Africa Equity Weekly | 06 Nov 2015: Ugandan Stocks push African Stock Markets into Negative region despite gains in six markets …

Lagos, Nigeria, Capital Markets in Africa — The African equity markets ended in the red district at the end of Friday 06 November 2015, out of the eighteen African equity indices six ended in positive district and eleven in the negative region (Illiquid Swaziland All Share index remained unchanged to end at 312.38 points) compared to the previous week ending Friday 30 October 2015. The overall average return of the eighteen stock indices was -0.6 percent week-on-week (w-o-w).

Kenyan Nairobi All Share Index led the pack of positive gainers stock markets after surging by 2.11 percent w-o-w to end the week at 140.18 points.  The Nairobi All Share index gained on 3 out of the 5 trading days of the week to trim year-to-date (YTD) loss to -13.90 percent.  Moroccan All Share index emerged at the second best performer after gained on 4 out of the 5 trading sessions of the week bringing the w-o-w return to +1.00 percent and reduced the year-to-date (YTD) loses to -4.6 percent. 

Tanzania Dar Es Salaam All Share Index and Egyptian EGX 30 Index occupied the third and fourth position by adding 0.81 percent w-o-w (-4.2 percent YTD) and +0.45 percent w-o-w (-15.5 percent YTD) respectively. While, the Botswana domestic composite index ended at 10,580.39 points after jumping by 0.12 percent to rank as the fifth on the gainers’ list. In the sixth position was the BRVM Composite Index with an increase of o.0 percent to end at 303.46 points and the market capitalization also gains MUR 3.6 billion to end at MUR 7,488.1 billion compared to the market capitalization on Friday 30 October.

Uganda All Share Index was the worst performer by losing 5.59 percent w-o-w to settle at 5,763.75 points and fell in all the 5 trading days. Tunisia All Share index fell in all 5 trading days of the week bringing the w-o-w return to -2.28 percent and increasing YTD loss to -1.8 percent. Namibia Overall Index ended at 996.65 points after dipping by 1.67 percent to occupy the third worse performer.

South Africa JSE All Share emerged at the fourth worst performer after sagged on 3 out of the 5 trading sessions of the week bringing the w-o-w return to -1.54 percent and decreased the year-to-date (YTD) to +6.4 percent. Other major losing stock markets were Ghana Composite Index (-1.45 percent w-o-w, -12.2 percent YTD), Malawian All Share index (-1.37 percent w-o-w, +1.6 percent YTD) and Zimbabwean Industrial index (-0.6 percent w-o-w, -20.2 percent  YTD).

The Nigerian All Share Index plunged on 4 out of the 5 trading days of the week bringing the w-o-w return to a drop of 0.05 percent and bring YTD loss to -15.8 percent. Market capitalization equally lost about NGN 92.1 billion on a w-o-w to settle at NGN 10.0 trillion.