Jumia Technologies (JMIA) Shares Surge 1.85% on Back-to-Back Gains Amid Sector Optimism

Jumia Technologies (JMIA) shares surged 1.85% on Friday, marking two consecutive days of gains that propelled the stock to a 10.85% increase over the past two trading sessions. The price reached its highest level since September 2025, with an intraday peak of 5.65% above recent levels, signaling renewed investor confidence in the African e-commerce giant.

While no direct corporate announcements or market-moving news were tied to the rally, analysts noted the momentum aligns with broader sector optimism. Jumia’s recent performance has drawn attention amid growing speculation about its potential to capitalize on expanding digital commerce across the continent. The stock’s rebound contrasts with its historical volatility, reflecting improved risk appetite among investors tracking its strategic pivot toward logistics and financial services.

Market participants observed that the move follows a period of consolidation, with the stock having traded in a narrow range for much of the preceding quarter. Technical indicators suggest buyers are stepping in at key resistance levels, though long-term sustainability remains contingent on the company’s ability to deliver consistent revenue growth and operational efficiency. For now, the upward trend underscores Jumia’s resilience as a bellwether for Africa’s evolving tech landscape.