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ABSA Group Limited (JSE: ABG) | SHARE PRICE

Nigel Firth
Nigel Frith trader
Updated 24 May 2024

What is ABSA Group Limited

ABSA Group Limited is a diversified financial services provider listed on the Johannesburg Stock Exchange (JSE) that offers an integrated set of products and services.

ABSA Group Limited is one of Africa’s largest diversified financial services groups with a presence in 12 countries across Africa.

The history of ABSA Group Limited can be traced back to its establishment on 2October 1986.

Today, ABSA Group Limited has a diversified portfolio of products and services in more sectors of the financial value chain and renders the following services: personal, business, corporate, and investment banking, as well as credit cards, insurance, and wealth and investment management.

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

ABSA Group Limited has its headquarters at 7th Floor, Absa Towers West, 15 Troye Street, Johannesburg, 2001, South Africa.

ABSA Group Limited has more than 40,856 employees and currently serves clients in areas including Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda, and Zambia. Additionally, the group has banking offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania, and Zambia.

On the ultra-continental stage, Absa Group has presence in London, operating as Absa Securities UK, and also a representative office in New York.

The current CEO of ABSA Group Limited is Daniel Mminele.

ABSA Group Limited forms part of the Banking Industry and the Financials Sector of the Johannesburg Stock Exchange (JSE).

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ABSA Group Limited

ABSA Group Limited Stock Performance

The current price for ABSA Group Limited stocks on the Johannesburg Stock Exchange (JSE) is 141.97 ZAR.

ABG stocks closed a recent trading day (Friday 17 September 2021) at 143.62 ZAR per share on the Johannesburg Stock Exchange (JSE), experiencing a 0.3% drop from its previous closing price of 144.00 ZAR.

An analysis of financial data of ABSA Group Limited showed that the company has a total market capitalisation of 122 Billion ZAR, with a Price/Earnings ratio of 8.71 and earnings per share of 16.4940 ZAR. The dividend per Share of ABG is 3.10 ZAR and Dividend yield is 2.16%. A total of 848 Million shares are outstanding.

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

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

Highlights of ABSA Group Limited in 2021

ABSA Group Limited started the current financial year (2021) with a share price of 119.86 ZAR on the Johannesburg Stock Exchange (JSE), and it has gained 19.8% in value on its price valuation, ranking 156th on the JSE where its year-to-date performance is concerned.

ABSA Group Limited is currently the 34th most-traded stock on the JSE and it has experienced a total trading volume of more than 161 million shares, which were finalised in 375,065 deals and were valued at a total of 23 billion ZAR over the recent three month period from 22 June to 17 September 2021, with an average of 2.56 million shares in each trading session.

During the same period a volume high of 8.51 million was achieved on 16 September, and a low of 956,385 on 28 July.

How to buy ABSA Group 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 ABSA Group 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, “ABG”.
  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.