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Market Brief - Africa Economic Financial Brief 21-25 June 2010
Against a weak global equity backdrop and persistent pressures on the Euro zone, African stock markets closed the week lower than the previous week. The hardest-hit markets were Nigeria and Uganda, which recorded losses of 2.7% each. The stock markets of Côte d'Ivoire, Egypt and South Africa also registered moderate losses of between 1.5% and 1.8%, while those of Ghana, Kenya, Morocco and Tunisia recorded marginal losses of less than 1% each. A minor gain of 0.5% was posted by the Mauritius stock market.