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African stock markets posted mixed results in the week spanning April 7 to 11, 2025, with Southern and West African indices showing more positive momentum compared to their East and North African counterparts.
According to African Weekly Markets Performance Southern Africa Leads Gains.
Southern Africa outperformed other regions, with Namibia’s NSX Overall Index surging 4.26 percent, the highest weekly gain on the continent.
South Africa’s JSE ASI also rose notably by 3.79 percent, continuing its strong year-to-date growth of 7.20 percent in local currency and an even more robust 11.54 percent in USD.
Malawi’s MSE ASI continued its impressive rally, inching up 0.86 percent this week and boasting a massive 71.22 percent year to date gain (70.52 percent in USD), the highest in Africa so far in 2025.
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Conversely, Mauritius’ SEM ASI declined by 2.53 percent despite a 4.44 percent year-to-date USD gain.
East Africa Slips on Broad Weakness
In East Africa, all major indices ended the week in the red. Kenya’s NSE-ASI fell 3.60 percent, the steepest drop in the region, while Uganda’s USE ASI slid 3.44 percent .
Tanzania and Rwanda posted milder losses of 0.77 percent and 0.03 percent ,respectively.
However, Uganda remains the regional bright spot with a 5.66 percent year to date local gain.
North Africa Sees Steep Declines
North African markets experienced the sharpest declines this week, with Morocco’s MASI falling 6.74 percent, the largest weekly drop across the continent.
Tunisia’s TUNINDEX also shed 1.67 percent, though it remains up 9.28 percent year-to-date.
Egypt’s EGX 30 declined 2.80 percent but held on to a modest 3.60 percent a year to date increase.
West Africa Mixed, Ghana Shines
West African markets delivered mixed results. Ghana’s GSE-CI remained flat at 0.06 percent, for the week but leads the region with a 24.80 percent year-to-date surge.
Côte d’Ivoire’s BRVM-CI gained 0.71 percent, reflecting a 15.10 percent USD return since the start of 2025.
Nigeria’s NGX ASI, however, declined 0.9 percent, with year-to-date performance dropping to 1.59 percent in local terms and turning negative (-1.85 percent) in USD.
