Wednesday, February 10, 2010

Market Intelligence - Equities

African stock markets closed the week with mixed performance. The stock markets in Côte d'Ivoire, Egypt, Kenya, Nigeria and Tunisia recorded gains of up to 4.2%. In contrast, the equity markets in Mauritius, Morocco and South Africa registered losses of up to 3.3% over the week.

Equity Focus

Egypt: CASE 30 Index rebounded from the loss in the previous week, rising by 4.2% over the week. The most active sectors were real estate, telecommunications, food and beverages, non-banking financial services and construction.

South Africa: The All Share Index fell by 3.3% over the week in line with weaker global equity markets. The fall was sparked by refreshed concerns over Greece sovereign debt, and then accelerated by unexpected jump in claims for unemployment benefits in the U.S. Click here for this week's Market Intelligence Table.