SBK - Standard Bank Group Limited

Apr 17, 2024 at 19:49 Twitter · Facebook

SBK share price on Johannesburg Stock Exchange

Standard Bank Group operates as a bank. The Company offers various types of financial services such as wealth management, money transaction, saving accounts, borrowing, lending, insurance, and advisory services. Standard Bank Group serves customers worldwide.

Standard Bank Group Ltd. is the holding company for the interests of the group, an African financial services organisation with South African roots. It is South Africa's largest banking group by assets and currently operates in 20 countries in sub-Saharan Africa. Standard Bank's strategic position enables them to connect Africa to other selected emerging markets and pools of capital in developed markets.

Headquartered in Johannesburg, South Africa, the group's primary listing is on the JSE and its secondary listings on A2X Markets and the Namibian Stock Exchange (NSX). Subsidiary entities are listed on exchanges in Kenya, Malawi, Namibia, Nigeria and Uganda.

Standard Bank Group Ltd provides banking and other financial services for its customers in roughly 20 countries in sub-Saharan Africa. Its two biggest business segments are personal and business banking and corporate and investment banking....

Standard Bank Group Limited is listed on the Johannesburg Stock Exchange (JSE). Standard is traded on the JSE under the ticker symbol “SBK”. The International Securities Identification Number (ISIN) of JSE:SBK is ZAE000109815. Standard Bank Group Limited is currently the 11th most valuable stock on the JSE with a market capitalization of ZAR 281 billion, which is about 1.5% of the Johannesburg Stock Exchange equity market.

SBK Stock Market Performance

The current share price of Standard Bank Group Limited (SBK) is ZAR 167.07. SBK closed its last trading day (Wednesday, April 17, 2024) at 167.07 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 2.8% drop from its previous closing price of 171.83 ZAR. Standard began the year with a share price of 208.10 ZAR but has since lost 19.7% off that price valuation, ranking it 346th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that SBK has lost 10% of the stock’s value from March 15th to date.

Standard Bank Group is the 19th most traded stock on the Johannesburg Stock Exchange over the past three months (Jan 17 - Apr 17, 2024). SBK has traded a total volume of 221 million shares—in 593,249 deals—valued at ZAR 42.4 billion over the period, with an average of 3.51 million traded shares per session. A volume high of 14.7 million was achieved on March 15th, and a low of 1.42 million on February 13th, for the same period. The table below details the last 10 trading days of activity of Standard Bank on the Johannesburg Stock Exchange.

Profile of Standard Bank Group Limited

Standard Bank Group Limited was founded on November 25, 1969 and operates in the Financials sector, specifically, the Banking industry. Standard Bank Group contracts an estimated total number of 50,707 employees.

SBK Industrial Market Competitors

Standard Bank Group Limited, issuers of the SBK, Standard Bank 6.5% Preference Shares (-4.55%) and Standard Bank Preference Shares (-5.23%) 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