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Market Brief - Africa Economic Financial Brief 19-23 July 2010
Most African stock bourses recorded gains over the week as the global stock markets and the major commodity markets rallied on strong earnings in the U.S. stock exchanges. The market in South Africa posted the highest gain of about 3.3%. The markets in Nigeria, Ghana, and Tunisia recorded some gains of between 1.3% and 1.7%, while those of Morocco, Mauritius, and Côte d'Ivoire registered minor gains of less than 1%. In contrast, stock exchanges in Kenya, Uganda, and Egypt closed the week with losses of about 1%, 0.4% and 0.3%, respectively.