ESE June trades rise by 9.37%, hit E16.5m

MBABANE – The Eswatini Stock Exchange (ESE) recorded a strong performance in June 2025, with the total value traded surging to E16.56 million, reflecting a 9.37 per cent increase.

Value traded in May 2025 reached E15.14 million.

A total of 6 376 504 shares were traded during the month, signifying renewed investor activity and market liquidity.

On a year-on-year comparison, the equity turnover posted a remarkable spike, soaring from just E20 000 in June 2024 to over E16.5 million by the end of June 2025.

This growth shows the ESE’s rising relevance as a capital market and the increasing interest by both institutional and retail investors.

Despite the jump in traded value, the overall market capitalisation remained unchanged at E6.67 billion, the same as recorded at the end of May 2025. This static figure is attributed to the absence of corporate actions or share price changes during the month.

Compared to June 2024, when the total market capitalisation stood at E6.90 billion, this reflects a 3.37 per cent year-on-year decline.

There are currently nine companies listed on the ESE Main Board. These are:

• First National Bank Eswatini (FNBE): E1.97 billion (29.56 per cent)
• Royal Eswatini Sugar Corporation (RES): E1.64 billion (24.55 per cent)
• SBC Limited: E868.4 million (13.02 per cent)
• Swazi Empowerment Limited (SEL): E684.5 million (10.26 per cent)
• Greystone Partners Limited: E597.8 million (8.96 per cent)
• Nkonyeni Pre-cast Limited: E268.5 million (4.02 per cent)
• Nedbank Eswatini: E369.6 million (5.54 per cent)
• Swaziland Property Investments Limited (SWAPROP): E186 million (2.79 per cent)
• Inala Capital Limited: E86.4 million (1.29 per cent)

The ESE continues to encourage other domestic companies to consider listing, as a means of broadening ownership, promoting financial inclusion and providing access to long-term capital for growth.

The ESE All Share Index held steady at 475.38 points in June 2025, unchanged from the previous month. On an annual basis, the index declined by 3.37 per cent, down from 491.98 points in June 2024.

The stagnation in the index indicates minimal movement in stock prices for the period, highlighting a largely stable market.

While the broader market remained flat in June, there were notable movements in specific share prices on a year-on-year basis.

Among the biggest gainers was Nkonyeni Pre-cast Limited, whose share price jumped by 25 per cent, rising from E1.20 in June 2024 to E1.50 in June 2025.

Royal Eswatini Sugar Corporation also saw an increase of 11.84 per cent, with its share price rising from E15.20 to E17.00 per share. Swaziland Property Investments Limited (SWAPROP) gained 6.67 per cent, moving from E7.50 to E8.00, while Nedbank Eswatini advanced by 3.45 per cent.

On the downside, Greystone Partners Limited experienced a sharp decline of 23.53 per cent, with its share price falling from E3.40 to E2.60 per share. Inala Capital Limited dropped by 20 per cent, while Swazi Empowerment Limited (SEL) saw a 5.13 per cent decrease.

SBC Limited posted a modest annual gain of 1.12 per cent, and First National Bank Eswatini (FNBE) maintained its share price at E14.83, recording no change during the period.

Full details can be found in today's paper.