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Nigeria’s stock market was the worst performer, compared with other major African markets, and third worst also, in terms of returns, when compared with other global markets in the first-quarter (Q1) of 2014.
BusinessDay trendwatch shows that in the first three months of the year, apart from Nigeria (-6.2%) and Mauritius (-0.38%), other major African stock markets recorded growth during the quarter. Egypt, despite its political turmoil, grew by 15%, Ghana by 11.2%. Zambia, Kenya and South Africa grew by 9.7% 5.6% and 3.3% respectively.
Beyond African markets, at a negative of 6.2% in terms of returns, Nigeria’s stock market benchmark performance indicator –the All Share Index (ASI) followed China – SHSZ 300 Index which was in negative of 7.9%; while that of Russia – MICEX Index was the worst performing stock market, with a negative return of 9.0%.
BusinessDay comparison of returns in other markets shows that in Q1’ 2014, Kenya – NSE 20 was up by 0.4%; Egypt – EGX 30 rose by 15.1%; South Africa – JSE ASI was up by 3.3%; Malaysia – FBMEMAS Index was down by 0.4%; Indonesia – Jakarta Composite Index was up by 11.6%.
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Source: BusinessDay
BusinessDay trendwatch shows that in the first three months of the year, apart from Nigeria (-6.2%) and Mauritius (-0.38%), other major African stock markets recorded growth during the quarter. Egypt, despite its political turmoil, grew by 15%, Ghana by 11.2%. Zambia, Kenya and South Africa grew by 9.7% 5.6% and 3.3% respectively.
Beyond African markets, at a negative of 6.2% in terms of returns, Nigeria’s stock market benchmark performance indicator –the All Share Index (ASI) followed China – SHSZ 300 Index which was in negative of 7.9%; while that of Russia – MICEX Index was the worst performing stock market, with a negative return of 9.0%.
BusinessDay comparison of returns in other markets shows that in Q1’ 2014, Kenya – NSE 20 was up by 0.4%; Egypt – EGX 30 rose by 15.1%; South Africa – JSE ASI was up by 3.3%; Malaysia – FBMEMAS Index was down by 0.4%; Indonesia – Jakarta Composite Index was up by 11.6%.
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Source: BusinessDay
