Annual Market Review
2020
Cross the Last Frontier | www.african-markets.com
YTD Indices Performance Heatmap
As of 31/12/2020
AM Annual Market Report - 2020 2
YTD Indices Performance (Local Currency vs USD/EUR)
As of 31/12/2020
Selected Markets Index Name Index Value Local (%) USD (%) EUR (%)
Botswana BSE DCI 6,879.35 -8.21 -10.10 -17.49
BRVM BRVM-CI 145.37 -8.71 -0.55 -8.31
Egypt EGX30 10,845.26 -22.32 -20.80 -27.27
Ghana GSE-CI 1,941.59 -13.98 -16.52 -23.53
Kenya NSE ASI 152.11 -8.59 -15.09 -21.99
Malawi MSE ASI 32,392.84 +7.08 +2.40 -5.87
Mauritius SEM ASI 1,643.74 -18.02 -24.52 -30.96
Morocco MASI 11,287.38 -7.27 -0.26 -8.61
Namibia NSX OI 1,232.26 -5.67 -9.95 -17.43
Nigeria NGSE ASI 40,270.72 +50.03 +40.65 +30.92
Rwanda RSE ASI 148.15 +9.27 +3.97 -4.17
South Africa JSE ASI 59,408.68 +4.07 -0.85 -8.85
Tanzania DSE ASI 1,816.88 -11.77 -12.57 -19.75
Tunisia TUNINDEX 6,884.93 -3.33 -0.44 -8.62
Uganda USE ASI 1,309.86 -27.26 -27.08 -33.07
Zambia LuSE ASI 3,912.33 -8.26 -39.00 -44.02
Zimbabwe ZSE ASI 2,636.34 +1,045.84 +135.00 +114.21
Note: USD and EUR returns are indicative
AM Annual Market Report - 2020 3
Market Capitalization of Selected Markets
As of 31/12/2020
USD million
0 10,000 20,000 30,000 40,000 50,000 60,000 70,000
Botswana 36,215
BRVM 8,134
Egypt 41,350
Ghana 9,258
Kenya 21,417
Malawi 2,284
Mauritius 8,556
Morocco 65,788
Nigeria 54,347
Rwanda 3,494
Tanzania 6,510
Tunisia 8,570
Uganda 5,001
Zambia 2,728
Zimbabwe 3,887
AM Annual Market Report - 2020 4
At a Glance
2020 will probably have a few dedicated chapters in history books due to the unprecedented situations we had to go through in so many areas of our lives, and this, at a global scale. But the performance of African equity markets during the final trading week of the year reflects investors’ optimism for a return to normalcy as vaccination campaigns are unfolding across the globe, and governments confirmed their intention to support economies.
African equities were mostly up the last week of 2020, with Zimbabwe and Nigeria confirming their spots as the continent’s top performers. Their benchmark indices jumped by 17.51% and 3.79% respectively during this 4-day trading week, capping an impressive year for both markets despite the challenging global environment. Markets in Uganda (+3.65%), Ivory Coast (+3.22%), and Malawi (+2.47%) complete the top 5.
Overall, for the year, most markets did not manage to fully recover from the global sell-off in March, with the notable exception of the ZSE and the NGSE. Of course, at the individual stock level, some industries such as telecom outperformed, but we will keep a high-level market view for now.
With a whopping 1,045% jump in its All Share Index, ZSE has experienced its biggest annual advance in a decade after a tumultuous year, with gains aided by the local dollar’s decline, high inflation levels, and undervalued stocks. End of June, authorities even ordered the suspension of trading for more than a month from June 26 to August 3 amid allegations some market players were fuelling foreign currency instability through the use of dual listed Old Mutual. The counter was used to calculate the Old Mutual Implied Rate (OMIR). The OMIR was used by illegal foreign market dealers to determine the exchange rate between the Zimbabwe dollar and the US dollar. While the official exchange rate was pegged at 25, the OMIR and the parallel market exchange rate had raced to 120. This pushed inflation to a record 837%. After an initial sell-off at the reopening, stocks soared to end the year up 135% overall in US dollars terms when using the official exchange rate (81.79 ZWL/USD). Top performers include the financial services group CBZ (+12,093.4%), which overtook the beverage company Delta Corporation as the most valued company on the ZSE, Masimba Holdings (+6,533.2%), Cafca (+4,950.0%), Hippo Valley Estates (+4,524.2%), and ART Corporation (+3,291.6%).
