NMB accounted for 59.8% of session turnover.

DSEI -0.45% / Turnover TZS 4.13bn

Market study 24 Sep 2026

The Ghost model portfolio. Hypothetical.

Did adding interval percentages reproduce the equity sleeve’s end-to-end change?

No. Adding interval percentages differed from comparing the first and last recorded levels.

Summed percentages and end-to-end change

16 Sep 2026 to 23 Sep 2026

Change relative to the starting observation, percent

Sum of interval percentages1.567

End-to-end change1.536

Recorded sleeve observations. Not whole-portfolio attribution.

Inspect the recorded path

Equity sleeve ↗Fixed income ↗

Inspect a recorded session23 Sep 2026: equity 101.54; 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
16 Sep	100.00	100.00
17 Sep	98.78	100.03
18 Sep	98.81	100.06
21 Sep	100.76	100.14
22 Sep	102.36	100.17
23 Sep	101.54	100.20

The interval calculation reset its denominator at each recorded close. The end-to-end calculation kept the original starting observation.

Compounding

Compounding / Ukuaji limbikizi
Compounding linked percentage changes multiplicatively because each interval began from a different level.

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 evidence23 Sep 2026 / DSE

What sat behind the equity headline

Shared historical comparison: 17. 28 Aug 2026 to 21 Sep 2026.

Leading counter’s turnover share

Moved lower in the historical range

22 Sep 2026: 70.63%10/17 below
23 Sep 2026: 59.84%9/17 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

22 Sep 2026: 53.85%9/17 below
23 Sep 2026: 38.89%4/17 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 ↗