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Market Brief - Africa Economic Financial Brief 22-26 November 2010
During the week of 22 – 26 November 2010, the majority of African stock markets incurred losses alongside the major global stock markets in the U.S. and Europe. The latter dropped as tensions in Korea mounted and concern deepened that Europe’s debt crisis will worsen. Among the ten monitored African stock markets, all except the one in Egypt recorded losses over the week. The stock market in Kenya registered the largest loss of 2.4%, followed by the markets in Morocco, which fell by 1.7%. Moderate losses of between 0.5% and 1.4% were observed for the markets in Nigeria, Uganda, Ghana, Tunisia, South Africa, and Mauritius. On the other hand, the market in Egypt recorded a marginal gain of 0.2%.