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Safaricom, Airtel Africa, Helios Towers reach all time highs in August 2021

By Published On: September 15th, 2021

Sub-Saharan Africa’s (excluding South Africa’s) stock markets rose 1.7% in August and 6.6% year to date. Markets rose across Sub-Saharan Africa with the exception of Zimbabwe, down 6%.

The market capitalisation of the Top 30 companies for August 2021 was US$80.1bn, down 0.7% on the month but up 5.3% year to date.

US$ returns by market

Four sub-Saharan African stock markets have year-to-date US$ returns above 20%:-

Safaricom, Airtel Africa and Helios Towers reached new all time highs in the month ending 31 August 2021.

Notably, Africa Oil Corp. (listed on the Toronto Stock Exchange) is a new entrant in the Top 30 Report.

Fundamental valuation outliers

NOTE: Valuations figures are listed as at 31 August 2021. Please click on the company name for the updated share price.

Companies with the highest and lowest Return on Equity

Companies with the highest and lowest Price to Earnings Ratio

Companies with the highest and lowest Dividend Yield

Companies with the highest and lowest Price to Book Value Ratio

Download the full report

Hartland-Peel Africa Equity Research manages one of the most comprehensive sources of financial information on Sub-Sahara Africa ex South Africa (SSA ex SA) listed companies, stock markets and sectors going back on a monthly basis to 1990. We also have developed SSA ex SA indices and regional sub-indices to provide investment return data and have stock exchange indices, FX rates, inflation, commodity data, stock price data and company financial information on some 200 plus companies. Hartland-Peel Africa Equity Research, established in 1990, was founded by Christopher Hartland-Peel who has worked extensively in emerging markets – with the IFC in Washington DC, the Asian Development Bank, USAID, and Standard Bank and Exotix in London. In the 1990s he was based in Nairobi working on privatisation and financial market development where he realised there was little or no effective research done on sub-Saharan stock markets. His book, “African Equities, a guide to markets and companies” was published by Euromoney Books in 1996 and the data base represents a continuation of this.
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