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CORPORATE BONDS VALUE INCREASED BY 0.93%

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MBABANE – The value of Corporate bonds has increased by 0.93 per cent from E1 614 977 259 in April 2023 to E1 629 947 122 in May 2023.

This is according to the Eswatini Stock Exchange’s month end report for May 2023. The increase was reportedly due to a trade-off between bonds values that commenced trading and those that matured. On a yearly basis, there was a 7.76 per cent increase from E1 512 535 121 in May 2022 to E1 629 947 122 in May 2023. The local equity market’s capitalisation remained constant at E4 365 510 521 in March 2023 to the end of April 2023, since there were no trades that caused the market capitalisation to change in the period under review.

Capitalisation

Year-on-year, the market capitalisation realised a 1.47 gain from E4 302 346 581 in April 2022 to E4 365 510 521 at the end of April 2023. The ESE All Share Index remained constant at 460.24 in April 2023 to the end of May 2023. Year-on-year, the All-Share index increased by 1.47 from 453.58 in May 2022 to 460.24 in May 2023. The month of May 2023 had one trade; this is due to the transition in the ESE trading environment from being manual to fully automated. Month-on-Month, the value traded decreased from E63 720 in April 2023 to E9 600 in May 2023. As of May 31, 2023, total government bonds stood at E6 179 938 000.

Bonds

Month-on-month, government bonds remained constant due to no new bonds/re-openings commencing trading on the ESE. On a yearly basis, there was a 8.59 per cent increase from E5 691 273 000 in May 2022 to E6 179 938 000 in May 2023. The were no new government bonds or re-openings trading on the exchange in May 2023 and no government bonds that matured during the period under review. The ESE aims to enable companies to list and investors to trade in securities. It is worth noting that there were no new listings in the period under review, however, the ESE continues to engage stakeholders in abid to get more listings (both domestic and foreign).

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