Improving economy and slowing inflation are raising expectations for rate cuts in several African countries. We expected Nigeria and Kenya to follow Ghana’s lead and it is now a done deal in Kenya since the central bank just cut the benchmark rate.
Past behaviour is not always the best predictor of future behaviour as evidenced by Nigeria’s fall out of the top three best performer this week. Egypt is back in the top three supported by improving fundamentals while Ghana remains the best performer year-to-date.
March is starting on a positive note as most indices under our coverage had a positive performance.
February comes to an end and it is now official, the shortest month of the year has revolved around South(ern) Africa… At least in terms of number of events having an impact on sentiment. Something else is also official: Ghana remains the best performer year-to-date followed by Nigeria.
 | BRVM-CI | 273.63 | -0.17% | 21/11 |
 | BSE DCI | 9,904.40 | - | 21/11 |
 | DSE ASI | 2,193.26 | +0.51% | 21/11 |
 | EGX 30 | 30,631.80 | +0.14% | 21/11 |
 | GSE-CI | 4,654.43 | +0.02% | 20/11 |
 | JSE ASI | 85,522.56 | +0.29% | 21/11 |
 | LuSE ASI | 15,828.27 | -0.13% | 21/11 |
 | MASI | 14,868.14 | -0.79% | 21/11 |
 | MSE ASI | 156,076.67 | -0.01% | 21/11 |
 | NGX ASI | 97,992.55 | -0.24% | 21/11 |
 | NSE ASI | 112.62 | -0.08% | 21/11 |
 | NSX OI | 1,849.85 | +0.42% | 21/11 |
 | RSE ASI | 146.48 | - | 21/11 |
 | SEM ASI | 2,140.44 | +0.33% | 21/11 |
 | TUNINDEX | 9,800.24 | -0.01% | 21/11 |
 | USE ASI | 1,180.76 | -0.20% | 21/11 |
 | ZSE ASI | 277.40 | +0.48% | 21/11 |
