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African stock markets posted mixed performances in the week ending April 11, 2025, with North and Southern African indices showing relative strength, while East Africa experienced a widespread decline.
According to data from African Markets, major indices across the continent reflected varying investor sentiments, driven by both local economic developments and global market trends.
East Africa declines
All major East African indices declined during the week. Kenya’s NSE-ASI fell sharply by 3.60 percent, followed closely by Uganda’s USE ASI at -3.44 percent, marking a tough week for the region.
Tanzania’s DSE ASI also dropped by 0.77 percent, despite its strong year-to-date performance of 6.68 percent. Rwanda fared the best in the region, shedding only 0.03 percent.
Despite the weekly losses, Uganda and Tanzania maintained robust year-to-date gains of 5.66 percent and 6.68 percent, respectively, highlighting long-term investor confidence in those markets.
Southern Africa Shows Strength
Southern African markets presented a generally positive outlook. South Africa’s JSE ASI led regional gains with a 3.79 percent weekly rise, contributing to a healthy 7.20 percent year-to-date increase.
Malawi also impressed with a 0.86 percent weekly growth, further strengthening its remarkable 71.22 percent gain since January.
Zambia and Botswana posted marginal gains, while Mauritius and Namibia dipped, with Mauritius’s SEM ASI declining by 2.53 percent.
North Africa Outshines
North African indices outperformed most of the continent. Morocco’s MASI stood out with a 6.74 percent weekly gain, pushing its year-to-date growth to 8.78 percent in local terms and 17.82 percent in USD.
Tunisia’s TUNINDEX rose 0.67 percentr, while Egypt’s EGX 30 fell 2.80 percent despite remaining positive year-to-date.
West Africa Mixed
Performance in West Africa was more muted. Nigeria’s NGX ASI fell 0.90 percent, while the regional BRVM CI rose 0.71 percent.
Ghana’s GSE-CI posted a marginal increase of 0.06 percent, though it retained an impressive 24.80 percent year-to-date performance.
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Currency movements also influenced USD adjusted returns. Notably, Malawi’s 70.52 percent year-to-date return in USD was among the highest on the continent.
