Africa Eats, Elite Meat, and Ziweto all listed as public companies on the Stock Exchange of Mauritius nine months ago, today. How are are the companies doing? All three share prices are up: +15.6%, +10.3%, and +15.8%.
There are 50 companies listed on the main board of this stock exchange. Sorted by market capitalization, the companies are smaller than average, ranking 33rd, 43rd, and 45th. Which, BTW, means there are a handful of even smaller companies.
In the above graph, the two most valuable companies make the rest of the values hard to discern, so below is the same graph for just the 25 smallest companies. That demonstrates how Africa Eats is similar in size to the company that operates the port, one of the national cement companies, and ABCB is a bank.
What is more interesting than rankings is the change in value of all these companies over the last nine months. More than half of the listed companies shrunk in value since December 3, 2024. Below are the changes in percentage terms, sorted from largest to smallest change. Africa Eats had the third largest growth rate, Ziweto had the sixth largest growth, and Elite Meat the ninth largest.
We credit Tuesday Markets‘ efforts as equity market maker for helping the share prices follow the business fundamentals, in addition to helping provide liquidity for the shareholders who have bought and sold these shares since December.
