Agoracom Blog

African Stock Markets Are In The Green

Posted by AGORACOM at 10:52 AM on Friday, October 24th, 2008

Story courtesy of RGE Montior 

If you are looking for investments that are not just outperforming markets but in the green, go to Africa.

Ghana’s all share index has gained 60% this year as they are affected by local rather than global issues

The Zimbabwe Stock Exchange is marking record gains as after hard currency, the stock market is the only viable option. The benchmark Industrial Index soared 257%, with share prices of some companies rising by up to 3,500%

Afrol: While the Johannesburg Securities Exchange (JSE) has seen fewer losses than comparable bourses in Europe and America, it has declined 48% from the record highs that were registered in May. Gold reached a price of US$ 914 an ounce, and this price jump made a positive impact on the JSE’s gold index.

African stocks increased 210% in the last five years and are among the fastest growing stock markets globally. The strong performance and potential of the African stock markets can be attributed to the steady and fast economic growth of the whole African continent.


One Response to “African Stock Markets Are In The Green”

  1. derek says:

    The JSE has lost about 42% since the beginning of the year (34K points v 19K) and the small-cap alternative exchange (AltX) has been battered. So far the Rand has been battered since september due to its liquidity, but our National Credit Act (2006) has helped, and stronger exchange controls have limited exposure. So yeah, come invest 😉