Of the 11 bourses we report on in Africa (ex South Africa), only four made gains during April 2014 with seven losing ground.
Egypt’s EGX 30 returned 5.78%, reversing its 3.97% decline the month before, putting it 21.72% in profit year to date (20.63% in USD).
Namibia’s Overall Index has had a good three-month run, increasing 3.18% for the month and notching up a double-digit gain of 12.21% for the year so far.
At month-end, Zambia’s Lusaka All Share was 12.93% up for the year, having been 7.44% in positive territory on March 27, according to figures released by The Africa Weekly. However, its USD-adjusted return YTD was 1.45% in the red.
Kenya’s NSE 20 edged up by 0.06% in April, and was 0.45% ahead for the year. The broader Nairobi Securities Exchange meanwhile was 11.43% in positive territory YTD.
April was another cruel month for Nigeria’s All Share Index, which declined for a fourth straight month, by 0.68%, to take its losses to 6.88% YTD. Of the 11 bourses we report on (ex South Africa) the All Share Index is the largest by some margin with a NAV of US$38.48 billion.
The CFG 25 in Morocco, which is the next biggest index, with a NAV of $19.66 billion, shaved 0.07% off the bottom line but was nevertheless 4.5% in positive territory YTD by month-end.
Ghana’s GSE Composite Index receded 5.53% in April on the back of a 1.39% dip in March. The bourse was still up by 5.13% for the year, having notched up an impressive 78.81% gain in 2013.
Tunisia’s TUNINDEX lost a further 2.26% in April after shedding 2.6% in March. The index was 2.42% in positive territory for the year so far.
Botswana’s Gaborone Index suffered its third monthly loss in succession, dropping 0.83% to put it 1.9% in the red YTD.
The SEMDEX in Mauritius was 0.66% down for the month and 1.04% in negative territory for the year.
Zimbabwe’s Industrials Index hit a 15-month low during mid-April and, despite notching up gains in the second half of the month, was down 1.15% for April and 14.45% in the red YTD. After gaining 30.49% in 2013, the index is one of the worst performers on the continent this year. Copyright. HedgeNews Africa – May 2014.
Data: Bloomberg, The Africa Weekly