Stocks Rally Globally as BRVM Holds Key Milestone

BREAKING NEWSJune 29, 2025 at 9:21 PM UTC

TLDR

Global markets closed the week mixed, with U.S. indices extending a two-month rally while African exchanges posted selective corrections
On the BRVM, the Composite Index closed below 310 after dipping -0.9% Friday, yet remained above the symbolic 300-point threshold
In developed markets, the S&P 500 (+2.63%), Nasdaq (+3.98%), and Dow Jones (+3.50%) closed the week at record highs

Global markets closed the week mixed, with U.S. indices extending a two-month rally while African exchanges posted selective corrections. On the BRVM, the Composite Index closed below 310 after dipping -0.9% Friday, yet remained above the symbolic 300-point threshold—a level not seen since 2016. Unilever Côte d’Ivoire soared +33.55%, topping weekly gainers, as Filtisac fell -23.75%.

Despite Friday’s pullback, year-to-date BRVM returns remain strong across indices: BRVM 30 is up +11.24%, BRVM Distribution +10.44%, BRVM Prestige +14.24%, illustrating continued investor appetite.

The Johannesburg Stock Exchange (JSE) posted modest declines, with the All Share Index down -0.11% on Friday but maintaining a 4-week gain of 1.2% and +13.99% YTD. Efora Energy (+33.3%) led gainers, while Visual International plunged -50%.

Nigeria’s NGX All-Share Index fell -0.64% Friday, trimming some of its 7.52% 4-week gain, buoyed by MeCure (+9.91%) and dragged by Legend Internet (-9.98%). Meanwhile, the NSE in Kenya rose 1.71% Friday, supported by strong moves in Olympia Capital (+9.19%) and Sameer Africa (+8.95%).

In developed markets, the S&P 500 (+2.63%), Nasdaq (+3.98%), and Dow Jones (+3.50%) closed the week at record highs, defying seasonal “sell in May” patterns. Euro Stoxx 50 and FTSE 100 also rose modestly, while China’s SSE Composite posted a strong +2.25% gain amid improving sentiment.

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Points clés à retenir

Heading into July, global equities face a nuanced setup. While the U.S. rally has pushed the S&P 500 and Nasdaq to all-time highs, investors should watch for volatility tied to U.S. tax reform negotiations and earnings. Historically, July is a seasonally strong month—especially for the Dow and S&P—with average returns of 1.5% and 1.7% respectively. In Africa, BRVM’s resilience stands out. Despite lighter trading volume this week, it boasts double-digit YTD gains across multiple indices, reflecting the region’s relative insulation from global volatility and a growing base of domestic and regional investors. The rally in select stocks has created renewed interest in regional equities, with further upside possible as earnings season begins. For deeper insight into high-potential BRVM picks, premium users on Daba Pro can access our latest exclusive recommendations. Looking ahead, continue monitoring macro signals from Washington, Chinese industrial data, and dividend cycles in African markets. While risks remain, the setup favors selective risk-on positioning globally.

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