Sub-Saharan Africa’s (excluding South Africa’s) stock markets fell 1.5% in March 2022 but are up 3.2% year to date.
The market capitalisation of the Top 30 companies for March 2022 was US$117bn, up 0.1% on February.
US$ returns by market
Ten of the fourteen Sub-Saharan Africa’s (excluding South Africa’s) stock markets have positive US$ returns year to date :
- Zimbabwe 22.1%
- Nigeria 9.4%
- Tanzania 6.5%
- BRVM 6.1%
- Botswana 6.1%
- Namibia 5.6%
- Zambia 3.9%
- Mauritius 2.6%
- Seychelles 2.1%
- Rwanda 0.3%
Econet Wireless (Zimbabwe) is a new entrant in the Top 30, replacing Nigerian Breweries (Nigeria), a founding Top 30 member.
Fundamental valuation outliers
NOTE: Valuations figures are listed as at 31 March 2022. Please click on the company name for the updated share price.
Companies with the highest and lowest Return on Equity
- Nestle Nigeria 187.3% with a share price at 1,395.00 NGN
- Helios Towers -72.3% with a share price at 1.15 EUR
Companies with the highest and lowest Price to Earnings Ratio
- Tanzania Breweries 35.4x with a share price at 10,900 TZS
- AVZ Minerals, IHS Towers and Helios Towers are loss making.
Companies with the highest and lowest Dividend Yield
- Zenith Bank 13.8% with a share price at 22.40 NGN
- IHS Towers, AVZ Minerals, BUA Foods, Helios Towers and Africa Oil are currently not paying dividends.
Companies with the highest and lowest Price to Book Value Ratio
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