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Market Brief - Africa Economic Financial Brief 18-22 October 2010


During the week of 18 – 22 October 2010, African stock markets showed mixed performance, while the stock markets in the U.S. and Europe edged up as improving earnings offset the uncertainty about global currency markets ahead of the G-20 meeting in South Korea. Among the bullish African stock markets, the Ghana Stock Exchange recorded the largest gains of 2%, while those of Morocco, Uganda, and Kenya posted moderate increases of between 1 % and 1.5%, and South Africa recorded a marginal gain of 0.2%. In contrast, the stock markets in Nigeria, Mauritius, Egypt, and Côte d’Ivoire posted minor losses of up to 1%.

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