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KCP.

Tape method · five questions, one close

How to Read a DSE Close

A close is not one number. Read it as a sequence: direction → money traded → breadth → concentration → participation. Each step answers a different question, and none of them alone establishes value, liquidity or what happens next.

By the endRead a DSE close from index direction through turnover, breadth, concentration and participation without turning description into a forecast.
The mental modelWhich question does each layer of the close answer?
Direction

Compare DSEI and TSI on the same date.

Money

Measure total traded value against a declared reference.

Breadth

Count advancers against decliners among movers.

Concentration

Locate how much turnover sat in the leading name.

Participation

Keep zero-turnover counters visible.

Worked close · retained historical example

Read 10 Aug 2026 in five passes.

Verified DSE close · fixed vintage
  1. 01

    Direction

    ExplainDSEIDSE All Share IndexThe DSEI is the market-capitalisation-weighted index of all shares listed on the Dar es Salaam Stock Exchange, including cross-listed companies.How it is calculatedWeighted by each constituent's free-float-adjusted market value under the DSE index method.What it does not meanA rise does not mean every share rose or that a portfolio earned the same return.Source or method: Dar es Salaam Stock ExchangeSee it in context →Open the full glossary →Definition only · information and education, not adviceExplainTSITanzania Share IndexThe TSI is the market-capitalisation-weighted index of domestic Tanzanian companies listed on the DSE.How it is calculatedUses the domestic-company basket defined by the DSE.What it does not meanIt is not a complete measure of the Tanzanian economy or every investor's experience.Source or method: Dar es Salaam Stock ExchangeSee it in context →Open the full glossary →Definition only · information and education, not advice
    DSEI +0.04% · TSI +0.41%

    Both indices rose; the domestic basket rose more. That describes two weighted baskets, not every counter.

  2. 02

    Money traded

    ExplainTurnoverEquity turnoverTurnover is the total shilling value of shares traded during a stated session or period.How it is calculatedSum of recorded traded value across the included transactions.What it does not meanHigh turnover is not the same as broad participation, new money entering the market or easy execution at the quoted price.Source or method: DSE verified traded valueSee it in context →Open the full glossary →Definition only · information and education, not advice
    TZS 9.75bn · 1.5× held median

    The tape was active against the declared sample. Activity alone does not show how widely the money spread.

  3. 03

    Directional breadth

    ExplainDirectional breadthShare of moving counters that advancedDirectional breadth is the share of counters with a price move that advanced rather than declined.How it is calculatedAdvancers ÷ (advancers + decliners). Unchanged and non-trading counters are excluded.What it does not meanIt is not the share of all listed counters, and it says nothing about how much money traded in each name.Source or method: KCP calculation from DSE close countsSee it in context →Open the full glossary →Definition only · information and education, not advice
    11 ÷ (11 + 6) = 64.7%

    Advancers led among movers. The 11 unchanged counters are outside this denominator.

  4. 04

    Turnover concentration

    ExplainTurnover concentrationShare of turnover in the leading counterTurnover concentration is the share of total traded value accounted for by one counter or a stated group of counters.How it is calculatedSelected counter turnover ÷ total session turnover × 100.What it does not meanA high share does not establish unusual demand, fair value or repeatable liquidity.Source or method: KCP calculation from DSE traded valueSee it in context →Open the full glossary →Definition only · information and education, not advice
    CRDB carried 76.5%

    A heavy session was also a narrow one: one counter accounted for more than three quarters of traded value.

  5. 05

    Participation

    ExplainNo tradeNo recorded turnover in the sessionNo trade means the counter recorded zero turnover in the stated session.How it is calculatedSession turnover = 0.What it does not meanIt does not prove there were no orders, no interest or that the prior close was executable.Source or method: DSE verified session boardSee it in context →Open the full glossary →Definition only · information and education, not advice
    8 of 28 counters did not trade

    Those closes did not form through recorded turnover that day. No trade is a fact, not a verdict on interest or value.

What this close can establish

Positive index direction, advance-led movers, above-median activity, high single-name concentration and eight no-trade counters.

What it cannot establish

Fair value, broad executable liquidity, future direction, suitability or a complete investment thesis.

Source: Dar es Salaam Stock Exchange ↗ · Observation: 2026-08-10

Retained authority artifact public-site/data/dse-verify/2026-08-10.json · SHA-256 1758a93dfc53…

Before the detail

Keep three boundaries visible.

  1. 01Keep DSEI and TSI on the same observation date.
  2. 02Name every denominator before interpreting a percentage.
  3. 03Treat one close as a description, never a forecast or suitability conclusion.
01

What do the two indices say?

Start with DSEI and TSI on the same observation date. DSEI is the all-share lens, including cross-listed companies; TSI is the domestic-company lens. If both move in the same direction, the two baskets agreed on direction. If they move by different amounts, composition and weighting explain why the headline experiences differ.

Do not translate an index move into “the whole board rose.” An index is weighted, so a small number of large constituents can outweigh many smaller counters.

02

How much money traded?

Turnover answers the activity question: the total shilling value recorded in the session. Compare it with a declared historical reference; such as a median of held verified sessions; before calling the tape heavy or light.

Turnover is not a measure of new cash entering the market. Every completed trade has a buyer and a seller. It also does not show whether the money was spread widely.

03

Did advancers or decliners lead?

Directional breadth looks only at counters whose prices moved. Divide advancers by advancers plus decliners; do not force unchanged or non-trading names into either direction.

That denominator matters. “Most movers advanced” is a narrower and more accurate statement than “most listed shares advanced.”

04

Where did the turnover sit?

Concentration asks how much of the session’s traded value came from the leading counter or a stated group. A large total can coexist with a narrow tape when one name carries most of the money.

Read turnover and concentration together: the first shows scale, while the second shows distribution. Neither proves repeatable liquidity at a quoted price.

05

Which counters did not trade?

A no-trade counter recorded zero turnover in that session. Its displayed close may therefore be a carried observation rather than a price formed by a transaction that day.

No trade does not prove there were no orders or no interest. It tells you only that no completed traded value was recorded in the verified session.

06

What can one close establish?

One verified close can establish the recorded direction, the amount traded, the split among movers, where turnover concentrated and which counters printed no turnover. It can describe the market structure of that session.

It cannot establish fair value, future direction, normal executable size, investor suitability or a complete investment thesis. Those questions require more evidence and, where relevant, independent professional judgment.

Move from concept to record

Open the latest verified close

Apply the five-question sequence to the current source-dated DSE record.

Open current evidence