Sub-Saharan Africa’s (excluding South Africa’s) stock markets rose 0.5% in December and are up 10.2% year to date. Markets falling were Nigeria (down 1.2%), Ghana (down 2.3)% and Zimbabwe (down 4.4%).
The market capitalisation of the Top 30 companies for December 2021 was US$111bn, up 1.7% on November.
US$ returns by market
Six sub-Saharan African stock markets had year-to-date US$ returns above 20% as at 31 December 2021:
- Zimbabwe 153.3%
- Zambia 96.7%
- Seychelles 44.2%
- Ghana 38.3%
- BRVM Côte d’Ivoire 29.3%
- Malawi 27.7%
AVZ Minerals (ASX) and MTN Uganda are new entrants in the Top 30, replacing Africa Oil (TSX) and Access Bank.
Fundamental valuation outliers
NOTE: Valuations figures are listed as at 31 December 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
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