African stock market closing report: Nigerian stock index up more than 0.4%, marking the longest streak of continuous record highs since March last year.

On Monday, the South African FTSE/JSE Africa Top 40 Index fell by 0.40% to 89047.54 points, experiencing continued high volatility recently. The index reached a historical high during trading on July 7th at 89623.71 points and again on July 10th at 90419.24 points. The Nigerian Stock Exchange All Share Index rose by 0.43% to 127,000 points, continuously hitting new record highs since July 7th - the longest streak of reaching historical highs since March 2024. This has led to a 27% cumulative return for the country's currency in the past 52 weeks - double the increase of the MSCI Emerging Markets Europe, Middle East, and Africa Index during the same period. Since mid-2020, the Nigerian stock index has been steadily climbing from around 20,000 points. The Stock Exchange of Mauritius SEMDEX Index fell by 0.05%, and the Nairobi Stock Exchange All Share Index fell by 0.86%.