Thursday, April 1, 2010

Market Intelligence - Equities

African stock markets closed the week with a mixed performance. The stock markets in Côte d'Ivoire, Egypt, Kenya, Morocco, Nigeria and South Africa recorded gains of up to 3.3%, while the markets in, Mauritius and Tunisia registered losses of up to 0.4% over the week.

Equity Focus

Nigeria: The All Share Index rose to a seven-month high, advancing by 3.3% over the week. Trading activities in the banking sector continued to be the main driver of the market, accounting for about 40% of the week’s trading volume.