Market Intelligence - Equities

African stock markets exhibited mixed performance amid European debt worries. The stock markets in Côte d'Ivoire, Egypt and South Africa underwent sharp losses - between 2.8% and 7.4%. On the other hand, the stock markets in Nigeria and Ghana recorded a substantial increase of 3.99% and 5.1%, respectively.

Equity Focus

South Africa: South African shares declined by 7.4% over the week as fears about Europe's debt crisis battered equity markets worldwide.

Ghana: The All Share Index increased by 5.1% during the week, despite heavy global equity losses. The recent rally is attributed to the positive developments in the key macroeconomic indicators such as the decline in inflation and interest rates as well as the stabilization of the exchange rate. Click here for the Market Intelligence Table.