ABSP - Absa Bank Preference Shares
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 154th most valuable stock on the JSE with a market capitalization of ZAR 3.76 billion, which is about 0.02% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 747.02 |
| Day’s High Price | 774.31 |
| Traded Volume | 2,820 |
| Number of Deals | 18 |
| Gross Turnover | 2.13M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | 63.93 |
| Dividend Yield | 8.41% |
| Shares Outstanding | 4.94M |
| Market Capitalization | 3.76B |
ABSP Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -2.54% | -6.17% | -9.85% |
| 6MO | 1YR | YTD |
|---|---|---|
| -15.1% | -8.98% | -12.1% |
The current share price of Absa Bank Preference Shares (ABSP) is ZAR 760.00. ABSP closed its last trading day (Monday, June 5, 2023) at 760.00 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 1.9% drop from its previous closing price of 775.00 ZAR. Absa Bank Preference Shares began the year with a share price of 864.99 ZAR but has since lost 12.1% off that price valuation, ranking it 304th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that ABSP has lost 6% of the stock’s value from May 8th to date.
Absa Bank Preference Shares is the 315th most traded stock on the Johannesburg Stock Exchange over the past three months (Mar 2 - Jun 5, 2023). ABSP has traded a total volume of 302,067 shares—in 1,366 deals—valued at ZAR 239 million over the period, with an average of 4,795 traded shares per session. A volume high of 30,016 was achieved on May 2nd, and a low of 32 on March 13th, 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.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2023-06-05 | 2,820 | 760.00 | -15.00 | -1.94% |
| 2023-06-02 | 1,859 | 775.00 | -2.76 | -0.35% |
| 2023-06-01 | 2,094 | 777.76 | -12.23 | -1.55% |
| 2023-05-31 | 904 | 789.99 | +9.49 | +1.22% |
| 2023-05-30 | 1,246 | 780.50 | +0.70 | +0.09% |
| 2023-05-29 | 1,799 | 779.80 | -0.20 | -0.03% |
| 2023-05-26 | 2,050 | 780.00 | +20.00 | +2.63% |
| 2023-05-25 | 1,589 | 760.00 | ||
| 2023-05-24 | 4,393 | 760.00 | +15.00 | +2.01% |
| 2023-05-23 | 6,565 | 745.00 |
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
ABSP Industrial Market Competitors
Absa Group Limited, issuers of the ABSP and Absa Group Limited (-18.4%) 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 | 314M | 114.00 | +1.79% |
| FSR | FirstRand Limited | 350B | 62.43 | +0.5% |
| CPIP | Capitec Bank Preference Shares | 11.7B | 100.50 | -0.5% |
| NED | Nedbank Group Limited | 105B | 211.33 | -0.59% |
| INPPR | Investec Plc Preference Shares - Rand | 11.8M | 90.00 | -1.1% |
| INP | Investec Plc | 74.1B | 106.41 | -1.17% |
| INL | Investec Limited | 31.6B | 105.73 | -1.65% |
| INPR | Investec Ltd Preference Shares | 2.21B | 89.00 | -5.07% |
| SBK | Standard Bank Group Limited | 265B | 158.20 | -5.72% |
| SBKP | Standard Bank 6.5% Preference Shares | 1.26B | 0.75 | -6.25% |