In brief
Ghana
- The Ghanaian market gained 0.6% week-on-week to 15,700.8 points, lifting the year-to-date and 30-day returns to 79.0% and 71.1% respectively, with the index advance driven by RBGH, CLYD, BOPP, GOIL, MTNGH and EGL.
- Total value traded plunged by 58.5% week-on-week to USD 5.0mn, with Scancom Plc driving activity and contributing 75.1% of all trades.
- This week, we anticipate a broadly weak tone across select counters, as prevailing sell-side pressure continues to shape market direction with BOPP, CAL, EGH, MTNGH, and TOTAL vulnerable to price decline. GOIL could however emerge as a gainer for the week as demand outstrip supply.
Nigeria
- The Nigerian market advanced by 1.4% week-on-week to 201,156.8 points, lifting the year-to-date and 30-day returns to 29.3% and 15.6% respectively, with the index upturn driven by gains in mid-to-large caps stocks.
- Total value traded jumped 55.2% w/w to USD 167.2mn, led by Dangote Cement Plc, which made up 26.4% of all trades.
- Headline inflation fell slightly to 15.06% year-on-year in February 2026 from 15.10% the previous month. However, we view the spike in global energy prices as a risk to Nigeria’s disinflation trend.
Kenya
- The Nairobi Securities Exchange’s All Share Index (NSE-ASI) fell 0.9% week-on-week to settle at 209.4 points, bringing the year-to-date and 30-day returns to 12.2% and 2.7% respectively, with the index downturn driven by losses in mid-to-large cap stocks.
- Total value traded plummeted by 67.8% week-on-week to USD 15.1mn, with Equity Group Holdings Plc dominating trading activity, accounting for 28.7% of all trades.
- Equity Group’s profit after tax surged 54.7% y/y to KSh 75.5bn in FY2025, helped by strong growth net interest income, modest growth in non-interest income, and a surprise fall in operating expense. We expect this positive financial performance to bolster investor confidence in Equity Group’s shares in the week ahead.
Downloads
Download Full Report