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Market Brief - Africa Economic Financial Brief 16-20 August 2010
During the week of 16 – 20 August 2010, some African stock markets registered gains while others fell along with the major global stock markets which retreated due to heightened concerns about the weak U.S. economy and high debt levels in Europe. The stock markets in Ghana and Kenya recorded significant gains of about 3.5% and 2.3% respectively, while marginal gains of 1.1%, 0.9%, and 0.4% were recorded in Tunisia, Egypt and Nigeria, respectively. The market in Mauritius remained virtually unchanged. In contrast, the stock markets in Côte d'Ivoire and South Africa recorded substantial losses of about 2.2% and 2% respectively, while moderate losses of about 1.1% and 0.4% were posted in Morocco and Uganda, respectively.