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Market Brief - Africa Economic Financial Brief 27-1 October 2010
During the week of 27 September – 1 October 2010, most African stock markets rose, alongside strong commodity markets, a weak U.S. dollar, and an optimism bolstered by a higher-than-estimated consumer spending in the U.S. Ghana recorded the largest gain of 4.2%. Some moderate gains of between 0.9% and 1.9% were registered in Morocco, Kenya, Uganda, Nigeria, Côte d’Ivoire, Tunisia, and South Africa. The two markets which recorded declines were Egypt and Mauritius, which posted losses of 1.3% and 1.1%, respectively.