African Stock Market Closing Report | South Africa's stock index rose nearly 2.3% in July, while Nigeria's stock market surged over 16.5%.

On Thursday, the South African FTSE/JSE Africa Top 40 traded index fell by 0.89% to 90781.37 points. It had reached a closing record high of 92457 points on July 23, and a intraday record high of 92825.17 points, continuing to fluctuate at high levels. In July, the index rose by 2.28%. The South African Rand has fallen by approximately 2.50% against the US dollar so far in July. The Nigerian Stock Exchange All Share Index rose by 16.56%, hitting consecutive all-time closing highs since early July. The Mauritius Stock Exchange SEMDEX index rose by 5.15%, while the Nairobi Stock Exchange All Share Index rose by 4.43%.