Nigeria, Africa’s largest economy, saw its market’s benchmark index jump by 50% in 2020 in local terms and 40.65% in US dollar terms, enough for various analysts and media outlets to grant the NGSE the title of world’s best performing (what we think is unfair to the ZSE). Investor appetite for riskier assets during the year was mainly due to the ultra-low yields prevailing on Nigerian short-term fixed-income instruments, with rates on treasury bills across all tenors dropping below 1%, the lowest level seen since 2001. The trend
AM Annual Market Report - 2020 5
of declining yields has been around for a while, following the Central Bank of Nigeria’s decision to ban locals from participating in the large-sized OMO market in October 2019, leaving limited investment outlets for local investors with low-risk appetite and large pockets. Blue-chip stocks such as Dangote Cement, MTN Nigeria, Airtel, and BUA Cement directly benefited from the rush for return: DANGCEM, the market leader by market capitalization, rose by 72.5%, the leading telecom operators, MTN and Airtel gained 61% and 185.0% respectively, and BUACEMENT jumped by 121% since its listing in January 2020.
One year ago, as we usually do at the beginning of the year, we extended wishes for prosperity, health, and success, sometimes without really appreciating the meaning of that custom. But today, after the year we have had, it becomes obvious that we cannot take those wishes for granted. So, we sincerely wish you the very best for this new year which, we know, will have its lot of challenges on several fronts. But we hope you will manage them and prosper in 2021...we mean it.
AM Annual Market Report - 2020 6
Botswana Stock Exchange
Market Code BSE Website www.bse.co.bw 6,879.35
Inception 1994 BSE DOMESTIC COMPANIES INDEX Currency Botswana Pula (BWP) As of 31/12/2020 Trading Sessions 10:30 - 13:30 (GMT+2) Main Index BSE Domestic Companies Index
Index Performance (%) 1M 3M YTD 1Y 2Y +0.18 -1.74 -8.21 -8.21 -12.39
Market Cap. (Mln BWP)
31/12/19 31/12/20 % Change 407,874 391,222 -4.08
BWP vs USD 31/12/19 31/12/20 % Change 10.58 10.80 +2.11
Close Change Close Change
Top Gainers (BWP) (%) Top Decliners (BWP) (%) Olympia Capital Corporation 0.24 +50.00 Lucara Diamond Corp 5.11 -61.55 Sefalana Holding Company 9.34 +4.12 Tlou Energy Plc 0.33 -58.75 Letlole La Rona Limited 2.29 +1.78 Seed Co International Limited 1.85 -38.33 Letshego Holdings Limited 0.72 +1.41 Minergy Limited 0.80 -27.27 The Far Property Company 2.47 +0.41 First National Bank Botswana 2.20 -22.81
Market Cap 2020 listings Top 5 Market Cap (Mln BWP) none Anglo American Plc 333,883 Investec Limited 17,116 First National Bank Botswana Limited 5,596 2020 de-listings none Botswana Insurance Holding Limited 4,941
Absa Bank Botswana Limited 4,585
AM Annual Market Report - 2020 7
Bourse Régionale des Valeurs Mobilières
Market Code BRVM Website www.brvm.org 145.37
Inception 1998 BRVM COMPOSITE INDEX Currency CFA Franc (XOF) As of 31/12/2020 Trading Sessions 9:00 - 15:00 (GMT) Main Index BRVM Composite Index
Index Performance (%) 1M 3M YTD 1Y 2Y +11.09 +15.14 -8.71 -8.71 -15.60
Market Cap. (Mln XOF)
31/12/19 31/12/20 % Change 4,740,600 4,367,676 -7.87
XOF vs USD 31/12/19 31/12/20 % Change
585.00 536.97 -8.21
Close Change Close Change
