Weekly Signal30 OCTOBER 2026
AT50 Index
1,440.02
-0.05(+0.00%) Weekly Ending
+71.02(+5.19%) Since Launch
Weekly Contribution (pts)
- GOTYME BANK+0.35
- AFRICA MOBILE NETWORKS+0.20
- STITCH+0.18
- INTERSWITCH+0.14
- PAYMOB-0.07
- MONIEPOINT-0.11
- FLUTTERWAVE-0.21
- OPAY-0.53
Index behaviour
- •Nine verified event adjustments drove weekly movement of −0.05 points (−0.003%): five positive (+1.57 points), offset by four negative (−1.62 points).
- •The AT50 Index closed broadly unchanged despite significant constituent-level developments.
- •OPay’s amended IPO filing contributed +0.70 points, more than reversed by the subsequent withdrawal of its NYSE offering (−1.23 points).
- •Financial performance, infrastructure expansion and payment innovation supported gains, offset by operational and organisational developments.
- •There were no constituent additions or removals during the week; OPay remains a private AT50 constituent and the benchmark maintained its 50-constituent composition.
- •OPay’s withdrawal was reflected in the 30 October closing calculation, with subsequent public confirmation recorded without an additional index adjustment.
Drivers
Gotyme BankReported 25% growth in total income to R2.72 billion, 41% growth in fee income and 126% growth in net customer advances to R5.08 billion+0.35 pts
Africa Mobile NetworksActivated its 2,000th Nigerian base station, extending connectivity to more than 4.7 million people+0.20 pts
StitchInvestment from Circle Ventures through subsidiary CrissCross to support stablecoin-powered payments across 30+ African markets+0.18 pts
InterswitchLive tokenised tap-to-pay programme with five Nigerian banks, supporting Google Pay, Apple Pay and bank-app payments+0.14 pts
PaymobMajor disruption to its Egypt Instant Settlement service, alongside a separate bank-host POS incident-0.07 pts
FlutterwaveNew multi-market payment-service disruptions affecting card payments, mobile-money payouts and collections-0.21 pts
OPayProposed NYSE offering withdrawn before trading commenced, following a regulatory inquiry in a foreign jurisdiction-1.23 pts
Rules based, audit trackedQuarterly benchmark, weekly signalNo forward-looking adjustments
Indexa Exchange Group