African stock markets closed Friday with mixed but relatively resilient performances, diverging from broader global weakness as commodity exposure and selective buying supported regional indices.
While international sentiment remained fragile, several African exchanges avoided sharp sell-offs, helped by strength in energy and mining shares.
Commodities offer partial shelter
South African equities found support in precious-metal producers as gold prices edged higher, while Nigerian financial stocks attracted modest inflows on expectations of improving domestic liquidity conditions. Elsewhere, East African markets traded sideways amid low volumes and cautious positioning.
Investors focused on companies with direct exposure to hard assets, viewing them as defensive plays during periods of global volatility.
Local fundamentals remain central
Across the continent, trading activity reflected a balance between external pressures and domestic macro trends. Inflation trajectories, currency stability, and fiscal policy signals continue to shape regional allocations, particularly among international funds.
Telecoms and utilities outperformed more cyclical sectors, indicating a defensive rotation as traders reassessed risk.
Measured optimism going forward
Analysts noted that African markets remain structurally supported by demographic growth and infrastructure demand, but near-term performance will depend on commodity pricing and global capital flows.
Friday’s close highlighted Africa’s growing diversification: while not immune to global swings, regional exchanges are increasingly driven by local fundamentals rather than purely imported sentiment.
Newshub Editorial in Africa – 13 February 2026
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