Market Commentary

Overall sentiment on African equity markets was bearish. Among the markets we cover, 11 of them retreated this week and 6 advanced. Zimbabwe led the pack as equities in Harare rallied 5.93%. Conversely, Ugandan equities lost 2.62% over the 5-day period. 

Overall sentiment on African equity markets was mixed. Among the markets we cover, 10 of them advanced this week and 7 retreated. Namibia led the pack as its benchmark index jumped 2.58%. Conversely, Zimbabwe retreated significantly, losing 6.59% over the week.

Overall sentiment on African equity markets was mixed. Among the markets we cover, 10 of them advanced this week and 7 retreated. Ghana led the pack as its benchmark index jumped 5.41%. Conversely, Nigeria declined for the second week in a row, shedding another 3.04% over the week. 

Overall sentiment on African equity markets was bullish with most markets advancing this week. Once again, Zimbabwe led the pack. Its benchmark index jumped another 11.43%, while, conversely, Nigeria’s declined 1.66% over the week.