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Market Brief - Africa Economic Financial Brief 26-30 July 2010
Many African stock markets closed the week with a strong performance, while the global markets recorded moderate gains as most European banks passed stress tests. The Egypt stock market was the best performer among the 10 stock markets under review, recording a gain of 4.8% over the week. The stock markets of Nigeria, Ghana, Kenya and Tunisia also witnessed substantial gains ranging between 2.2% and 2.9%, while those of Uganda, Mauritius and Côte d'Ivoire registered relatively small gains of less than 1.5%. In contrast, the stock markets of South Africa and Morocco filed marginal losses of 0.2% and 0.6%, respectively.