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Market Brief - Africa Economic Financial Brief 12-16 July 2010
The performance of most African stock markets improved during the week, decoupling from global markets which mostly retreated due to renewed concerns about slow economic growth in the U.S. The stock markets in Nigeria, Mauritius, Kenya and Côte d'Ivoire recorded gains of between 1.4% and 1.6%, while marginal gains of less than 1% were recorded in the markets of Egypt, Uganda, Morocco and South Africa, respectively, over the week. In contrast, Ghana’s stock market posted a big loss of 5.6% while Tunisia’s market registered a marginal loss of 0.6% during the week.