ABG - Absa Group Limited

Apr 26, 2024 at 12:16 Twitter · Facebook

ABG share price on Johannesburg Stock Exchange

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 23rd most valuable stock on the JSE with a market capitalization of ZAR 124 billion, which makes about 0.643% of the Johannesburg Stock Exchange equity market.

ABG Stock Market Performance

The current share price of Absa Group Limited (ABG) is ZAR 139.29. ABG closed its last trading day (Thursday, April 25, 2024) at 138.33 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.1% gain over its previous closing price of 138.20 ZAR. Absa began the year with a share price of 163.71 ZAR but has since lost 15.5% off that price valuation, ranking it 320th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that ABG has lost 6% of the stock’s value from March 26th to date.

Absa Group is the 23rd most traded stock on the Johannesburg Stock Exchange over the past three months (Jan 25 - Apr 25, 2024). ABG has traded a total volume of 185 million shares—in 477,844 deals—valued at ZAR 28.6 billion over the period, with an average of 2.93 million traded shares per session. A volume high of 10.4 million was achieved on March 20th, and a low of 914,791 on February 19th, for the same period. The table below details the last 10 trading days of activity of Absa on the Johannesburg Stock Exchange.

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.

1. Lucas-Bull, Wendy
   Independent Non-Executive Chairman
2. Mminele, Daniel
   Group Chief Executive
3. Matlare, Peter
   Deputy Group Chief Executive
4. Quinn, Jason
   Group Financial Director
5. Hodge, Daniel
   Non-Executive Director
6. Beggs, Colin
   Non-Executive Director
7. Tonelli, Fulvio
   Non-Executive Director
8. Van Wyk, René
   Non-Executive Director
9. Pityana, Sipho
   Lead Independent Director
10. Darko, Alex
    Independent Non-Executive Director
11. Naidoo, Daisy
    Independent Non-Executive Director
12. Okomo-Okello, Francis
    Independent Non-Executive Director
13. Rensburg, Ihron
    Independent Non-Executive Director
14. Merson, Mark
    Independent Non-Executive Director
15. Mjoli-Mncube, Nonhlanhla
    Independent Non-Executive Director
16. Keanly, Rose
    Independent Non-Executive Director
17. Abdool-Samad, Tasneem
    Independent Non-Executive Director
18. Munyantwali, Swithin
    Independent Non-Executive Director

ABG Industrial Market Competitors

Absa Group Limited, issuers of the ABG and Absa Bank Preference Shares (-3.28%) 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.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange