Friday, November 13, 2009

Market Intelligence - Equities

During the week of 2 -6 November, African stock markets closed with mixed results. The stock markets in Côte d'Ivoire, Egypt, Mauritius, Morocco, Nigeria and South Africa recorded losses of up to 6%. In contrast, the markets in Kenya and Tunisia registered marginal gains of up to 0.2%.

  • Egypt: The CASE 30 Index fell by 6% over the week, as foreign investors attempted to offset their losses in their markets. The decline was mainly due to losses by stocks in travel and leisure (-12.8%), personal and household products (-11.3%) and food and beverage industries (-11.1%).