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Market Brief - Africa Economic Financial Brief 28-2 July 2010


With the exception of a few, African stock markets were weighed down by continued European debt worries and weak global equity markets. The markets in Côte d'Ivoire, South Africa and Egypt were among the hardesthit; registering losses of 3.1%, 3.5% and 4.4%, respectively. The stock markets in Tunisia, Ghana and Morocco also posted losses of between 0.1% and 1.9%. However, the Uganda market recorded a gain of 1.5%, while those of Kenya, Mauritius and Nigeria posted marginal gains of between 0.3% and 0.7%.

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