Sub-Saharan Africa’s (excluding South Africa’s) stock markets fell 2.8% in May 2022 but are up 4.2% year to date.
The market capitalisation of the Top 30 companies for May 2022 was US$111bn, down 2.6% on April.
US$ returns by market
Eight of the fourteen Sub-Saharan Africa’s (excluding South Africa’s) stock markets have positive US$ returns year to date :
- Zimbabwe 27.2%
- Nigeria 23.7%
- Tanzania 9.8%
- Zambia 8.4%
- Rwanda 6.1%
- Mauritius 4.5%
- Seychelles 3.1%
- Botswana 1.6%
Nigeria, Rwanda, Tanzania and Botswana rose 6.8%, 2.6%, 2.2% and 1.0% respectively in May 2022.
Ghana, Kenya, Malawi and Zimbabwe fell 8.1%, 14.9%, 16.3% and 32.8% respectively in May 2022.
Fundamental valuation outliers
NOTE: Valuations figures are listed as at 30 May 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 1,440.00 NGN
- Helios Towers -75.3% with a share price at 1.14 GBP
Companies with the highest and lowest Price to Earnings Ratio
- Econet Wireless 47.3x with a share price at 238.42 ZWL
- AVZ Minerals, IHS Towers and Helios Towers are loss making.
Companies with the highest and lowest Dividend Yield
- Guaranty Trust Bank 13.3% with a share price at 22.55 NGN
- IHS Towers, AVZ Minerals, BUA Foods and Helios Towers are currently not paying dividends.
Companies with the highest and lowest Price to Book Value Ratio
Download the full report
Sign up to The Investor Mailing List to receive equities reports for listed companies in Sub-Saharan African markets in your email inbox, and to AfricanFinancials’ Equity Valuation Insights LinkedIn page for access to African stock market valuation insights, annual and earnings reports.