Major African equity markets produced a largely positive finish on Friday, 24 July, although trading remained cautious amid global concerns over tariffs, inflation and geopolitical instability.
South Africa’s FTSE/JSE All Share Index gained 0.98% to close at approximately 109,398 points. The advance provided a stronger conclusion to a volatile week for the continent’s largest and most internationally connected stock market.
Kenyan equities also moved higher. The Nairobi 20 Index rose 0.34% to 3,997.50, extending the market’s strong recent performance.
Morocco’s benchmark market advanced as well, with the CFG 25 gaining 0.43% to 17,743.11. The rise came despite the index remaining below levels recorded earlier in the year.
Nigeria moved in the opposite direction. The Nigerian Exchange All-Share Index fell 0.19% to 247,357.40 points, while market capitalisation declined to approximately 159.59 trillion naira. Losses in Presco and United Bank for Africa contributed to the weaker session.
Regional resilience
Friday’s performance demonstrated the differing forces influencing African exchanges. South Africa, Kenya and Morocco recorded gains, while Nigerian investors took profits following an extended period of strong market growth.
The international outlook remains uncertain, but several African markets continue to attract interest through domestic growth expectations and comparatively strong year-to-date returns.
Newshub Editorial in Africa – 25 July 2026
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