The Egyptian Exchange (EGX) recorded the strongest performance, with its benchmark EGX 30 Index rising 1.47% to close at 52,854.95 points. Market capitalisation stood at E£4.03 trillion ($74.0 billion).
Despite the market advance, trading was mixed across individual stocks. Suez Canal Bank led the gainers, climbing 7.06% to E£43.98 ($0.81), while Korra for Energy and Investment Projects fell 9.25% to E£2.06 ($0.038), making it the session’s biggest loser.
Market breadth was evenly split, with 10 stocks advancing and 10 declining, while none remained unchanged. This suggests that the index’s gains did not translate into a broad-based advance across the stocks tracked.
Uganda’s market extends its gains
The Uganda Securities Exchange (USE) also ended the session in positive territory, with the All Share Index gaining 0.27% to close at 2,622.76 points.
The exchange’s market capitalisation stood at UGX57.19 trillion ($13.33 billion), while total trading volume across the tracked board reached 1.52 million shares.
Although the index’s advance was smaller than Egypt’s, the positive close added to the day’s gains across the selected African markets.
Uganda outperformed the continent’s major exchanges, following its export earnings that jumped 36% year-on-year to $1.5 billion in August 2026, up from $1.1 billion a year earlier, as stronger gold shipments boosted the country’s foreign exchange inflows.
According to the Finance Ministry, gold exports were the main driver of the increase, generating $889 million during the month. This represented a 68.9% rise from the same period last year, showing the growing importance of the precious metal to Uganda’s trade performance.
Higher export earnings help improve the availability of foreign currency, supporting its external position and potentially easing pressure on the local currency.
Zimbabwe records a modest advance
Zimbabwe’s equities market edged higher, with the Zimbabwe Stock Exchange (ZSE) All Share Index rising 0.14% to 478.86 points.
Market capitalisation stood at ZWG110.4 billion ($4.15 billion), with total trading volume reaching 1.62 million shares.
Mashonaland Holdings was the session’s strongest performer, gaining 13.91% to close at ZWG172.00. Zimre Holdings, however, fell 9.75% to ZWG72.00, recording the steepest decline. (Reserve Bank of Zimbabwe’s exchange rate of ZWG 26.5975 per $1)
Trading activity was evenly split among advancing and declining stocks, with 10 gainers and 10 losers. Another 18 stocks closed unchanged, pointing to a mixed session despite the benchmark’s positive performance.
Botswana market remains flat
The Botswana Stock Exchange’s (BSE) Domestic Companies Index finished unchanged at 11,249.53 points, reflecting a pause in the domestic market.
Market capitalisation stood at BWP1.09 trillion ($79.27 billion), while total trading volume reached 666,200 shares.
The large number of unchanged stocks suggests that much of the market saw limited price movement during the session.
What the session tells investors
Thursday’s performance points to differing levels of momentum across the four markets. The session reinforces the importance of looking beyond headline index movements to assess individual stock performance, trading activity and the depth of market participation.
This article is for informational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.