Kenya Leads African Stock Markets with Strongest Weekly Gain

NAIROBI, Kenya— Kenya led African stock markets in the week ending June 13, 2025, posting the strongest performance across the continent.

The Nairobi Securities Exchange All Share Index (NSE-ASI) surged by 8.88%, boosting its year-to-date gain to 19.53% in local currency and 19.68% in USD, according to data compiled by African-Markets.com.

Zambia followed closely with a 7.02% weekly rise in its LuSE All Share Index, pushing its 2025 performance to 32.68% in local terms and an impressive 51.86% in USD the highest return on the continent so far this year.

In East Africa, the region posted mixed results. While Kenya took the lead, Uganda’s USE All Share Index recorded a modest gain of 0.67%.

Rwanda’s RSE ASI slipped slightly by 0.09%, and Tanzania’s DSE ASI fell by 1.92%, though it still holds a positive year-to-date return of 7.73% in local currency and 1.51% in USD.

Southern Africa also delivered a varied performance. Zambia and Malawi stood out as the region’s top performers.

Malawi’s MSE ASI gained 3.84% over the week, contributing to a remarkable 68.85% year-to-date rise in local terms, the highest on the continent.

In contrast, Mauritius and Namibia registered the steepest weekly declines.

The SEM ASI in Mauritius dropped by 3.63%, while Namibia’s NSX Overall Index (NSX OI) fell by 3.94%. South Africa’s JSE ASI also declined, falling by 1.08%, but it continues to show resilience with a year-to-date gain of 13.35%.

In North Africa, markets showed minor declines. Morocco’s MASI index dipped by 0.78% during the week, though it remains the region’s best-performing index with a 38.16% year-to-date rise in local terms and 22.80% in USD.

Egypt’s EGX 30 was down 0.51%, while Tunisia’s TUNINDEX slipped by 1.45%.

West African markets demonstrated relative strength.

 Ghana’s GSE Composite Index rose by 2.82%, extending its year-to-date growth to 26.30%. Nigeria’s NGX ASI added 0.71%, while the BRVM Composite Index representing the Francophone West African bloc climbed by 1.36%.

The week’s data underscores Kenya’s market resurgence and Zambia’s consistent rally, amid varying investor sentiments and economic dynamics across the continent.

As some markets grapple with local challenges, others continue to attract investor confidence, highlighting the diverse and shifting landscape of African capital markets.