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.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 140.50 |
| Day’s High Price | 145.00 |
| Traded Volume | 1.23M |
| Number of Deals | 3,480 |
| Gross Turnover | 175M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 16.4940 |
| Price/Earning Ratio | 8.57 |
| Dividend Per Share | 3.10 |
| Dividend Yield | 2.19% |
| Shares Outstanding | 848M |
| Market Capitalization | 120B |
ABG Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -1.53% | -1.44% | +5.45% |
| 6MO | 1YR | YTD |
|---|---|---|
| +14.4% | +48.9% | +17.9% |
The current share price of Absa Group Limited (ABG) is ZAR 141.30. ABG closed its last trading day (Thursday, October 21, 2021) at 141.30 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 1.6% drop from its previous closing price of 143.62 ZAR. Absa began the year with a share price of 119.86 ZAR and has since gained 17.9% on that price valuation, ranking it 191st on the JSE in terms of year-to-date performance.
Absa Group is the 36th most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 23 - Oct 21, 2021). ABG has traded a total volume of 151 million shares—in 379,966 deals—valued at ZAR 22.3 billion over the period, with an average of 2.39 million traded shares per session. A volume high of 8.51 million was achieved on September 16th, and a low of 956,385 on July 28th, 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% |
|---|---|---|---|---|
| 2021-10-21 | 1,231,103 | 141.30 | -2.32 | -1.62% |
| 2021-10-20 | 1,892,247 | 143.62 | +0.41 | +0.29% |
| 2021-10-19 | 980,281 | 143.21 | -2.04 | -1.40% |
| 2021-10-18 | 1,186,857 | 145.25 | +2.56 | +1.79% |
| 2021-10-15 | 1,972,880 | 142.69 | -0.81 | -0.56% |
| 2021-10-14 | 1,571,560 | 143.50 | -1.60 | -1.10% |
| 2021-10-13 | 1,524,777 | 145.10 | +0.16 | +0.11% |
| 2021-10-12 | 2,212,243 | 144.94 | +1.94 | +1.36% |
| 2021-10-11 | 1,232,661 | 143.00 | -0.40 | -0.28% |
| 2021-10-08 | 2,933,499 | 143.40 |
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 | |
| Email: ir@absa.africa | Website: www.absa.africa |
ABG Industrial Market Competitors
Absa Group Limited, issuers of the ABG and Absa Bank Preference Shares (+22.91%) 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 |
|---|---|---|---|---|
| INL | Investec Limited | 67.7B | 66.69 | +82% |
| INP | Investec Plc | 66.9B | 65.96 | +75.2% |
| FGL | Finbond Group Ltd | 1.34B | 1.47 | +48.5% |
| NED | Nedbank Group Limited | 88.6B | 174.17 | +34.5% |
| NBKP | Nedbank Ltd Preference Shares | 3.37B | 9.40 | +26.2% |
| SBKP | Standard Bank 6.5% Preference Shares | 1.54B | 0.95 | +21.8% |
| INPR | Investec Ltd Preference Shares | 75.2B | 74.05 | +21% |
| CPI | Capitec Bank Holdings Limited | 197B | 1,694.08 | +18.3% |
| FSRP | FirstRand B Preference Shares | 435B | 77.60 | +17.2% |
| SBPP | Standard Bank Preference Shares | 128B | 79.00 | +12.8% |