Top Gainers (XOF) (%) Top Decliners (XOF) (%) NEI-CEDA 230 +64.29 SICOR 1,230 -55.11 SICABLE 1,010 +60.32 Uniwax 1,000 -42.03 Crown SIEM 200 +53.85 Vivo Energy CI 600 -25.00 PALMCI 2,250 +23.63 SONATEL 13,500 -20.56 SMB 3,080 +23.20 Nestle CI 320 -18.99
Market Cap 2020 listings Top 5 Market Cap (Mln XOF) none SONATEL 1,350,000 Oragroup 288,072 Coris Bank International 259,200 2020 de-listings none SGBCI 251,844
Ecobank Transnational Inc. 235,093
AM Annual Market Report - 2020 8
Dar Es Salaam Stock Exchange
Market Code DSE Website www.dse.co.tz 1,816.88
Inception 1996 DSE ALL SHARE INDEX Currency Tanzanian Shilling (TZS) As of 31/12/2020 Trading Sessions 10:00 - 14:00 (GMT+3) Main Index DSE All Share Index
Index Performance (%) 1M 3M YTD 1Y 2Y +1.30 -0.43 -11.77 -11.77 -11.00
Market Cap. (Mln TZS)
31/12/19 31/12/20 % Change 17,096,440 15,094,730 -11.71
TZS vs USD 31/12/19 31/12/20 % Change
2,297.58 2,318.54 +0.91
Close Change Close Change
Top Gainers (TZS) (%) Top Decliners (TZS) (%) JATU Plc 2,980.00 +609.52 Swissport Tanzania Limited 1,120.00 -30.00 CRDB Bank 195.00 +105.26 TOL Gases Limited 550.00 -16.67 Tanzania Portland Cement 2,500.00 +25.00 Tanga Cement Company 500.00 -16.67 NICOL 185.00 +5.71 Dar es Salaam Stock Exchange 880.00 -10.20 - DCB Commercial Bank Plc 265.00 -10.17
Market Cap 2020 listings Top 5 Market Cap (Mln TZS) 23/11/20 : Jatu Plc Tanzania Breweries Limited 3,216,110 Vodacom Tanzania Plc 1,724,800 Tanzania Cigarette Company 1,700,000 2020 de-listings none NMB Bank Plc 1,170,000
CRDB Bank 509,310
AM Annual Market Report - 2020 9
Egyptian Exchange
Market Code EGX Website www.egx.com.eg 10,845.26
Inception 1883 EGX 30 INDEX Currency Egyptian Pound (EGP) |US Dollar (USD) As of 31/12/2020 Trading Sessions 10:30 - 14:30 (GMT+2) Main Index EGX 30 Index
Index Performance (%) 1M 3M YTD 1Y 2Y -0.90 -1.31 -22.32 -22.32 -16.80
Market Cap. (Mln EGP)
31/12/19 31/12/20 % Change 708,268 650,868 -8.10
EGP vs USD 31/12/19 31/12/20 % Change 16.05 15.74 -1.92
Close Change Close Change
Top Gainers (EGP) (%) Top Decliners (EGP) (%) Ismailia Development Real Estate 36.21 +863.03 Osool ESB Securities Brokerage 0.75 -87.96 Egyptians Investment Urban Dev. 5.14 +558.97 Arab Engineering Industries 0.86 -81.47 Ismailia Misr Poultry 9.17 +442.60 Prime Holding 0.81 -76.86 Gulf Canadian Company 50.69 +413.06 El Wadi Touristic Development 1.73 -74.41 National Real Estate Bank 28.25 +382.08 Heliopolis Co for Housing & Dev. 6.10 -74.17
Market Cap 2020 listings Top 5 Market Cap (Mln EGP) none Commercial International Bank - CIB 87,464 Qatar National Bank Alahly 38,744 Eastern Tobacco 29,340 2020 de-listings none Abu Qir Fertilizers 26,096
Fawry for Banking Technology 23,709
AM Annual Market Report - 2020 10
Ghana Stock Exchange
Market Code GSE Website www.gse.com.gh 1,941.59
Inception 1989 GSE-COMPOSITE INDEX Currency Cedi (GHS) As of 31/12/2020 Trading Sessions 9:30 - 15:00 (GMT+1) Main Index GSE-Composite Index
Index Performance (%) 1M 3M YTD 1Y 2Y +6.76 +4.58 -13.98 -13.98 -24.52
Market Cap. (Mln GHS)
31/12/19 31/12/20 % Change 56,791 54,375 -4.25
GHS vs USD 31/12/19 31/12/20 % Change 5.70 5.87 +3.04
Close Change Close Change
