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AECI Limited (JSE: AFE) SHARE PRICE

Nigel Firth
Nigel Frith trader
Updated 24 May 2024

AECI Limited comprises a diversified Group of 17 companies and is listed on the Johannesburg Stock Exchange (JSE). AECI Limited has regional and international businesses in several countries and its products and services are provided to a broad spectrum of customers.

Latest AECI Limited Share Price

The graph above shows the latest AECI Limited share price on the Johannesburg Stock Exchange. Investors have seen AECI Limited shares perform well historically, and it remains a steady investment. AECI Limited stock is live on the JSE under the stock symbol of AFE and is available to trade via various brokers in South Africa.

What is AECI Limited

The history of AECI Limited can be traced back to 1924 when it was registered as African Explosives and Industries (AE&I), with its headquarters in Johannesburg. The company was formed as the result of a merger between the South African interests of Nobel Industries of the United Kingdom and the manufacturing arm of De Beers Consolidated Diamond Mines of Kimberley. Its main purpose was to provide blasting explosives and detonators to the South African gold and diamond mines, but AE&I also was the solitary South African producer of phosphatic fertilizer.

The company was renamed to African Explosives and Chemical Industries (AECI) in 1944.

Today, AECI Limited has a diversified portfolio of products and services in more sectors of the mining value chain and renders services to the mining, water treatment, plant and animal health, food and beverage, infrastructure and general industrial sectors. Subsidiaries include AEL Mining Services and more.

AECI Limited’s equity stocks are for sale online on the Johannesburg Stock Exchange (JSE) under the stock symbol AFE.

AECI Limited has its headquarters at 1st Floor, AECI Place, 24 The Woodlands, Woodlands Drive, Woodmead, Sandton, 2196.

AECI Limited has more than 6 300 employees and currently serves clients in areas including Africa, Europe, South East Asia, North America, South America and Australia.

The current CEO of AECI Limited is Mark Dytor.

AECI Limited forms part of the Chemicals Industry and the Basic Materials Sector of the Johannesburg Stock Exchange (JSE).

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AECI Limited

AECI Limited Stock Performance

The current price for AECI Limited stocks on the Johannesburg Stock Exchange (JSE) is 101.93 ZAR.

AFE stocks closed a recent trading day (Friday 17 September 2021) at 102.79 ZAR per share on the Johannesburg Stock Exchange (JSE), experiencing a 2.1% drop from its previous closing price of 105.02 ZAR.

An analysis of financial data of AECI Limited showed that the company has a total market capitalisation of 11.3 Billion ZAR, with a Price/Earnings ratio of 8.79 and earnings per share of 11.69 ZAR. The dividend per share of AFE was 6.50 ZAR and its dividend yield was 6.32%. A total of 110 Million shares were outstanding.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell AECI Limited stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of AECI Limited, analysts forecast further improved performance for the … sector with market share growing as trading volumes increase.

Highlights of AECI Limited in 2021

AECI Limited started the current financial year (2021) with a share price of 87.00 ZAR on the Johannesburg Stock Exchange (JSE), and it has gained 18.2% in value on its price valuation, ranking 171st on the JSE where its year-to-date performance is concerned.

AECI Limited is currently the 171st most-traded stock on the JSE and it has experienced a total trading volume of more than 13.7 million shares, which were finalised in 44,707 deals and were valued at a total of 1.36 billion ZAR over the recent three month period from 22 June to 17 September 2021, with an average of 217,556 shares in each trading session.

During the same period a volume high of 895,038 was achieved on 8 July and a low of 31,578 on 30 August.

How to buy AECI Limited stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participating daily. To buy, sell or trade AECI Limited stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “AFE”.
  2. Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

FAQs

The Johannesburg Stock Exchange (JSE) was founded in 1887 during the first South African gold rush. Today it is the principal stock exchange of South Africa and the largest exchange on the continent.

The Johannesburg Stock Exchange is located in Sandton, Johannesburg and is described as the engine room of the South African economy, with the main purpose of facilitating the raising of primary capital for listed companies while improving job opportunities and wealth creation by providing an orderly market for dealing in securities for investors.

The JSE upgraded to electronic trading in 1996, and in 2005, demutualized and listed on its own exchange.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.