Despite macro-economic challenges, the Nigerian stock market has emerged one the top four best performing Exchanges in Africa with a Year-till-Date (YtD) investors returns of 39.44 per cent as of November 28.
THISDAY analysis of equities market performance in Africa showed that Malawi Stock Exchange (MSE), followed by Ghana Stock Exchange (GSE), and Lusaka Securities Exchange (LuSE) were the best performing Exchanges in Africa.
MSE ASI in its 2025 YtD growth stood at 259.98 per cent while GSE-CI and LuSE YtD performance growth stood at 76.13 per cent and 63 per cent, respectively.
According to a report, MSE ASI has maintained a bullish run for the greater part of 2025, marked by rising share prices and trading activity. The report noted that MSE ASI’s YtD performance underscores growing investor confidence in Malawi’s financial markets, driven by strong corporate earnings, high liquidity, and limited alternative investment channels amid double-digit inflation.
Another report stated that the surge in trading activity,combined with a over 127 per cent market cap-to-Gross Domestic Product (GDP) ratio, highlights deepening market participation and the growing role of equities in domestic wealth creation.
Analysts attributed part of the momentum to increased institutional investment and resilient bank performance, supported by reforms in monetary policy and financial transparency.
If current trends continue, the MSE ASI could close 2025 as Africa’s best-performing Exchange for a second consecutive year, strengthening Malawi’s position as a standout frontier investment destination.
For GSE-CI, its 20255 growth is underpinned by an improving economy and strengthening cedi currency, while that of LuSE ASI was driven by strong investor confidence and market momentum.