Top Gainers (GHS) (%) Top Decliners (GHS) (%) Cocoa Processing Company 0.03 +50.00 Fan Milk Plc 1.08 -73.79 Camelot Ghana Limited 0.11 +22.22 Unilever Ghana Plc 8.29 -49.45 Aluworks Limited 0.11 +10.00 Guinness Ghana Breweries Plc 0.90 -46.75 - Benso Oil Palm Plantation Plc 2.00 -30.07 - Republic Bank (Ghana) Plc 0.41 -26.79
Market Cap 2020 listings Top 5 Market Cap (Mln GHS) 15/01/20 : Dannex Ayrton Starwin Limited Tullow Oil Plc 16,829 AngloGold Ashanti Limited 15,388 MTN Ghana 7,866 2020 de-listings 15/01/20 : Ayrton Drugs Manufacturing Company Limited Ecobank Ghana Plc 2,322 15/01/20 : Starwin Products Limited Standard Chartered Bank Ghana 2,198 19/10/20 : PZ Cussons Ghana Limited
AM Annual Market Report - 2020 11
Lusaka Securities Exchange
Market Code LuSE Website www.luse.co.zm 3,912.33
Inception 1993 LuSE ALL SHARE INDEX Currency Zambian Kwacha (ZMW) As of 31/12/2020 Trading Sessions 11:00 - 14:00 (GMT+2) Main Index LuSE All Share Index
Index Performance (%) 1M 3M YTD 1Y 2Y +3.48 +2.32 -8.26 -8.26 -25.46
Market Cap. (Mln ZMW)
31/12/19 31/12/20 % Change 56,880 57,740 +1.51
ZMW vs USD 31/12/19 31/12/20 % Change
14.07 21.17 +50.41
Close Change Close Change
Top Gainers (ZMW) (%) Top Decliners (ZMW) (%) ZCCM Investment Holdings Plc 38.80 +36.24 Real Estate Investments Zambia 0.39 -91.31 Zambeef Products Plc 1.10 +22.22 CEC Africa Investment Limited 0.13 -27.78 Lafarge Cement Zambia Plc 2.07 +6.15 Puma Energy Zambia Plc 0.80 -18.37 Zambia Sugar Plc 2.55 +2.00 Standard Chartered Bank Zambia 1.40 -14.11 - Copperbelt Energy Corporation 1.10 -12.00
Market Cap 2020 listings Top 5 Market Cap (Mln ZMW) 12/02/20 : Zambia Forestry and Forest Industries Shoprite Holdings Limited 34,239 Corporation Plc (ZAFFICO) ZCCM Investment Holdings Plc 6,239 Zambian Breweries Plc 3,948 2020 de-listings none Airtel Networks Zambia Plc 3,067 Standard Chartered Bank Zambia 2,334
AM Annual Market Report - 2020 12
Casablanca Stock Exchange
Market Code BVC Website www.casablanca-bourse.com 11,287.38
Inception 1929 MASI INDEX Currency Moroccan Dirham (MAD) As of 31/12/2020 Trading Sessions 9:00 - 15:40 (GMT) Main Index MASI - Morocco All Share Index
Index Performance (%) 1M 3M YTD 1Y 2Y +2.70 +13.01 -7.27 -7.27 -0.68
Market Cap. (Mln MAD)
31/12/19 31/12/20 % Change 626,693 584,976 -6.66
MAD vs USD 31/12/19 31/12/20 % Change 9.56 8.89 -7.03
Close Change Close Change
Top Gainers (MAD) (%) Top Decliners (MAD) (%) Stroc Industrie 20.50 +78.26 Residences Dar Saada 27.00 -51.79 HPS 6,490.00 +73.07 Fenie Brossette 40.10 -48.29 Managem 1,149.00 +35.18 Douja Promotion Groupe Addoha 6.39 -43.65 Disway 431.00 +29.51 Salafin 481.00 -39.72 Societe Metallurgique d’Imiter 1,935.00 +23.41 Alliances 35.95 -35.80
Market Cap 2020 listings Top 5 Market Cap (Mln MAD) 15/12/20 : Aradei Capital Maroc Telecom - IAM 127,469 Attijariwafa Bank 88,823 2020 de-listings Banque Centrale Populaire 50,503 none LafargeHolcim Maroc 37,490 Bank of Africa (BMCE) 32,064
AM Annual Market Report - 2020 13
Malawi Stock
Exchange
Market Code MSE Website www.mse.co.mw 32,392.84
Inception 1994 MSE ALL SHARE INDEX Currency Malawian Kwacha (MWK) As of 31/12/2020 Trading Sessions 9:00 - 15:00 (GMT+2) Main Index MSE All Share Index
Index Performance (%) 1M 3M YTD 1Y 2Y +3.74 +2.05 +7.08 +7.08 +11.76
Market Cap. (Mln MWK)
31/12/19 31/12/20 % Change 1,428,753 1,759,857 +23.17
MWK vs USD 31/12/19 31/12/20 % Change
736.75 770.41 +4.57
