T+1 for all other securities. Africa's leaders are silent (Video): Karen Attiah, Global Opinions Editor, The Washington Post, The Story of Post-Colonial Africa: Kwame Nkrumah (Video), Stripe acquires Nigeria's Paystack for $200M+ to expand into the African continent: Video, A Nigerian Finds Hard Truths — And Hope — In Netflix Series On Nigeria: Video, The technology firm digitising health in Nigeria: Video, 10 Captains of Industry in Kenyan Banking: Video. Nairametrics reviews the best stocks in Q3 2020, judging by their performance. } Regionalisation is considered by many to be inevitable for African stock markets as they struggle to consolidate in order to overcome poor liquidity and to attract more foreign investment. Check out the top 6 largest stock exchanges by market capitalization in Sub-Saharan Africa. Data obtained from Nairalytics – the research arm of Nairametrics, showed that FTN Cocoa has not released its financials since Q1 2019. Data is collated from various black market dealers on the mainland and island parts of Lagos State where forex is sold. Zoom’s market valuation hits $50 billion mark, thanks to COVID-19, Bitcoin Whale transfers $1.1 billion worth of crypto for $3.58, The risk of buying Forex at black market rate of N460/$1, Mixed fortunes for Nigerian Breweries Plc as the Brewery sector moribunds, UPDATED: Nigeria received $1.29 billion capital inflows in Q2 2020, down by 78.6%, MTN shareholders have made approximately N1 trillion since April 2020, PMI: Nigeria’s manufacturing sector gains momentum in November, These industries drove business activities in September, GDP: Nigeria’s manufacturing sector on tight ropes, Heineken scoops more Nigerian Breweries shares in insider disclosure, Custodian Investment Plc posts Profit After Tax of N1.5 billion in Q3 2020, NFF receives $1 million from FIFA as COVID-19 palliative, Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN, Togo, Niger, Benin remit N2.04 billion to Nigeria for power supply. This growth places United Capital in fourth position, as one the best performing stocks between July and September 2020. margin-top: 5px; .pagination .current {

The price quoted daily on this page represents the average price obtained by our Research Team. background-position:center top; READ: Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN. The company was formerly registered as Fantastic Traders Nigeria Limited, a Limited Liability Company, which was incorporated in 1991. It is South Africa’s only full service securities exchange, connecting buyers and sellers in a variety of different markets, namely equities, equity derivatives, agricultural derivatives and interest rate instruments. Africa’s stock markets and exchanges have seen extensive growth in recent years. } The following stocks make up the rest of the top 10 in descending order: Explore some Advanced Financial Calculators on Nairametrics. High net worth investors are quietly putting capital into some cryptos amid the recent bullish happening at the flagship crypto market. But Africa’s stock exchanges offer a rather direct line to investing in the continent’s top companies. background-color:#77BB30; Real estate funds come to Africa, Ecobank’s Ade Adeyemi: ‘I believe a pan-African institution is good for the continent’, Private Equity House Emerging Capital Partners (ECP) May Sell Stake in Nigeria’s Continental Reinsurance, MTN Gains Most Since 2016 at Start of $1.1 Billion Sale Plan, Barclays Africa Seeks Nigerian Investment Banking License, 5 things to know about building business in Africa: Anthony Lewis, Director, Capital Markets, JLL Sub-Saharan Africa, London Stock Exchange to pursue African company listings, 9 things you did not know about Nigerian billionaire Tony Elumelu (Videos), South African Airways to reorganize into three separate units, Bourse Régionale des Valeurs Mobilières (BRVM), Job Opening: Head of Western, Central and Northern Africa Partner Network, Scholars Program, Mastercard Foundation, Accra, Ghana, Job Opening: Site & Resource Manager, IQVIA, Nairobi, Kenya, Job Opening: Senior Software Engineering Manager, Microsoft, Nairobi, Kenya, Job Opening: Program Manager Intern (for Students and Recent Graduates), Microsoft, Lagos, Nigeria / Nairobi, Kenya, Job Opening: Vice President, Market Development, Sub-Saharan Africa, Mastercard, Nairobi, Kenya, Nigeria's useless politicians are trying to crush #EndSARS. Explore Economic Research Data From Nairametrics on Nairalytics. The third quarter of the year was a recovery period for the Exchange, as the All Share Index grew by 9.61% to close the gap caused by the negative performance it endured in the first quarter of the year – during the heat of the COVID-19 pandemic. The investment firm displayed firm resolve against the effects of COVID-19 in the second quarter of the year – as it posted a profit before tax of N1.5 billion, as against N1.2 billion reported in the corresponding quarter of 2019.

READ: PMI: Nigeria’s manufacturing sector gains momentum in November, READ: These industries drove business activities in September. This is a daily tracker and updated close of business. $ETH, $LINK, $REN, $ELF, $KNC, & $ZRX are among those recently hitting one-year highs. There are several notable countries on the continent that do not have a stock exchange. Lafarge Africa, Nigerian Breweries, Stanbic IBTC, United Capital, and FTN Cocoa made the list of best-performing stocks in the third quarter of 2020 (July – Sept’20).

