Market Commentary

The sentiment was mixed on African equity markets this week. Among the 17 markets we cover, ten advanced while seven retreated. The Namibian Exchange led the performance charts for the second week in a row as equities in Windhoek jumped another 3.63%. Conversely, the Lusaka Stock Exchange was the laggard. Zambian equities shed 1.25% this week, the most on the continent.

The sentiment was positive on African equity markets this week. Among the 17 markets we cover, twelve advanced while four retreated, and one remained flat. The Namibian Exchange led the performance charts as equities in Windhoek jumped 4.21%. Conversely, the Dar Es Salaam Stock Exchange, last week’s top performer, was the laggard. Tanzanian equities dropped 6.35% this week, the most on the continent.

The sentiment was positive on African equity markets this week. Among the 17 markets we cover, twelve advanced while four retreated, and one remained flat. The Dar es Salaam Stock Exchange led the performance charts as Tanzanian equities jumped 6.56%. Conversely, Mauritian equities dropped 2.13%, the most on the continent. Due to the Eid al-Adha celebrations, several markets were closed for one day or more this week.

The bullish sentiment prevailed on African equity markets this week. Among the 17 markets we cover, 11 advanced while 6 retreated. The Ghanaian Stock Exchange was back at the top of the performance chart as equities in Accra rallied 7.50%. Conversely, the Egyptian market was the laggard for the second week in a row as equities in Cairo dropped another 1.83%.