Loading...
See More

Absa extends gains after Barclays deal

Dec 07 2012 12:11 Reuters

Company Data

BARCLAYS AFRICA GROUP LIMITED [JSE:BGA]

Last traded 154.21
Change -1.24
% Change -0.01
Cumulative volume 1054851
Market cap 130.73bn

Last Updated: 30/09/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

FIRSTRAND LIMITED [JSE:FSR]

Last traded 42.94
Change -0.07
% Change 0.00
Cumulative volume 8400666
Market cap 242.09bn

Last Updated: 30/09/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

STANDARD BANK GROUP LIMITED [JSE:SBK]

Last traded 130.78
Change -0.45
% Change 0.00
Cumulative volume 2459698
Market cap 211.69bn

Last Updated: 30/09/2014 at 04:27. 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.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

absa group
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...