Member stock exchanges market highlights
Major indicators
Total va
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This model promotes the idea that stock exchanges establish close alliances to ensure that there is consolidation at the level of regional economic communities and sub-regions. According to this model, a pan African stock market could emerge later, after significant progress has been made at regional and subregional levels. In that respect, it was recommended |
lue of stock traded: for 2008 the total traded value of stocks for the the 20 member countries were in the neighborhood of US. 515 bill of which close to 95% is that of South Africa and Egypt and the remaining stocks are accounted by the remaining 18 ASEA member countries.
Total volume: volume-wise a total of 313 mill. Stocks traded 95% is constituted by three countries Nigeria, South Africa followed by Egypt.
Market capitalization: Total market capitalization is close to 846bill and in the significant share is accounted for by four countries South Africa (65%); Egypt (10%) and Nigeria and Namibia als hold close to 10% each.
Listed companies the number of listed companies in ASEA countries are 1373, likewise South Africa and Egypt and Nigeria has high proportion (73%).
Comparative statistics
When compared 2008 to 2007 In all ASEA countries total value traded in USD rose by 1% (usd 516 vis-a-vis 510 ) a 1% increase. In terms of volume there was a 30% increase (312mill compared to 240 mill. )
The volume traded, on the other hand exhibited a 30.12% increase as compared to ’07; the discrepancy in the growth rate is mainly attributable to changes in prices of stocks as some prices fall while others rise; regardless of the volume of stock traded. Market capitalization and the number of listed companies traded fell by 34.2% and 2.9% respectively
Undoubtedly the negative growth in stock prices and fall in market capitalization are not good signals for the investors as returns are directly or indirectly hit. All exchange indices except that of Ghana, Malawi and Tanzania, fell sharply in 2008 compared to 2007
ASEA Member Countries
The profiles of the ASEA member countries
Egypt
Ghana
Cote
D’voire
Nigeria
Uganda Kenya
Tanzania
Zambia Mozambique
Malawi
Namibia Zimbabwe
Botswana
South Africa
Morocco
Swaziland
Mauritius
Mali Niger
Togo
Burkina
Faso
Guinea
Senegal
Benin
Libya
Sudan