"We had Lungu winning but as always there will be an appeal from the opposition," said Aberdeen's Szabo. "The problem is with any contested election; if they become really close, you can have some noise."
There was reassuring news for big central European economies like Poland, the Czech Republic and Hungary, meanwhile, as investor morale in Germany, their biggest export partner, picked up slightly after taking a hit by Britain's June Brexit vote.
The Czech economy also grew a touch faster between April and June than had been forecast, Prague said, expanding 0.9 percent in the second quarter and 2.5 percent year-on-year.
"Economic sentiment is recovering somewhat from the Brexit shock," German ZEW President Achim Wambach said. "Political risks within and outside the European Union, however, continue to inhibit a more optimistic economic outlook for Germany."
Turkish stocks drifted lower after reports that Turkish police had simultaneously raided 44 companies in Istanbul and had warrants to detain 120 company executives as
part of the investigation into last month's attempted military coup.
Since the coup, more than 35,000 people have been detained, of whom 17,000 have been placed under formal arrest, and tens of thousands more suspended in a purge of Turkey's military, law-and-order, education and justice systems.
The Turkish lira was at a post-coup attempt high of 2.993 per dollar.
Emerging Markets Prices from Reuters
Equities Latest Net Chg % Chg % Chg
on year
Morgan Stanley
Emrg Mkt Indx 918.13 +2.27 +0.25 +15.61
Czech Rep 859.65 -1.65 -0.19 -10.11
Poland 1847.54 -10.16 -0.55 -0.62
Hungary 27696.46 -172.33 -0.62 +15.78
Romania 6845.59 +56.54 +0.83 -2.27
Greece 574.05 -2.07 -0.36 -9.08
Russia 986.09 +13.99 +1.44 +30.26
South Africa 45766.39 +462.51 +1.02 -0.07
Turkey 78200.21 -272.35 -0.35 +9.02
China 3110.48 -14.72 -0.47 -12.11
India 28071.92 -80.48 -0.29 +7.48