Sub-Saharan Africa’s (excluding South Africa’s) stock markets fell 1.2% in US$ terms in August and are down 12.8% year to date.
US$ returns by market
Eight of the fourteen Sub-Saharan Africa’s (excluding South Africa’s) stock markets have positive US$ returns year to date:
- Malawi 70.7%
- Namibia 20.0%
- Ghana 12.9%
- Zambia 6.2%
- BRVM Cote d’Ivoire 4.0%
- Botswana 3.3%
- Seychelles 2.6%
- Uganda 2.3%
Markets rising in August 2023 include Zimbabwe, Mauritius and Ghana which rose by 6.8%, 4.8% and 3.6% respectively.
Markets falling in August 2023 include Kenya, BRVM Cote d’Ivoire and Nigeria which fell by 7.8%, 1.9%, and 1.2% respectively.
Fundamental valuation outliers
NOTE: Valuation figures are listed as at 31 August 2023. Please click on the company name for the updated share price.
Companies with the highest and lowest Return on Equity
- Airtel Malawi Plc 124.4% with a share price at 100.47 MWK
- Endeavour Mining -2.5% with a share price at 27.95 CAD
Companies with the highest and lowest Price to Earnings Ratio
- Dangote Sugar 102.6x with a share price at 55.00 NGN
- Endeavour Mining, AVZ Minerals, IHS Towers, Nestlé Nigeria and Helios Towers are loss making.
Companies with the highest and lowest Dividend Yield
- MTN Uganda 12.6% with a share price at 170.00 UGX
- IHS Towers, AVZ Minerals and Helios Towers are currently not paying dividends.
Companies with the highest and lowest Price to Book Value Ratio
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