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Market Brief - Africa Economic Financial Brief 20-24 September 2010
During the week of 20 – 24 September 2010, most African stock markets rose, reflecting rallies in the commodity markets bolstered by the weakened U.S. dollar. Markets in Egypt gained the most, recording a rise of 2.9%, followed by those in Kenya, South Africa, and Côte d’Ivoire, all of which registered gains of around 1%. Moderate gains of between 0.3% and 0.8% were posted by those in Uganda, Morocco, and Ghana. In contrast, three African stock markets remained bearish. The Nigerian stock market recorded a loss of 1.3%, while those of Tunisia and Mauritius registered marginal losses of 0.1% and 0.6%, respectively.