ABSP - Absa Bank Preference Shares

Dec 11, 2023 at 13:54 Twitter · Facebook

ABSP share price on Johannesburg Stock Exchange

Absa Bank Limited is incorporated and domiciled in South Africa and provides retail, business, corporate, investment banking, and wealth management products and services. The company and its subsidiaries (the bank) operate primarily in South Africa and employ 25,978 people. The ABSP stock is the company's preference shares listed on the JSE.

Absa Bank Preference Shares is listed on the Johannesburg Stock Exchange (JSE). Absa Bank Preference Shares is traded on the JSE under the ticker symbol “ABSP”. The International Securities Identification Number (ISIN) of JSE:ABSP is ZAE000079810. Absa Bank Preference Shares is currently the 153rd most valuable stock on the JSE with a market capitalization of ZAR 3.64 billion, which is about 0.02% of the Johannesburg Stock Exchange equity market.

ABSP Stock Market Performance

The current share price of Absa Bank Preference Shares (ABSP) is ZAR 744.97. ABSP closed its last trading day (Friday, December 8, 2023) at 735.70 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.2% gain over its previous closing price of 734.00 ZAR. Absa Bank Preference Shares began the year with a share price of 864.99 ZAR but has since lost 15% off that price valuation, ranking it 295th on the JSE in terms of year-to-date performance.

Absa Bank Preference Shares is the 316th most traded stock on the Johannesburg Stock Exchange over the past three months (Sep 12 - Dec 8, 2023). ABSP has traded a total volume of 241,456 shares—in 2,419 deals—valued at ZAR 180 million over the period, with an average of 3,833 traded shares per session. A volume high of 13,718 was achieved on September 20th, and a low of 18 on November 24th, for the same period. The table below details the last 10 trading days of activity of Absa Bank Preference Shares 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

ABSP Industrial Market Competitors

Absa Group Limited, issuers of the ABSP and Absa Group Limited (-17.67%) 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