Weekly Signal23 OCTOBER 2026

AT50 Index

1,440.07
+1.31(+0.09%) Weekly Ending
+71.07(+5.19%) Since Launch

Weekly Contribution (pts)

Index behaviour

  • •Ten verified event adjustments drove weekly movement of +1.31 points (+0.09%): eight positive (+1.67 points), partly offset by two negative (−0.36 points).
  • •MNT-Halan contributed 67.2% of the net weekly increase on completing its IPO and commencing trading on the EGX.
  • •Payments infrastructure, product expansion and new-market deployment supported gains, partly offset by operational and litigation-related developments.
  • •Constituent changes: MNT-Halan (MNTH) was replaced by Watu (WATU) after the 20 October close; Twiga (TWGA) was replaced by Nala (NALA) after the 23 October close following an MIC determination of Gate 3 ineligibility.
  • •Both replacements maintained AT50’s 50-constituent composition and index-level continuity, without additional index-point adjustments.
  • •The Andela adjustment was applied prospectively following MIC review, without restating previously published levels.

Drivers

MNT-HalanCompleted its IPO and commenced trading on the Egyptian Exchange (HALN), marking its transition from private to public markets+0.88 pts
SpiroLaunched 100 electric motorcycles and battery-swapping operations in Accra, Ghana+0.18 pts
LemfiDisclosed $2 billion in monthly transaction volume, a live eSIM offering across 100+ destinations and a rebuilt multi-product app+0.14 pts
PaymobPreliminary incorporation approval from Egypt’s FRA for Paymob SME Finance (not an operating licence)+0.11 pts
OPayExpanded recurring-payment capabilities through EBANX’s OPay Direct Debit integration+0.11 pts
MoneyfellowsDisclosed EGP 150 billion in cumulative ROSCA transaction activity+0.11 pts
PaymobIntegrated with Toothpick for UAE healthcare payments+0.07 pts
FlutterwaveIntroduced an employee equity-backed liquidity programme with Techdollar and Nuvion+0.07 pts
FlutterwavePayment-service disruptions-0.18 pts
AndelaA US federal court denied a motion to dismiss certain whistleblower-retaliation claims; no final determination of liability was made-0.18 pts
Rules based, audit trackedQuarterly benchmark, weekly signalNo forward-looking adjustments
Indexa Exchange Group
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Movers
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