STOCK EXCHANGE MARKET CAP UP TO E3.91BN

MBABANE – Eswatini Stock Exchange (ESE) market capitalisation ended the third quarter of 2020 with an increased value of E3.91billion.

Market capitalisation refers to how much a company is worth as determined by the stock market. It is defined as the total market value of all outstanding shares. The improved figures reflected an increase of 3.17 per cent from the previous quarter’s close of E3.79 billion. The increase in the market capitalisation was attributed to share price increases from Royal Eswatini Sugar Corporation, Inala Capital, and the slight share price increase in Nedbank during the quarter under review.

According to the ESE report covering the period July to September 2020, year-on-year, the market capitalisation realised a 3.21 per cent gain from E3.79 billion in the third quarter of 2019 to E3.91 billion at the end of the period under review. 

Increase

The ESE all-share index also swelled to 453.24, representing a 3.21 per cent increase from the previous quarter’s close of 439.14.

All-share index simply refers to a series of numbers which shows the changing average value of the share prices of all companies on a stock exchange, and which is used as a measure of how well a market is performing.

“Trading during the third quarter increased as evidenced by the share price in Nedbank, Inala Capital, Greystone and SBC Limited.

“Year-on-year, the all-share index increased from 439.18 to 453.24 reflecting a 3.20 per cent increase,” reported ESE.

When it comes to equity, a total turnover of E16 212 013.50 was recorded from a sale of 5 090 963 shares over a total of 19 trades concluded over the third quarter of the period under review. In comparison to the third quarter of   2019,   turnover increased exponentially from   E143 302.50 to   E16 212 013.50 in the third quarter of 2020.  The  third quarter  turnover of over  E16.2 million showed  a  67 per cent  decrease  from  the   second quarter’s turnover of over  E 48.4 million.

Securities

Meanwhile, ESE aims to enable companies to list and investors to trade in securities. The eight ESE-listed companies by the end of the period under review were Nedbank, Inala Capital, RSSC (now RES Corporation), SwaziSpa Holdings, Swaziland Empowerment Limited, Swaprop, Greystone Partners and SBC Limited.

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