High 10 largest stock markets in Africa constant with market capitalization

Per the African Stock Exchanges Focal level Document by Oxford Business Neighborhood, African stock exchanges receive an overall market capitalization of about $1.6 trillion which makes up about 2% of the realm stock market capitalization.

Africa Stock Exchanges Affiliation (ASEA), the physique of stock exchanges in Africa has about 28-member stock exchanges maintaining 38 countries with over 2,400 listed companies.

International locations like Ethiopia are aloof within the procedure of formulating a stock change.

Per data on hand to Nairametrics, here are ten of the superb stock exchanges in Africa as of the conclude of procuring and selling on December 8, 2023.

10. Ghana Stock Alternate – $6.35 billion

The Ghana Stock Alternate (GSE) is the capital market that covers Ghana and is headquartered in Accra. Included in 1989, the GSE currently has a market capitalization of $6.35 billion at the conclude of procuring and selling on Friday, December 8, 2023.

There are 31 listed companies on the GSE with the superb among them being Ecobank Transnational Included, AngloGold Ashanti Plc, Access Financial institution Ghana, and Tullow Oil Plc, among others.

9. Stock Alternate of Mauritius (SEM) – $7.29 billion

Basically based in 1989, the Stock Alternate of Mauritius (SEM) is the capital market that covers Mauritius, and it is predicated in Port Louis.

With a market capitalization of $7.29 billion, it is the ninth most capitalized stock market in Africa. There are 56 companies quoted within the SEM’s legit market, whereas one other 42 are quoted within the Pattern and Endeavor Market (DEM).

The largest companies procuring and selling on the SEM are MCB Neighborhood, Ireland Blyth, SBM Holdings, and CIEL Neighborhood, among others.

8. Nairobi Securities Alternate (NSE) – $9.57 billion

Nairobi Securities Alternate (NSE) is the legit stock marketplace for the Kenyan financial system. Basically based in 1954, the NSE is the superb stock market in East Africa. The market closed with a capitalization of $9.57 billion as of December 8, 2023.

There are 65 listed companies on the NSE with the superb among them being Safaricom, Equity Neighborhood Holdings, East African Breweries Restricted, Co-operative Financial institution of Kenya, and NCBA Neighborhood Plc, among others.

7. Bourse Régionale des Valeurs Mobilières (BRVM) – $12.86 billion

BRVM is a regional stock market headquartered in Abidjan, Cote D’Ivoire. It used to be based mostly in 1996 and it serves in Niger, Mali, Benin Republic, Burkina Faso, Cote D’Ivoire, Togo, Senegal, and Guinea Bissau.

BRVM closed with a market capitalization of $12.8 billion on December 8, 2023. There are about 56 listed companies. And the superb among them are SONATEL, Orange Cote D’Ivoire, Ecobank Cote D’Ivoire, and Société Générale Côte d’Ivoire, among others.

6. Namibian Stock Alternate (NSX) – $41.44 billion

Namibian Stock Alternate (NSX) based mostly in 1904 is with out doubt one of many oldest stock exchanges in Africa, absolute best younger than the Egyptian Alternate and Johannesburg Stock Alternate. It serves the Namibian market and is predicated in Windhoek, Namibia.

As of the date of its final publicly updated data, November 10, 2023, the change has a market capitalization of $41.44 billion.

There are 40 listed companies on the NSX with the superb being FirstRand Namibia, Capricorn Neighborhood, Namibia Breweries, Cell Telecommunications Restricted, SBN Holdings Restricted, and Letshego Holdings, among others.

5. Botswana Stock Alternate (BSE) – $43.94 billion

The Botswana Stock Alternate used to be based mostly in 1994 and has since grown to turn out to be the fifth-largest stock change in Africa.

Botswana Stock Alternate closed procuring and selling on December 8, 2023, with a market capitalization of $43.94 billion. The market mostly aspects foreign-based mostly mining companies as the nation has one of many enviornment’s largest reserves of diamonds.

There are 30 companies listed on the BSE and the superb among them consist of Anglo American Plc, First National Financial institution Botswana, Botswana Insurance Holdings, Absa Financial institution Botswana, and heaps others.

4. Nigerian Alternate (NGX) – $49.56 billion

NGX based mostly in 1960 is the fifth oldest stock change in Africa and the 2nd largest stock change in Sub-Saharan Africa.

The NGX closed procuring and selling on December 8, 2023, with a market capitalization of $49.56 billion. Due to the the devaluation of the Naira in June 2023, the NGX has fallen to fourth misfortune on the checklist of Africa’s most capitalized exchanges.

There are 155 listed companies on the NGX with the superb among them being Airtel Africa Plc, MTN Nigeria Communications, Dangote Cement, BUA Cement, BUA Foods, Zenith Financial institution, GT Holdings Company, Seplat Strength, and FBN Holdings, among others.

3. Egyptian Alternate (EGX) – $57.20 billion

The Egyptian Alternate is the amalgamation of the Alexandria Stock Alternate based mostly in 1883 and the Cairo Stock Alternate based mostly in 1903.

It is one of many quickest stock exchanges in Africa this year with a year-to-date return of 69.22%, thus attractive its market capitalization to $57.20 billion after the Nigerian Alternate.

There are 217 companies listed on the EGX, with the superb among them being Abu Qir Fertilizers, Alexandria Containers and Items, Beltone Financial Holdings, and Commercial International Financial institution (Egypt), among others.

2. Casablanca Stock Alternate (MASI) – $60.23 billion

The Casablanca Stock Alternate is the Moroccan capital market based mostly in 1929 in Casablanca, Morocco.

It is the 2nd-largest stock market in Africa and the superb stock market in North Africa. The change closed procuring and selling on Friday, December 8, 2023, with a market capitalization of $59.63 billion.

There are 76 companies listed on the Casablanca Stock Alternate with the superb among them being Attijariwafa Financial institution, Banque Centrale Populaire, Financial institution of Africa, LafargeHolcim Maroc, and Maroc Telecom, among others.

1. Johannesburg Stock Alternate (JSE) – $987.24 billion

Johannesburg Stock Alternate based mostly in 1887 is the 2nd oldest stock change in Africa and is by a long way the superb stock change in Africa.

As of Friday, December 8, 2023, the JSE closed with a market cap of $987.24 billion, making it the Nineteenth largest stock change on the planet.

There are about 354 listed companies on the JSE, with the superb among them being Naspers Restricted with a market cap of about $33.2 billion, FirstRand Restricted with a $19.9 billion market cap, and Traditional Financial institution Neighborhood with a $17.6 billion market cap.