EQTY - Equity Group Holdings Limited
Equity Group Holdings Limited, formerly Equity Bank Limited, is a Kenya-based commercial bank engaged in the business of retail banking, microfinance, and related services to individuals, and small and medium sized enterprises. The company offers various banking products, including current, equity ordinary, super junior investment, Jijenge, equity business and current accounts, and call and fixed deposit accounts. The banking group, which also offers trade finance services such as letters of credit and invoice discounting, operates in six geographical markets, namely, Kenya, Uganda, South Sudan, Rwanda, Tanzania, and Democratic Republic of Congo.
Equity Group’s three customer facing lines of businesses include consumer, small and medium enterprises (SMEs), and corporate. The consumer business line focuses on salaried customers or customers receiving other regular remittances, such as pension. The facilities granted under its SME line of business are for purposes of meeting working capital needs, property development or acquisition of assets. The corporate line of business comprises large enterprises. Equity offers a range of products, including Equity loan, Vijana loan, Fanikisha loan, Farm input, Mortgage loan, Asset finance loan, Trade finance, Development loan, Business Loan and Biashara Imara.
Equity Group Holdings Limited is listed on the Nairobi Securities Exchange (NSE). Equity is traded on the NSE under the ticker symbol “EQTY”. The International Securities Identification Number (ISIN) of NSE:EQTY is KE0000000554. Equity Group Holdings Limited is currently the second most valuable stock on the NSE with a market capitalization of KES 144 billion, which is about 8.77% of the Nairobi Securities Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 37.90 |
| Day’s High Price | 38.50 |
| Traded Volume | 72,200 |
| Number of Deals | 63 |
| Gross Turnover | 2.75M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 3.77B |
| Market Capitalization | 144B |
EQTY Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +3.67% | -16.4% | -16.2% |
| 6MO | 1YR | YTD |
|---|---|---|
| -16.4% | -11.1% | -14.3% |
The current share price of Equity Group Holdings Limited (EQTY) is KES 38.15. EQTY closed its last trading day (Friday, June 2, 2023) at 38.15 KES per share on the Nairobi Securities Exchange (NSE), recording a 0.7% gain over its previous closing price of 37.90 KES. Equity began the year with a share price of 44.50 KES but has since lost 14.3% off that price valuation, ranking it 49th on the NSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that EQTY has lost 16% of the stock’s value from May 4th to date.
Equity Group Holdings is the second most traded stock on the Nairobi Securities Exchange over the past three months (Mar 1 - Jun 2, 2023). EQTY has traded a total volume of 63.8 million shares valued at KES 2.63 billion over the period, with an average of 1.01 million traded shares per session. A volume high of 10.2 million was achieved on March 22nd, and a low of 18,900 on April 24th, for the same period. The table below details the last 10 trading days of activity of Equity on the Nairobi Securities Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2023-06-02 | 72,200 | 38.15 | +0.25 | +0.66% |
| 2023-05-31 | 920,500 | 37.90 | -0.20 | -0.52% |
| 2023-05-30 | 295,600 | 38.10 | +0.70 | +1.87% |
| 2023-05-29 | 35,100 | 37.40 | +0.50 | +1.36% |
| 2023-05-26 | 3,118,400 | 36.90 | +0.10 | +0.27% |
| 2023-05-25 | 775,900 | 36.80 | +0.25 | +0.68% |
| 2023-05-24 | 650,500 | 36.55 | +0.45 | +1.25% |
| 2023-05-23 | 90,500 | 36.10 | -0.45 | -1.23% |
| 2023-05-22 | 1,346,500 | 36.55 | -1.85 | -4.82% |
| 2023-05-19 | 3,468,000 | 38.40 |
Profile of Equity Group Holdings Limited
Equity Group Holdings Limited was founded on October 22, 1984 and operates in the Financials sector, specifically, the Banking industry. Equity Group Holdings contracts an estimated total number of 6,580 employees.
Factsheet of Equity Group Holdings Limited
- Sector
- Financials
- Industry
- Banking
- Address
- Equity Centre, 9th Floor, Hospital Hill Road, Upper Hill, P.O. Box 75104, Nairobi 00200, Kenya
- Telephone
- +254-202-262-000, +254-763-063-000
EQTY Industrial Market Competitors
Equity Group Holdings Limited, issuers of the EQTY stock on the Nairobi Securities 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 |
|---|---|---|---|---|
| BKG | BK Group Plc | 29.7B | 33.15 | +5.24% |
| IMH | I&M Holdings Plc | 27.9B | 16.85 | -0.88% |
| ABSA | Absa Bank Kenya Plc | 63B | 11.60 | -5.69% |
| NCBA | NCBA Group Plc | 61B | 37.00 | -5.97% |
| KCB | KCB Group Limited | 103B | 31.90 | -16.3% |
| HFCK | HF Group Limited | 1.66B | 4.31 | +35.1% |
| GLD | Absa NewGold ETF | 633M | 2,530.00 | +16.9% |
| SCBK | Standard Chartered Bank Limited | 60.1B | 159.00 | +11.4% |
| KNRE | Kenya Re-Insurance Corporation Ltd | 5.43B | 1.94 | +6.01% |
| SBIC | Stanbic Holdings Limited | 41.4B | 104.75 | +2.7% |