Close Change Close Change
Top Gainers (MWK) (%) Top Decliners (MWK) (%) NBS Bank Plc 21.60 +60.00 FMB Capital Holdings Plc 22.04 -70.61% Standard Bank Malawi Plc 1046.39 +43.34 Illovo Sugar Malawi Plc 80.48 -47.40% National Bank Of Malawi Plc 650.00 +23.81 Telekom Networks Malawi Plc 20.07 -22.81% National Investment Trust Plc 94.95 +18.69 Old Mutual Limited 2199.98 -12.00% ICON Properties Plc 12.27 +16.86 Sunbird Tourism Plc 105.00 -11.02%
Market Cap 2020 listings Top 5 Market Cap (Mln MWK) 24/02/20 : Airtel Malawi Plc Airtel Malawi Plc 307,780 03/08/20 : FDH Bank National Bank Of Malawi Plc 303,506 Standard Bank Malawi Plc 245,554 2020 de-listings none Telekom Networks Malawi Plc 201,512 Press Corporation Plc 157,471
AM Annual Market Report - 2020 14
Nigerian Stock Exchange
Market Code NGSE Website www.nse.com.ng 40,270.72
Inception 1960 NGSE ALL SHARE INDEX Currency Naira (NGN) As of 31/12/2020 Trading Sessions 9:30 - 14:30 (GMT+1) Main Index NGSE All Share Index
Index Performance (%) 1M 3M YTD 1Y 2Y +14.92 +50.09 +50.03 +50.03 +28.13
Market Cap. (Mln NGN)
31/12/19 31/12/20 % Change 12,968,586 21,063,171 +62.42
NGN vs USD 31/12/19 31/12/20 % Change 363.33 387.57 +6.67
Close Change Close Change
Top Gainers (NGN) (%) Top Decliners (NGN) (%) SUNU Assurances Nigeria Plc 1.00 +400.00 Arbico Plc 1.03 -70.66 Neimeth Pharmaceuticals Plc 2.23 +259.68 Omatek Ventures Plc 0.20 -60.00 FTN Cocoa Processors Plc 0.66 +230.00 NCR (Nigeria) Plc 1.96 -56.44 Japaul Gold and Ventures Plc 0.62 +210.00 AXA Mansard Insurance Plc 1.05 -46.97 Airtel Africa Plc 851.80 +184.98 Afromedia Plc 0.20 -41.18
Market Cap 2020 listings Top 5 Market Cap (Mln NGN) 09/01/20 : BUA Cement Plc Dangote Cement Plc 4,173,220 MTN Nigeria Communications Plc 3,458,232 2020 de-listings Airtel Africa Plc 3,201,193 07/01/20 : A.G. Leventis Nigeria Plc 09/01/20 : CCNN Plc BUA Cement Plc 2,619,408 17/01/20 : Continental Reinsurance Plc 12/10/20 : Anino International Plc Nestle Nigeria Plc 1,192,948
AM Annual Market Report - 2020 15
Nairobi Securities Exchange
Market Code NSE Website www.nse.co.ke 152.11
Inception 1954 NSE ALL SHARE INDEX Currency Kenya Shilling (KES) As of 31/12/2020 Trading Sessions 9:00 - 15:00 (GMT+3) Main Index NSE All Share Index
Index Performance (%) 1M 3M YTD 1Y 2Y +4.76% +8.74 -8.59 -8.59 8.32
Market Cap. (Mln KES)
31/12/19 31/12/20 % Change 2,539,984 2,336,697 -8.00
KES vs USD 31/12/19 31/12/20 % Change
101.35 109.11 +7.65
Close Change Close Change
Top Gainers (KES) (%) Top Decliners (KES) (%) Nairobi Business Ventures Limited 4.28 +511.43 WPP Scangroup Plc 6.00 -65.12 Kenya Airways Plc 3.83 +86.83 Nation Media Group Plc 15.45 -61.18 Carbacid Investments Limited 12.10 +51.25 Bamburi Cement Plc 37.85 -52.69 Eaagads Limited 12.50 +23.76 Flame Tree Group Holdings Plc 1.23 -50.20 Sasini Plc 19.50 +15.38 HF Group Plc 3.32 -48.61
Market Cap 2020 listings Top 5 Market Cap (Mln KES) 21/12/20 : Homeboyz Entertainment Plc Safaricom Plc 1,372,241 Equity Group Holdings Plc 137,928 2020 de-listings East African Breweries Plc 121,977 none KCB Group Plc 116,817 Co-operative Bank of Kenya Plc 73,340
AM Annual Market Report - 2020 16
Rwanda Stock Exchange
Market Code RSE Website www.rse.rw 148.15
Inception 2005 RSE ALL SHARE INDEX Currency Rwandan Franc (RWF) As of 31/12/2020 Trading Sessions 9:00 - 12:00 (GMT+2) Main Index RSE All Share Index