$ETH, $LINK, $REN, $ELF, $KNC, & $ZRX are among cryptos recently hitting one-year highs. It is South Africa’s only full service securities exchange, connecting buyers and sellers in a variety of different markets, namely equities, equity derivatives, agricultural derivatives and interest rate instruments. The African continent represents a major attraction for foreign investors looking to invest in the continents frontier markets. However, the cocoa processing company was able to post a positive stock performance in the third quarter of the year to sit fifth on the list. See table below for parallel market exchange rate dating to 2019. Your email address will not be published. .pagination .page-numbers {

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The most notable is Ethiopia, which does have a commodities exchange in Addis Ababa. I’m 1977, it changed its name to the Nigerian Stock Exchange. The market capitalization also closed at N391.8 billion as at the review period, being the second most capitalized consumer goods firm – only behind Nestle Nigeria. A tone-deaf speech by Nigeria's president Buhari missed a chance for empathy ami... Ivory Coast: Ouattara kicks off an atypical presidential campaign. One of the oldest bourses (exchanges) on the continent is the Casablanca Stock Exchange of Morocco, founded in 1929 and the JSE Limited in 1887. } .primary-nav ul li.current-menu-item > a { background:#77BB30; https://t.co/JRk8mdEaAx pic.twitter.com/2J2wTDy2Ox, — Santiment (@santimentfeed) October 26, 2020. It relaunched in 1992.

This is a list of stock exchanges in Africa. This shows the faith of the international investing community in a market like the Namibian. Today the Casablanca Stock Exchange is the 5th largest exchanges in Africa along with the Johannesburg Stock Exchange (1st), EGX, the Nigerian Stock Exchange, the Namibian Stock Exchange (NSX), Zimbabwe Stock Exchange and 4 African Exchanges. } Activity: US Dollar stands at ₦460/US$1 in the parallel market, READ ALSO: The risk of buying Forex at black market rate of N460/$1. However, it grew by 30% to N26 kobo as at the end of trading on 30th September 2020, leaving its total market capitalization at N572 million. }

 As Company stocks is one of the popular means of short-term investments in Nigeria and a look at persistent inflationary pressures; it is imperative to assess the performances of the stocks listed on the exchange during the covid era, to ascertain the profitability of investors in this period. The number of Stock Exchanges in Africa was boosted from 10 to nearly 18 between the 1990s and 2000s. READ: Ethereum whale transfers 169,296 Cryptos, The US dollar stands at ₦460/US$1 in the parallel market. At the time of writing this publication, Ethereum traded at $387.51 with a daily trading volume of $10,620,097,122.

#top-nav-mobile span { background:#77BB30 However, a reduced cost of sales helped improved the company’s gross profit by 10% and a subsequent 78% increase in profit before tax at N19.38 billion. The bad news is that social sentiment is bordering on the euphoric territory, and daily active deposits have jumped in a big way.

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There are good news and bad news for #Ethereum’s quest to again surpass the $420 price barrier. }

It has a circulating supply of 110 million coins and a max supply of ∞ coins. It was founded on November 8, 1887. It also recorded a 14.92% positive growth in the second quarter. The rate had also closed at ₦460/US$1 on Wednesday, October 28th 2020. The third most capitalized bank on the stock exchange is also the third on the list of best performing stocks in Q3 2020, growing its stock by 33.88% from N30.25 per unit of share recorded as of June 30th to N40.5 at the end of trading in September – with a total market capitalization of N449.8 billion. Learn how your comment data is processed. background-repeat:repeat-x; READ: Mixed fortunes for Nigerian Breweries Plc as the Brewery sector moribunds, READ: UPDATED: Nigeria received $1.29 billion capital inflows in Q2 2020, down by 78.6%. The Namibian Stock Exchange is one of the oldest stock exchanges in Africa, founded in 1904. Africa's leaders are... Download Top 6 largest stock exchanges in Sub-Saharan Africa, Africa Exchange Guide 2015: African Alliance Capital Markets (Presentation), IPO Watch Africa 2014: PwC (Infographics & Report), The top 10 most active stock markets in Africa in 2014 (Infographic), The world’s biggest music company sets its sights on Africa, Rwanda, Tanzania, Uganda to create joint $15B stock exchange, Shop Africa 2016 (Report & Infographics): Knight Frank, African Women To Watch: Capital Markets (Video), Listing on African Stock Exchanges – Extractive Industries: KPMG (Report), Ghana Stock Exchange targets futures and options, dual London listings to deepen market, Kenya’s Capital Markets Authority approves listing of first ETF, African Stock Markets: The Show Must Go On, Stock exchanges in South Africa, Kenya, and Nigeria plan more ETF cross-listings, Taking the temperature of Africa’s stock markets, London Stock Exchange eyes dual listings on West African capital markets, Cross listing of ETFs on Johannesburg, Lagos and Nairobi stock exchanges: Coming soon, Into Africa: The continent’s Cities of Opportunity – PwC (Video, Presentation, and Report), West African stock markets are planning to join forces (Video), 21 Nigerian tech CEOs at the top of their game, Nigeria Stock Exchange Chasing A Trillion Dollar Market Cap: Oscar Onyema, CEO, Nigerian Stock Exchange (Video), Zimbabwe’s Richest Man Strive Masiyiwa To Take Botswana Mobile Operator, Mascom, Public, Stock Exchanges in Nigeria and Ghana aim to deepen West African capital markets, Shoprite Prepares Kenya Entry to Fill Gaps Left by Nakumatt, More African companies seek exchange listings, Private Equity in Africa: The Myth of the Weak Exit Environment – Adam Bennot, Senior Associate, RisCura, Mauritius plans trading platform to hedge African currencies against US dollar, Integrating West African stock exchanges could boost liquidity: Ade Bajomo, Executive Director, Market Operations & Technology, Nigerian Stock Exchange, Engines of growth on the African continent, Nairobi Securities Exchange Valued at 1.84B Shillings ($21M) for IPO, The 6 most valuable companies on the Nairobi Securities Exchange (Video), Private equity firm Abraaj raises almost $1B African fund, Nairobi Securities Exchange Plans to Sell 31% of Shares in IPO, High stakes for high reward?

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