CRDB accounted for 55.3% of session turnover.

DSEI -0.64% / Turnover TZS 4.30bn

Market study 21 Sep 2026

The Ghost model portfolio. Hypothetical.

Did the average equity interval conceal a wider spread of outcomes?

Yes. The smallest and largest changes differed from one another. The average alone did not describe that spread.

Smallest, average and largest change

11 Sep 2026 to 18 Sep 2026

Change from the common baseline, index points

Smallest change-1.24

Average change0.038

Largest change0.605

Recorded sleeve observations. Not whole-portfolio attribution.

Inspect the recorded path

Equity sleeve ↗Fixed income ↗

Inspect a recorded session18 Sep 2026: equity 100.19; fixed income 100.20.

Lines joined recorded observations. No missing values were filled. This window was not the day’s return.

Recorded observations

Sleeve indices from the common baseline
Date	Equity	Fixed income
11 Sep	100.00	100.00
14 Sep	100.30	100.09
15 Sep	100.91	100.12
16 Sep	101.40	100.14
17 Sep	100.16	100.17
18 Sep	100.19	100.20

The reference came from this recorded window. It was a local comparison, not an estimate of the sleeve’s long-run behaviour.

Range of changes

Range of changes / Wigo wa mabadiliko
The range separated the smallest and largest recorded changes. The average could sit between them without describing either extreme.

Source: the Ghost tracker for the closing date. Each sleeve was divided by its own exact first observation in this window and rebased to a shared starting point. The comparison established neither a trade, a causal explanation nor whole-book attribution.

Continue learning →Earlier studies ↗

Full portfolio ↗

Closing-session evidence18 Sep 2026 / DSE

What sat behind the equity headline

Shared historical comparison: 14. 28 Aug 2026 to 16 Sep 2026.

Leading counter’s turnover share

Moved lower in the historical range

17 Sep 2026: 90.53%14/14 below
18 Sep 2026: 55.34%6/14 below

Position counts historical observations strictly below each record. It does not measure the size of the change; equal values do not count as lower.

Advancing share of traded movers

Moved lower in the historical range

17 Sep 2026: 43.75%4/14 below
18 Sep 2026: 38.46%3/14 below

Position counts historical observations strictly below each record. It does not measure the size of the change; equal values do not count as lower.

None belowHalf belowAll below

Source and method

Source: After the Bell. Position shows the share of prior observations strictly below the close, not the size of the difference. Both measures and both displayed dates used the same complete cohort. Both displayed dates were excluded when a prior comparison was available. Ties counted in the denominator but not as lower observations. This held sample was not the full available archive.

Market record ↗