Finance

Market capitalization of Africa's key markets slowed to $1,120.8 bln

Thursday, 11 July 2019 18:10
Market capitalization of Africa's key markets slowed to $1,120.8 bln

(Ecofin Agency) - As at July 10, 2019, the market capitalization of companies listed on Africa's 14 major stock exchanges was $1120.78 billion, Ecofin Agency found from data collected on these financial markets.

South Africa remains atop the list, with a market capitalization of 899 billion shares. This represents 4 times the combined capitalizations of other markets. Morocco ranks second with a market cap of $60.7 billion, followed by Egypt ($44.6 billion) and Nigeria ($39.5 billion). These last two countries lost a lot in stock market valuation in US dollars, due to the external shocks they suffered between 2016 and 2017, which led to adjustments (devaluation) in their currencies and a drop in investments, especially foreign investments.

Also, African stock markets have lost their attractiveness and are not very liquid. For example, the 14 most relevant stock markets in Africa are 4 times smaller than the Top 5 most valued listed companies in the world, which at the same date were worth about $4,355 billion. An analysis of returns over the past 5 years showed that, adjusted to the value of the US dollar, all of Africa’s 14 major stock markets except Malawi and Namibia, showed potential losses in value of investments.

Idriss Linge



 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.