Africa’s major stock markets ended Friday’s trading session with modest gains overall, supported by strong performances in banking and energy stocks, while investors continued to monitor currency stability, commodity prices and regional economic developments.
Johannesburg leads the continent’s activity
The Johannesburg Stock Exchange remained the continent’s most active market, with the FTSE/JSE All Share Index finishing the session slightly higher. Financial institutions and mining companies helped lift the market as investors responded to stronger commodity prices and improved earnings expectations.
Resource companies linked to gold, platinum and iron ore benefited from renewed demand in global markets, while South Africa’s large banking groups also attracted investor interest.
Despite the gains, analysts noted that volatility remains elevated due to ongoing domestic economic challenges and uncertainty surrounding energy supply constraints.
North African markets show selective strength
In North Africa, Egypt’s EGX30 index ended the week with moderate gains as investors continued to show interest in financial services and construction firms. Egypt’s capital markets have experienced increased trading volumes in recent months as reforms and currency adjustments reshape the investment landscape.
Morocco’s Casablanca Stock Exchange also ended Friday with modest gains, driven primarily by banking and telecommunications shares.
Energy and commodities shape sentiment
Commodity prices remain a central driver for many African markets. Oil-exporting countries such as Nigeria and Angola continue to see stock market movements influenced by fluctuations in global crude prices.
At the same time, the continent’s growing digital and financial sectors are gradually attracting international investment interest, particularly in fintech, telecommunications and infrastructure companies.
A region attracting long-term investors
While African markets can experience higher volatility than developed exchanges, they increasingly draw attention from global investors seeking exposure to fast-growing populations, expanding financial systems and infrastructure development.
Friday’s closing session reflected a cautious but generally positive tone as investors balanced short-term risks with long-term growth potential across the continent.
Newshub Editorial in Africa – February 28, 2026
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