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Market Brief - Africa Economic Financial Brief 02-06 August 2010


While global markets sustained an upward trend due to strong commodity prices and corporate earnings, African stock markets closed the week with mixed performance. Among the 10 stock markets under review, the Kenyan market posted the highest gains of 5.3%. The markets in Uganda, Mauritius and Egypt recorded moderate gains of between 1.4% and 2.2%. In contrast, the Ghana stock market registered a loss of 2.2%, while stock markets of Nigeria, South Africa and Morocco registered marginal losses of 0.36%, 0.26 and 0.18% respectively.

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