Market Commentary

Still mixed trends this week on African markets with the highlight being signals of a recovery banking sector in Zambia which drove strong performance of the local index.

We take the same and we begin again…The mixed trends continued this week on African markets with the majority of the indices under our coverage closing on negative territories.

The mixed trends continued this week on African markets with half of the indices under our coverage closing on negative territories. And the answer is yes, the ZSE is still this week’s best performer. Something tells me this will be the case for a while.

The first week of October started in a positive fashion with 9 out of the 17 indices under coverage evolving in green territories. The ZSE continues to be the outlier marking the strongest performance this week.