Model-book note — educational only. The Ghost is a hypothetical model portfolio used to explain Tanzanian market structure, allocation reasoning and risk — not investment advice, a recommendation, or a live client portfolio. Holdings are illustrative; prices and liquidity may be stale or thin. Figures reconcile to their sources as at the date shown on each mark.
The Tape · the Ghost's morning read

The Tape: what The Ghost reads each morning.

The market facts before the model-book decision — the evidence The Ghost reads before it holds, rotates, or waits.

Tape date & data vintage
Tape date
DSE datalatest · verified close
FX · rates · goldlatest BoT source, shown on each mark
Live market boardsMarkets →

This is The Ghost's latest tape — current, but timestamped. It covers the latest verified DSE close shown above; live same-day boards live on Markets, and previous daily reads in The Brief archive.

How to read this page. The Tape is The Ghost's morning checklist. It does not tell the model book what to buy or sell — it shows the market conditions The Ghost reads before deciding whether to hold, rotate, wait, or write a new move. The tape is evidence, not an instruction.
Today's tape · · marked to DSE / BoT close
MarketLevelContext
DSE All-Share4,082.43DSEI · latest verified close
USD / TZS2,634BoT mean
Gold · $/oz$4,111BoT ref
BoT rate6.25%CBR
Inflation4.2%NBS headline
Indices & equities: Dar es Salaam Stock Exchange. FX, rates & gold: Bank of Tanzania. Marked to last close, refreshed each session.
The signals The Ghost reads
SignalWhat The Ghost checksWhy it matters
EquitiesDSEI, TSI, breadth, turnoverWhether a move is broad or one-name concentrated
BanksNMB, CRDB, the bank tapeBanks are the liquid core of the DSE
RatesBoT rate, T-bills, bond yieldsSets the hurdle rate for taking equity risk
FXUSD / TZSHard-currency return & imported-inflation pressure
InflationCPI, food & fuel pressureShapes rate expectations and real returns
CommoditiesGold, fuel, cropsLinks the macro story to external & domestic prices
The reading framework — useful even when the daily tape is quiet. Descriptive, not signals or advice.
Tape read

The domestic market tends to read stronger than the headline All-Share suggests, with banks carrying the local equity story. FX is a steady but central lens for diaspora and hard-currency readers, while rates set the hurdle for taking equity risk. The Ghost reads a market where liquidity and bank earnings matter more than index headlines.

The Ghost's plain-language read of the tape — it describes market tone, never advice.
What changed since the last read
SignalChangeGhost interpretation
Reading the prior session…
Deltas vs the prior verified session · DSE / BoT sources. Descriptive facts — not signals, predictions, or advice.
The book against the index
The book's equity sleeve vs the DSE All-Share
The model book's return engine — its DSE equity sleeve — against the DSE All-Share, both rebased to 100 at the book's inception. Hypothetical model book · educational only.
The model book's equity sleeve against the DSE All-Share, rebased to 100 at inception.
Source: KCP Ghost tracker · Dar es Salaam Stock ExchangeRebased to 100 at inception · hypothetical
How to read this: both lines start at 100 at the book's inception, so you compare the Ghost's equity picks against the market they're drawn from — not index levels. Why The Ghost cares: this is the one view that shows whether the model book's stock selection is keeping pace with the DSE — a book-only read the daily Brief can't give you. Educational, not a track record to follow.
The morning read ·

The full daily market read → The Brief

What The Ghost does with this

The tape does not force a move. It updates the model book's risk map: bank-led strength keeps the equity sleeve relevant, but rates and liquidity still decide whether The Ghost adds risk, trims exposure, or waits for a cleaner signal.

Latest model-book status: +4.13% since inception; largest model-book equity allocation: NMB Bank. Educational only — a hypothetical model book, not a recommendation.

The decision itself — rotate or hold — is made and explained in the Moves. See the latest move → · How the big banks compare (CRDB) →

Recent reads

This is The Ghost's latest tape. Each prior day's market read is a Brief edition — the dated archive that stands behind the tape.

Loading recent editions…

The full Brief archive →

Continue the trail

Read the market the way The Ghost does.

The Brief is the daily market read. The Ghost is the weekly decision journal — the reasoning behind each move, in public. Follow along and get each chapter as it's written.

Educational only · the weekly Ghost note · no advice · unsubscribe anytime. More on what you get →