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Market Brief - Africa Economic Financial Brief 8-12 November 2010
During the week of 8 – 12 November 2010, African stock markets showed mixed performance while a bearish sentiment prevailed on stock markets in the U.S. and Europe on intensifying concerns about Europe’s debt crisis and growing speculation that China would raise interest rates. The stock market in Tunisia led the gainers, recording a substantial increase of 3%. It was followed by the markets in Nigeria and Mauritius, which registered significant gains of 2.3% and 1.4%, respectively. Increases of less than 1% were posted by the markets in South Africa, Uganda, and Morocco. On the other hand, four African stock markets fell, with Ghana, Côte d’Ivoire, and Kenya recording losses of between 1.2% and 1.6%, while that of Egypt registered a marginal loss of less than 0.1%.