Africa Equity Weekly | 25 Sep 2015: Morocco Leads the Gainers, Namibia Biggest Loser

Lagos, Nigeria, Capital Markets in Africa — African equity markets weekly performance at the end of Friday 25 September closed on mixed sentiment with nine downs, eight ups and one remained unchanged (Swaziland) compared to the week ending 18 September 2015. Some markets were closed for one or two days during the week for Muslim Eid-al-Adha festive celebration and national celebration. Egypt closed on 21 and 23 September while Morocco, Tunisia and Nigeria closed on 24 and 25 September. The Ghana Stock Exchange closed on 21 September (for Founder’s day) and 24 September (for Eid-al-Adha celebration) but Tanzania and Uganda closed on 24 September (for Eid-al-Adha festive celebration).  Whereas, South Africa closed on 24 September for the Heritage day celebration.

In term of week-on-week (w-o-w) equity market performance, the gainers were Moroccan All Share Index (+1.72 percent w-o-w), Egyptian EGX 30 index (1.08 percent w-0-w), BRVM Composite Index (+0.90 percent w-o-w), Kenya NSE All Share Index (+0.77 percent w-o-w). Also, Nigerian All Share Index gained 0.70 percent, Uganda All Share index rose by 0.57 percent, Botswana Composite Index soared by 0.25 percent and Malawi All Share Index surged by 0.22 percent.

On the other hand, Namibia Overall Index sagged by 4.15 percent, Tanzania All Share plunged by 1.52 percent, South African JSE All share index 1.40 percent lower and Zimbabwe Industrial Index  went down by 1.05 percent. Other losers were, Tunisia All Share Index (-0.52 percent), Ghana Composite Index (-0.49 percent), Mauritius All Share Index (-0.25 percent), Rwandan All Share (-0.21 percent), and Zambian All Share index (-0.14 percent).