News Formal

South African tech shares — one company up 1,100% in ten years

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 67%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Over the past ten years, one South African tech stock increased by 1,100%, while another plummeted by 90%.

South African tech stocks have experienced a lot of volatility over the last decade, with the best-performing share, Alaris, gaining 1,100% and the worst-performing share, Ellies, losing 90.2%.

Alibaba, for example, plummeted from a high of around $300 to under $100 over the last eighteen months. As if conditions were not bad enough, Russia’s invasion of Ukraine and the subsequent spike in the oil price further dampened investor confidence.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: South African Assets Become Unexpected Haven for Foreign BuyersSouth African assets are finding favor among foreign buyers even as investors shed most of their riskier holdings after Russia’s invasion of Ukraine.
Source: dailymaverick - 🏆 3. / 84 Read more »