Major African markets opened Thursday in a mixed pattern, with trading shaped by divergent currency trends, shifting commodity prices and continued sensitivity to global interest-rate expectations. Early activity across Johannesburg, Lagos, Nairobi and Cairo reflected a cautious stance, as investors awaited new macroeconomic data and regional policy updates.
Johannesburg opens stronger on mining and financial stocks
In South Africa, the Johannesburg Stock Exchange began the session with modest gains, supported by early strength in mining houses after metal prices stabilised overnight. Gold and platinum producers saw incremental advances, helping lift the broader market.
Financial stocks also contributed to a firmer start, buoyed by improving sentiment around domestic inflation indicators. However, analysts noted that persistent power-supply risks continue to cast a shadow over investor confidence.
Nigerian market sees subdued start amid naira volatility
In Lagos, the equities market opened softer as the naira’s renewed volatility weighed on investor appetite. Banking and consumer-goods stocks showed slight declines, reflecting cautious positioning ahead of updated central-bank guidance.
Despite the subdued tone, oil-linked shares found limited support from steadier crude prices, providing a partial offset to early losses.
Kenyan market moves sideways as investors digest earnings updates
The Nairobi Securities Exchange opened largely flat, with investors taking time to assess ongoing corporate earnings releases. Telecommunications and financial counters saw light trading, while agricultural stocks posted small gains on the back of improved rainfall prospects.
Market observers highlighted that liquidity remains thin, making the market more sensitive to external sentiment shifts.
Cairo sees modest gains as reforms anchor investor confidence
In Egypt, the market opened slightly higher, supported by continued interest in banking and real-estate shares. Investors responded positively to signals that economic reforms remain on track, even as currency pressures persist.
Trading volumes were moderate, with participants waiting for further clarity on the government’s financing plans for the coming quarter.
Regional outlook shaped by currency dynamics and commodities
Across the continent, currency movements and commodity prices remained the dominant drivers of sentiment. Analysts emphasised that sustained stability in global energy and metals markets will be crucial for momentum in the coming sessions.
Newshub Editorial in Africa – 2025-11-13
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