Africa Equity Weekly | 23 Oct 2015: Egyptian Equity pulls African Equity Market to the Green Zone … South Africa, Nigeria among gainers

Lagos, Nigeria, Capital Markets in Africa —  The African equity markets ended in the green zone at the end of Friday 23 October, among the eighteen African equity indices ten ended in green and six  in the red zone (Swaziland All Share index and Rwandan All Share index remained unchanged to end at 312.38 points and 133.83 points respectively) compared to the previous week ending Friday 16 October 2015. The overall average return of the eighteen stock indices was +0.6 percent week-on-week (w-o-w).

Egyptian EGX 30 Index maintained the highest gainer status after surging by 3.60 percent w-o-w to end the week at 7,611.03 points.  The EGX 30 index gained on 3 out of the 5 trading days of the week to trim year-to-date (YTD) loss to -14.70 percent.  South Africa JSE All Share 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 +2.56 percent and increased the month-to-date (MTD) to +8.4 percent. Uganda All Share Index and Kenyan Nairobi All Share Index occupied the third and fourth position by gaining 2.35 percent w-o-w (-5.7 percent MTD, -5.9 percent YTD) and 1.77 percent w-o-w (-5.1 percent MTD, -14.4 percent YTD) respectively. While, the Namibia Overall Index ended at 1033.56 points after surging by 1.25 percent to rank as the fifth on the gainers’ list.

In the sixth position was the Mauritius SEMDEX Index with an increase of o.63 percent to end at 1,871.15 points and the market capitalization also gains MUR 1.3 billion to end at MUR 208.374 billion compared to the market capitalization on Friday 16 October. The Nigerian All Share Index occupied the seventh and gained on 2 out of the 5 trading days of the week bringing the w-o-w return to a gain of 0.63 percent and paring YTD loss to -13.4 percent. Market capitalization equally added about NGN 61.1 billion on a w-o-w to settle at NGN 10.3 trillion.

On the red zone, Tunisia All Share index was the worst performer by losing 1.29 percent w-o-w to settle at 5145.66 points and fell in all the 5 trading days. Zimbabwe Industrial Index lost on 4 out of the 5 trading days of the week bringing the w-o-w return to -0.40 percent and increasing YTD loss to -19.8 percent and lost US$14 million in market capitalization compared to the previous week. Zambia Lusaka All Share index ended at 5,775.19 points after dipping by 0.25 percent to occupy the third worse performer.