African Stock (Securities) Exchanges Live
Africa is, without doubt, a region of immense economic potential only hindered by unstable political regimes, weak public institutions, and lackluster policy enactments. However, recent years have seen big strides in these areas making for a positive outlook for the continent. After experiencing its slowest growth in a period of over 20 years in 2016, the economy of the continent is set to rebound at an accelerated pace on the back of significant improvements in monetary policies and increased investments in infrastructure. Issuance of sovereign bonds from several countries on international capital markets further attests to the global positive sentiment toward the region. In line with this continental development, this platform attempts to make easily accessible relevant information on publicly traded companies across the various African stock exchanges to help investors identify the best line of approach to enter the market. Students and researchers can benefit likewise.
|GSE-CI Index||Year-to-Date||Market Cap.|
|2,547.12 (+26.25)||+858.03 (50.8%)||GHS 59.08Bn|
The Ghana Stock Exchange (GSE), incorporated in July 1989, is the principal stock exchange of Ghana located in the country capital Accra. The Exchange had its first trading activity on November 12, 1990. In April 1994, it converted into a public company limited by guarantee. Since then, the GSE's performance has varied greatly. All ordinary shares (with the exception of those of listed companies that have shares listed on other markets) are included in the main stock index, namely, the GSE Composite Index. This index is a market capitalization weighted index with a base value of 1,000 on December 31, 2010. The Exchange is governed by a council with representation from the listed companies, licensed dealing members, insurance companies, and the general public.
|NASI Index||Year-to-Date||Market Cap.|
|164.82 (+1.69)||+31.48 (23.61%)||KES 2.75Tr|
The Nairobi Securities Exchange (NSE) is the leading securities exchange in East Africa. It was constituted in 1954 as a voluntary association of stockbrokers registered under the Societies Act. In 2008, the NSE All Share Index (NASI) was introduced as a market capitalization weighted index consisting of all the securities on the exchange, with a base value of 100 as of January 2008. Its attention and measure is therefore on the overall market capitalization rather than the price movements of select counters, effectively making it the benchmark index for the Kenyan stock market. The NSE is a member of the African Securities Exchanges Association and East African Securities Exchanges Association; also an affiliate member of the World Federation of Exchanges.
|NSE-ASI Index||Year-to-Date||Market Cap.|
|36,792.60 (+89.02)||+9,917.98 (36.9%)||NGN 12.69Tr|
The Nigerian Stock Exchange (NSE), founded in 1960 as the Lagos Stock Exchange, services the largest economy in Africa. It provides access to capital for Nigerian and international companies that take advantage of the capital market to fund their strategic business expansion. A registered company limited by guarantee, the NSE is regulated by the Securities and Exchange Commission of Nigeria and licensed under the Investments and Securities Act. All listings are included in the NSE All-Share Index, which was formulated in January 1984 with a base value of 100. Only ordinary shares are included in the computation of this index. The NSE is a founding member of the African Securities Exchanges Association and also a foundation member of the World Economic Forum.
|ZSE-IND Index||Year-to-Date||Market Cap.|
|387.38 (-45.34)||+242.85 (168.03%)||USD 11.07Bn|
History of the Zimbabwe Stock Exchange (ZSE) dates back to 1896 when Cecil Rhodes founded the first exchange in Bulawayo. However, the Exchange's true antecedent is the one founded in 1946 by Alfred Mulock Bentley; and after the Zimbabwe Stock Exchange Act was passed into law in 1976, the modern-day ZSE came into being. In 1993, certain regulations were repealed to allow foreign participation on the exchange although limited by a maximum holding of 15% individually or 49% collectively in any listed company. Today, the ZSE operates under the supervision of the Securities and Exchange Commission of Zimbabwe (SECZ) which in 2009 established the Investor Protection Fund to provide compensation to investors who suffer losses as a direct consequence of malpractice on the part of a market player or in the event of insolvency of such entity. The SECZ, as a statutory body, also determines the level of capitalization required for members of the Exchange.