Index Performance (%) 1M 3M YTD 1Y 2Y +0.05 -0.40 +9.27 +9.27 +15.04
Market Cap. (Mln RWF)
31/12/19 31/12/20 % Change 3,047,739 3,462,232 +13.60
RWF vs USD 31/12/19 31/12/20 % Change
942.74 990.81 +5.10
Close Change Close Change
Top Gainers (RWF) (%) Top Decliners (RWF) (%) Crystal Telecom Limited 75.00 +7.14 I&M Bank Rwanda Plc 45.00 -49.44 - Bralirwa Plc 121.00 -12.95 - BK Group Plc 233.00 -12.08 - - - -
Market Cap 2020 listings Top 5 Market Cap (Mln RWF) 01/07/20 : RH Bophelo Limited 03/08/20 : CIMERWA Plc
2020 de-listings none
AM Annual Market Report - 2020 17
Stock Exchange of Mauritius
Market Code SEM Website www.stockexchangeofmauritius.com 1,643.74
Inception 1989 SEM ALL SHARE INDEX Currency Mauritian Rupee (MUR) | USD | GBP As of 31/12/2020 Trading Sessions 9:00 - 14:30 (GMT+4) Main Index SEM All Share Index
Index Performance (%) 1M 3M YTD 1Y 2Y +1.85 +5.60 -18.02 -18.02 -18.88
Market Cap. (Mln MUR) (Offical Market + DEM)
31/12/19 31/12/20 % Change 403,716 339,668 -15.86
MUR vs USD 31/12/19 31/12/20 % Change 36.35 39.70 +9.22
Close Change Close Change
Top Gainers (MUR) (%) Top Decliners (MUR) (%) C-Care (Mauritius) Limited 7.64 +158.98 The Union Sugar Estates Co Ltd 9.50 -69.35 Les Moulins de la Concorde 270.00 +32.68 New Mauritius Hotels Ltd 5.46 -61.00 National Investment Trust Ltd 37.50 +25.00 BlueLife Limited 1.00 -55.16 Alteo Limited 20.75 +23.88 United Investments Ltd 4.50 -54.08 MFD Group Ltd 11.00 +13.40 Sun Limited 13.80 -53.69
Market Cap 2020 listings Top 5 Market Cap (Mln MUR) 18/12/20 : Happy World Property Ltd MCB Group Limited 57,090 Ireland Blyth Ltd 32,277 2020 de-listings SBM Holdings Ltd 10,935 28/02/20 : Trevo Capital 15/07/20 : Eagle Insurance Phoenix Beverages Ltd 9,720 07/08/20 : Stonebridge Properties 18/08/20 : Atlantic Leaf Properties Ascencia Limited 8,431
AM Annual Market Report - 2020 18
Tunis Stock Exchange
Market Code BVMT Website www.bvmt.com.tn 6,884.93
Inception 1969 TUNINDEX Currency Tunisian Dinar (TND) As of 31/12/2020 Trading Sessions 9:00 - 14:10 (GMT+1) Main Index TUNINDEX
Index Performance (%) 1M 3M YTD 1Y 2Y +0.92 +2.02 -3.33 -3.33 -5.32
Market Cap. (Mln TND)
31/12/19 31/12/20 % Change 23,724 23,092 -2.66
TND vs USD 31/12/19 31/12/20 % Change
2.78 2.69 -2.90
Close Change Close Change
Top Gainers (TND) (%) Top Decliners (TND) (%) SERVICOM 2.01 +229.51 Industries Chimiques du Fluor 70.00 -42.10 Universal Auto Distributors 2.77 +194.68 L'Accumulateur Tunisien - ASSAD 4.50 -37.50 Tawasol Group Holding 0.70 +180.00 Maghreb International Publicité 0.14 -36.36 Gif Filter 1.37 +124.59 Sotipapier 4.60 -34.10 AETEC 0.61 +84.85 Manufacture de Panneaux Bois 3.84 -33.79
Market Cap 2020 listings Top 5 Market Cap (Mln TND) 30/12/20 : Assurances Maghrebia
2020 de-listings none
AM Annual Market Report - 2020 19
Uganda Securities
Exchange
Market Code USE Website www.use.or.ug 1,309.86
Inception 1997 USE ALL SHARE INDEX Currency Ugandan Shilling (UGX) As of 31/12/2020 Trading Sessions 9:00 - 15:00 (GMT+3) Main Index USE All Share Index
Index Performance (%) 1M 3M YTD 1Y 2Y +1.21 -3.82 -27.26 -27.26 -20.59
Market Cap. (Mln UGX)
31/12/19 31/12/20 % Change 24,985,939 18,281,162 -26.83
UGX vs USD 31/12/19 31/12/20 % Change
3,664.31 3,655.26 -0.25
