Nine of the 11 main African indices, ex-South Africa, headed south in December. However, for the full year, just three were in negative territory.
Egypt’s EGX 30 was the year’s best performer, posting a gain of 31.61%, but giving up 4.1% in the final month of the year.
Nigeria’s All Share Index recorded a 16.14% decline in 2014 following five straight months of losses exacerbated by plummeting oil prices. The index stabilised in December with a gain of 0.33%.
Tunisia’s TUNINDEX increased by 2.42% in December to close the year 16.17% higher for the year.
Zambia’s Lusaka All Share was up more than 15% for the year but in US dollar terms gained just 2.2% following a 0.9% decline in December. The Zambian economy grew 6% in 2014 but inflation remained high, closing the year at 7.9%.
Namibia’s Overall Index declined 1.9% for the month, ending the year 10.16% in profit.
Morocco’s CFG 25 shed 3.1% in December on top of a 3.16% deficit in November, leaving it 7.54% in the black for the year, down from a peak of 14.6% at the end of October.
Ghana’s GSE Composite Index lost 0.62% in December to close 5.4% up for the year.
Botswana’s Gaborone Index fell 0.23% in December, ending the year 4.95% in positive territory.
Kenya’s NSE 20 slipped 0.85% to end 3.77% in profit for 2014.
Zimbabwe’s Industrials Index was the biggest loser of the year, declining 5.05% for the month to settle at 19.46% down for the year.
The SEMDEX in Mauritius fell 1.27%, ending the year 1.05% in negative territory. Copyright. HedgeNews Africa – January 2015.
