Wednesday, November 18, 2009

Market Intelligence - Equities

During the week of 9-13 November, African stock markets closed with mixed results. The stock markets in Egypt, Kenya, Mauritius, South Africa and Tunisia recorded gains of up to 3%. In contrast, the markets in Côte d'Ivoire, Morocco and Nigeria registered losses of up to 2.3%.

  • Côte d'Ivoire: The BRVM Index fell by 2.2% over the week due mainly to depreciation of stocks in the communication and car retailing industries.
  • South Africa: The All Share Index rose by 2.9% along with the rallies in global stock markets. The main drivers of the market included the stocks of precious metal producers, such as gold and platinum mining companies which are expected to benefit from the weakening US dollar.