The clearest split in the week to June 12, 2026 came down to 2 numbers: Brent crude fell 7.2% over the week to $87.51 a barrel, while gold rose 3.7% to $4,240.2 an ounce. For African equities, that divergence immediately reshuffled relative winners across oil producers, South African miners and agricultural names tied to cocoa and cotton.
Key figures
- Brent: $87.51, down 3.2% on the day and 7.2% on the week
- Gold: $4,240.2, up 3.7% on the week
- Silver: $68.12, up 6.6%
- Platinum: $1,707.9, higher by 2.7%
- Cocoa: $3,886, up 4.7%
African stock markets today: commodities, not headlines, drove the weekly split
Across African stock markets today, the week effectively broke into 2 camps. Johannesburg was supported by rising gold, silver, platinum and palladium prices, giving a direct earnings tailwind to heavyweight miners such as AngloGold Ashanti, Gold Fields, Harmony Gold, and platinum group metal producers including , Impala Platinum and Sibanye-Stillwater. Lagos, by contrast, had to digest the negative read-through from weaker oil for , Oando, TotalEnergies Marketing Nigeria, Conoil and Eterna.