Egypt, Zimbabwe Stock Markets Lead African Markets in 2016 as Lusaka Exchange Top Losers


Monday, December 19, 2016 4:20 PM /Proshare Markets

The performance of African Stock markets so far in 2016 has not been very impressive, looking at the current YTD performance, as most indices trade in the red zone.

A quick review of African stock markets performance reflects that the Egyptian EGX 30 Index tops the other African markets with +59.77% YTD gain and closely followed by Zimbabwe Securities Exchange and Casablanca indices with +28.77% and +22.13% gains respectively while the Mauritius SEM10 Index records the least gain of +0.20%.

However, Lusaka All Share Index records the highest loss of -26.06% and closely followed by the Ghana Stock Exchange Index and Uganda Stock markets with -20.59% and -14.14%  losses in that order.

The Nigerian All-Share Index currently records -6.76% YTD performance as at 16th December, 2016.

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