Close Change Close Change
Top Gainers (UGX) (%) Top Decliners (UGX) (%) Cipla Quality Chemical industries 103.00 +0.98 Uganda Clays Limited 8.00 -15.79 - Stanbic Bank Uganda Limited 23.00 -11.84 - NIC Holdings Limited 9.00 -10.00 - Umeme Limited 219.08 -5.97 - Bank of Baroda (Uganda) Limited 120.00 -4.00
Market Cap 2020 listings Top 5 Market Cap (Mln UGX) none British American Tobacco Uganda 1,472,400 Stanbic Bank Uganda Limited 1,177,338 2020 de-listings DFCU Limited 467,340 none Cipla Quality Chemical industries 376,148 Umeme Limited 355,846
AM Annual Market Report - 2020 20
Zimbabwe Stock
Exchange
Market Code ZSE Website www.zse.co.zw 2,636.34
Inception 1896 ZSE ALL SHARE INDEX Currency RTGS $ (ZWL$) As of 31/12/2020 Trading Sessions 9:00 - 15:30 (GMT+2) Main Index ZSE All Share Index
Index Performance (%) 1M 3M YTD 1Y 2Y +65.23 +60.93 +1045.8 +1045.8 +1702.75
Market Cap. (Mln ZWL$)
31/12/19 31/12/20 % Change 29,643 317,879 +972.37
ZWL$ vs USD 31/12/19 31/12/20 % Change
16.77 81.79 +387.60
Close Change Close Change
Top Gainers (ZWL$) (%) Top Decliners (ZWL$) (%) CBZ Holdings Limited 85.00 +12093.4 - Masimba Holdings Limited 11.97 +6533.19 - Cafca Limited 89.90 +4949.99 - Hippo Valley Estates Limited 90.17 +4524.16 - ART Corporation Limited 4.41 +3291.62 -
Market Cap 2020 listings Top 5 Market Cap (Mln ZWL$) none CBZ Holdings Limited 58,415 Delta Corporation Limited 30,222 2020 de-listings Econet Wireless Zimbabwe Limited 24,598 26/10/20 : Seed Co International Innscor Africa Limited 20,957 Hippo Valley Estates Limited 17,405
AM Annual Market Report - 2020 21
About us
african markets is a provider of financial market data, news, analysis and research with a focus on Africa.
The platform is entirely dedicated to African stock markets with the added functionality of access to historical data that include share price, market performances, trade volume and daily news, company profiles, annual reports & financial statements. We carry out our research in order to provide in-depth and independent analysis with an insight into the issues that African markets are facing today.
We are a team of finance professionals, passionate about African financial markets and with a strong understanding of the politics, economics, companies and industries on the continent. In addition, we have associated ourselves with business leaders, managers and experts who regularly contribute in our columns.
Contact us
Find us
africanmarkets
african-markets
african_markets
african_markets
Disclaimer
This report is based upon information from various sources that we believe are reliable. However, no representation is made that it is accurate or complete. This report is not an offer to buy or sell, nor a solicitation to buy or sell the securities mentioned therein. It is provided for the information of Investors who are expected to make their own investment decisions without sole reliance on this report.
African markets accepts no liability for any direct or consequential loss arising from any use of this report or its contents. Investments can fluctuate in price and value and the investor may get back less than was originally invested. Changes in rates of exchange may have an adverse effect on the value of the AM Annual Market Report - 2020 22 investment.