity

NMB supplied almost nine tenths of verified equity turnover

Signal

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

Why it matters

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

What to watch

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

Sovereign rates

Every Treasury bill tenor cleared below the preceding auction

Signal

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

Why it matters

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.

What to watch

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

Foreign exchange

USD/TZS held after a small one-day decline

Signal

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

Why it matters

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

What to watch

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

The Ghost · edition context

The model-book allocation read

The Ghost’s hypothetical model ledger is +11.88% since inception at its 2026-08-27 mark. NMB’s stronger close affected the model record, while cross-break index returns remain unavailable.

Open the current Ghost tracker →

What this edition watched

  1. DSE index methodology

    Determines whether returns across the 26 August scale discontinuity can be restored.

    At the next official DSE notice

  2. Next verified DSE close

    Tests whether turnover broadens beyond NMB and whether market breadth improves.

    After official DSE publication

  3. Treasury bill auction

    Tests whether the decline across all four tenors persists.

    At the next dated BoT result

  4. USD/TZS mean

    Tests whether the official mean moves beyond its narrow recent range.

    At the next dated BoT sheet

Information and education only, not advice or a forecast. Market figures cover the DSE verified close of 27 Aug 2026. Other observations retain their own source dates.