Sub-Saharan Africa’s (excluding South Africa’s) stock markets fell 4.3% in June 2022 and are down 0.3% year to date.
The market capitalisation of the Top 30 companies for June 2022 was US$100bn, down 9.3% on May.
US$ returns by market
Six of the fourteen Sub-Saharan Africa’s (excluding South Africa’s) stock markets have positive US$ returns year to date :
- Nigeria 20.9%
- Zambia 12.1%
- Tanzania 9.1%
- Rwanda 7.2%
- Seychelles 5.0%
- Botswana 2.8%
No major markets rose in June 2022. Rwanda and Zambia had positive US$ returns, of 1% and 3.4% respectively in June 2022.
Nigeria, Kenya, BRVM, Mauritius and Zimbabwe fell 2.2%, 4.3%, 4.4%, 7.2% and 34.5% respectively in June 2022.
Fundamental valuation outliers
NOTE: Valuations figures are listed as at 30 June 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 1,400.00 NGN
- Helios Towers -78.4% with a share price at 1.21 GBP
Companies with the highest and lowest Price to Earnings Ratio
- Nigerian Breweries 37.5x with a share price at 58.80 NGN
- AVZ Minerals, IHS Towers and Helios Towers are loss making.
Companies with the highest and lowest Dividend Yield
- Guaranty Trust Bank 14.6% with a share price at 20.50 NGN
- IHS Towers, AVZ Minerals, BUA Foods, Helios Towers and Ireland Blyth are currently not paying dividends.
Companies with the highest and lowest Price to Book Value Ratio
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