Africa Equity Weekly | 16 Oct 2015: Egyptian equity 3.4% higher, Nigeria All Share 1.1% down, South Africa equity 0.7% lower

Lagos, Nigeria, Capital Markets in Africa —  At the end of Friday 16 October, out the eighteen African equity indices eleven ended in negative and seven in the positive zone relative to the week ending 09 October 2015. The overall weekly average return of the eighteen stock indices was -0.74 percent w-o-w.

Egyptian EGX 30 Index topping the gainers’ list by adding 3.38 percent week-on-week (w-o-w) to end the week at 7,594.45 points. It followed BRVM Composite Index surged by 0.49 percent w-0-w to close at 303.47 and then Swaziland All Share Index soared by 0.37 percent to end at 312.38 points. Other gainers were Ghana Composite Index (+0.21 percent at 1988.28 points), Botswana Domestic Composite Index (+0.09 percent at 10,594.35 points) and Tunisia All Share index (+0.08 percent at 5,212.94 points).

Conversely, Uganda All Share Index  topped the losers’ chart by dropping 6.740 percent w-o-w to end at 1,771.97 points. Kenya NSE All Share sagged by 3.38 percent w-o-w to close at 136.94 points and Namibia Overall Index ended at 1,020.83 points after losing 2.90 percent. Also, Mauritius All Share Index and Nigerian All Share Index lower by 1.97 percent (to end at 1,859.5 points) and 1.1 percent (at 29,834.21 points) respectively.

In the same south zone were South Africa JSE All Share (-0.66 percent at 52,945.11 points), Zimbabwe Industrial Index (-0.28 percent at 131.08 points) and Tanzania DSE All Share Index (-0.25 percent at 2,403 points). Rwanda All Share index dipped by 0.17 percent w-o-w to end the week at 133.83 points, Malawi Share Index went down by 0.14 percent to close at 15,321.95, Morocco All Share Index sagged by 0.14 percent and Zambia equity index ended at 5,789.66 points after dipping by 0.12 percent.