Sub-Saharan Africa’s (excluding South Africa’s) stock markets fell 2.2% in July 2022 and are down 2.5% year to date.
The market capitalisation of the Top 30 companies July 2022 was US$99 billion, down 1.0% on June.
US$ returns by market
Five of the fourteen Sub-Saharan Africa’s (excluding South Africa’s) stock markets have positive US$ returns year to date:
- Zambia 15.9%
- Nigeria 14.6%
- Tanzania 7.2%
- Rwanda 6.6%
- Seychelles 5.1%
Kenya, Malawi and Zambia rose by 12.4%, 9.5% and 3.4% respectively in July 2022.
Nigeria, Mauritius, Ghana and Zimbabwe fell by 5.2%, 5.3%, 6.9% and 33% respectively in July 2022.
Fundamental valuation outliers
NOTE: Valuations figures are listed as at 31 July 2022. Please click on the company name for the updated share price.
Companies with the highest and lowest Return on Equity
- Nestle Nigeria 215.4% with a share price at 1,262.30 NGN
- Helios Towers -78.2% with a share price at 1.44 GBP
Companies with the highest and lowest Price to Earnings Ratio
- Endeavour Mining 34.0x with a share price at 25.26 CAD
- AVZ Minerals, IHS Towers and Helios Towers are loss making.
Companies with the highest and lowest Dividend Yield
- Guaranty Trust Bank 15.1% with a share price at 19.85 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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