The defining story across African stock markets today was not a single earnings release or one exchange-specific shock, but a global macro reset: Brent crude fell 9.0% over the week to $90.38 a barrel, while gold rose 1.5% to $4,857.6, silver climbed 4.0% to $81.74, and platinum added 1.4% to $2,124.5. That combination reshuffled sector leadership across the continent. South African miners surged, Casablanca found support in commodity-linked names and large caps, and Tunis kept extending what is now the strongest year-to-date run among the seven exchanges covered here, with the TUNINDEX at 15,716.25 points, up 16.85% in 2026.
The contrast was sharp by the end of the week. In Johannesburg, the JSE All Share rose 2.13% to 121,249.37 points, with the Top 40 up 2.38% at 113,485.58. In Casablanca, the MASI gained 2.66% to 19,238.41 points, while Lagos’ NGX ASI advanced 1.71% to 1,657.43. By comparison, the BRVM remained steadier, with the BRVM Composite up 0.43% to 399.03 points, reflecting a market driven more by capital operations, dividend announcements and banking news than by a broad commodity trade.
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