Eswati capital markets stall with no trades in October
Share prices held steady but bond values declined on the Eswatini Stock Exchange.
Eswatini’s capital markets saw no activity in October, with share prices remaining unchanged for all 10 listed companies on the Eswatini Stock Exchange (ESE). No equity trades occurred, resulting in zero trading volume and turnover for the month. The total market capitalisation stayed at E7.065 billion on October 31, 2026, the same as in September.
The ESE All-Share Index also held at 502.65 points, mirroring its September close. First National Bank of Eswatini maintained its share price at 1 483 cents, and Royal Eswatini Sugar Corporation Limited and Nedbank Eswatini Limited stayed at 1 800 cents each. First National Bank of Eswatini represented 27.92 per cent of the market capitalisation.
Despite the month's inactivity, the market has seen modest annual growth, with capitalisation up 3.96 per cent from October 2025. The All-Share Index increased by 3.80 per cent year-on-year. Government and corporate bond values both fell during October.
Why it mattersInvestors in Eswatini's stock market saw no changes in share values or trading activity in October, though bond values decreased.