AM Weekly Market Commentary - September 29, 2017
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They say October is a symphony of permanence and change and this is quite true for African markets this week. The performance was quite mixed with ZSE keeping its wining spree.
They say October is a symphony of permanence and change and this is quite true for African markets this week. The performance was quite mixed with ZSE keeping its wining spree.
Most of the indices under our watch closed in the green zone with the ZSE reversing part of its gain from last week as doubt regarding the length and the sustainability of the rally is rising.
Sentiment was on the bearish side on African markets this week. Most indices under our watch closed on negative territories with the Zimbabwean stock exchange being the exception that proves the rule. The ZSE more than make up for the poor performance of its peers. The ZSE is the best performer of the week and of the year.
This week witnessed a more bullish stance on African markets as most indices under our watch closed on positive territories.