Major Markets in Africa Slumped WoW, Bow to Profit Taking

At the end of the thirteenth trading week on stock exchanges across the African continent, of the seventeen markets tracked in our analysis, only six were down while the remaining eleven so far in the year have recorded varied degrees of gains with Ghana’s GSE Composite still taking the lead with 25.85% growth. Malawi and Nigeria are next with 13.35% and 12.81% growths respectively.

Zimbabwe’s ZSE Industrial is the worst performer with 10.87% decline YtD. Other losers are Botswana’ BSE Domestic company with 1.95 decline and Tanzania’ DSE All-share with 1.93% decline.

WEEK ENDED FRIDAY MARCH 16, 2018

Meanwhile, WoW performances for the week ended Friday March 16, 2018 show that Egypt’ BGX 30 as the leader in Africa with a growth of 3.20%. Tanzania and Kenya were other markets that performed significantly in the week. While Tanzania’ DSE All-share showed a growth of 2.12%, Kenya’ NSE All-share moved higher by 1.93% in the week.

Read the rest on Stocks Watch.

LEAVE A REPLY

Please enter your comment!
Please enter your name here