ABG - Absa Group Limited
Absa Group Limited is a diversified financial services provider offering integrated set of products and services across personal, business, corporate, and investment banking, as well as credit cards, insurance, and wealth and investment management. Listed on the JSE, the Absa Group is one of Africa’s largest diversified financial services groups with a presence in 12 countries across Africa. With its long-standing operations in the continental markets and its regional and global expertise, Absa has a strong platform to capture the growth opportunity in Africa.
Absa Group currently has operating banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda, and Zambia. Additionally, the group has banking offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania, and Zambia. On the ultra-continental stage, Absa Group has presence in London, operating as Absa Securities UK, and also a representative office in New York.
Absa Group Limited is listed on the Johannesburg Stock Exchange (JSE). Absa is traded on the JSE under the ticker symbol “ABG”. The International Securities Identification Number (ISIN) of JSE:ABG is ZAE000255915. Absa Group Limited is currently the 20th most valuable stock on the JSE with a market capitalization of ZAR 149 billion, which makes about 0.79% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 175.88 |
| Day’s High Price | 180.63 |
| Traded Volume | 3.72M |
| Number of Deals | 10,919 |
| Gross Turnover | 660M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 24.4110 |
| Price/Earning Ratio | 7.22 |
| Dividend Per Share | 11.25 |
| Dividend Yield | 6.38% |
| Shares Outstanding | 848M |
| Market Capitalization | 149B |
ABG Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -2.56% | -3.67% | +12.9% |
| 6MO | 1YR | YTD |
|---|---|---|
| -6.52% | +16.5% | +15.5% |
The current share price of Absa Group Limited (ABG) is ZAR 176.25. ABG closed its last trading day (Tuesday, October 4, 2022) at 176.25 ZAR per share on the Johannesburg Stock Exchange (JSE). Absa began the year with a share price of 152.55 ZAR and has since gained 15.5% on that price valuation, ranking it 55th on the JSE in terms of year-to-date performance.
Absa Group is the 10th most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 7 - Oct 4, 2022). ABG has traded a total volume of 338 million shares—in 492,469 deals—valued at ZAR 59.4 billion over the period, with an average of 5.36 million traded shares per session. A volume high of 112 million was achieved on September 1st, and a low of 976,530 on July 27th, for the same period. The table below details the last 10 trading days of activity of Absa on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2022-10-04 | 3,717,678 | 176.25 | -0.02 | -0.01% |
| 2022-10-03 | 1,490,070 | 176.27 | -0.36 | -0.20% |
| 2022-09-30 | 3,488,750 | 176.63 | +1.46 | +0.83% |
| 2022-09-29 | 2,535,094 | 175.17 | -3.98 | -2.22% |
| 2022-09-28 | 3,924,988 | 179.15 | -1.73 | -0.96% |
| 2022-09-27 | 3,964,172 | 180.88 | +2.03 | +1.14% |
| 2022-09-26 | 3,518,700 | 178.85 | -0.62 | -0.35% |
| 2022-09-23 | 3,834,309 | 179.47 | -2.56 | -1.41% |
| 2022-09-22 | 3,612,151 | 182.03 | -0.97 | -0.53% |
| 2022-09-21 | 3,027,365 | 183.00 |
Profile of Absa Group Limited
Absa Group Limited was founded on October 2, 1986 and operates in the Financials sector, specifically, the Banking industry. Absa Group contracts an estimated total number of 40,856 employees. The company is led by Daniel Mminele as its Group Chief Executive. The company's board of directors, chaired by Wendy Lucas-Bull, is composed of 18 members whose names are listed below.
- Lucas-Bull, Wendy
Independent Non-Executive Chairman - Mminele, Daniel
Group Chief Executive - Matlare, Peter
Deputy Group Chief Executive - Quinn, Jason
Group Financial Director - Hodge, Daniel
Non-Executive Director - Beggs, Colin
Non-Executive Director - Tonelli, Fulvio
Non-Executive Director - Van Wyk, René
Non-Executive Director - Pityana, Sipho
Lead Independent Director - Darko, Alex
Independent Non-Executive Director - Naidoo, Daisy
Independent Non-Executive Director - Okomo-Okello, Francis
Independent Non-Executive Director - Rensburg, Ihron
Independent Non-Executive Director - Merson, Mark
Independent Non-Executive Director - Mjoli-Mncube, Nonhlanhla
Independent Non-Executive Director - Keanly, Rose
Independent Non-Executive Director - Abdool-Samad, Tasneem
Independent Non-Executive Director - Munyantwali, Swithin
Independent Non-Executive Director
Factsheet of Absa Group Limited
- Sector
- Financials
- Industry
- Banking
- Address
- 7th Floor, Absa Towers West, 15 Troye Street, Johannesburg, 2001, South Africa
- Telephone
- +27-11-350-4000
- ir@absa.africa
- Website
- www.absa.africa
ABG Industrial Market Competitors
Absa Group Limited, issuers of the ABG and Absa Bank Preference Shares (+18.16%) stocks on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| INPP | Investec Plc Preference Shares | 113B | 112.00 | +17.9% |
| NED | Nedbank Group Limited | 101B | 197.50 | +12.8% |
| INPR | Investec Ltd Preference Shares | 96.5B | 96.01 | +11.5% |
| SBPP | Standard Bank Preference Shares | 161B | 96.20 | +9.24% |
| SBKP | Standard Bank 6.5% Preference Shares | 1.34B | 0.80 | +6.67% |
| INPPR | Investec Plc Preference Shares - Rand | 85.4B | 84.86 | +6.01% |
| SBK | Standard Bank Group Limited | 244B | 145.46 | +3.89% |
| FSR | FirstRand Limited | 345B | 61.50 | +1.15% |
| FRBP01 | FRB Class A Preference Share | 2.82B | 10,056.10 | |
| CPIP | Capitec Bank Preference Shares | 11.5B | 99.00 | -4.36% |