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Absa extends gains after Barclays deal

Dec 07 2012 12:11 Reuters

Company Data

BARCLAYS AFRICA GROUP LIMITED [JSE:BGA]

Last traded 0
Change 1,94
% Change 0
Cumulative volume 934460
Market cap 169.08bn

Last Updated: 30-01-2015 at 04:40. Prices are delayed by 15 minutes. Source: McGregor BFA

FIRSTRAND LIMITED [JSE:FSR]

Last traded 0
Change 0,62
% Change 0
Cumulative volume 8505701
Market cap 291.69bn

Last Updated: 30-01-2015 at 04:41. Prices are delayed by 15 minutes. Source: McGregor BFA

STANDARD BANK GROUP LIMITED [JSE:SBK]

Last traded 0
Change 1,41
% Change 0
Cumulative volume 2675573
Market cap 250.21bn

Last Updated: 30-01-2015 at 04:40. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Barclays/Absa shake-up to improve costs

Barclays revamp could mean staff cuts

Wendy Lucas-Bull to chair Absa

Absa, Barclays talks still under way

Absa to take Tafakul to Africa

Absa to buy Barclays Africa for R18bn

 

Johannesburg - Shares of Absa Group [JSE:ASA] extended gains after the bank said it would buy Barclays Africa's operations in a R18.3bn deal. 

Absa's purchase of Barclays African assets gives it a toehold on the continent, opening up a new lucrative market at which it can compete against bigger rivals such as Standard Bank Group [JSE:SBK] and FirstRand [JSE:FSR].

Absa shares are up 3.02% at R154.01 after soaring more than 5% on Thursday.  

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