Greystone Partners Ltd takes biggest hit as share price down 13%
By Delisa Magagula
Greystone Partners Limited recorded the largest annual share price drop on the Eswatini Stock Exchange (ESE), falling by 13.24 per cent between September 2024 and September 2025.
According to the ESE’s Third Quarter Trading Statistics, Greystone’s share price declined from E340 to E295, reducing its market capitalisation from E781.7 million to E678.2 million over the period.
The fall represents one of the most notable single-year losses among listed companies, pulling overall market performance into negative territory.
The ESE report attributes the overall 1.47 per cent decline in total market capitalisation largely to losses in Greystone Partners, Inala Capital Limited, and Swazi Empowerment Limited.
Together, these three counters erased earlier gains recorded by Nedbank Eswatini and SBC Limited.
While Greystone showed an annual loss, its stock registered a short-term rebound during the third quarter, rising by 13.46 per cent from E260 at the end of June 2025 to E295 by September.
This movement made it the strongest quarterly performer in the latest trading period, suggesting a limited recovery in investor activity.
Market observers note that Greystone Partners remains a key investment company listed on the ESE, with a diversified portfolio across several sectors.
Its share price movement is often viewed as a general indicator of investor sentiment within the private equity and investment segment of the market.
In contrast, most other listed companies recorded minimal changes in share prices, with FNB Eswatini, RES Corporation, SWAPROP, and Nkonjeni Precast remaining unchanged over the year.
SBC Limited gained 3.37 per cent, while Nedbank Eswatini rose 6.67 per cent year-on-year, offsetting part of the overall market contraction.
The quarterly data shows that the market remains relatively stable despite limited trading activity.
Greystone’s rebound, alongside gains from SBC and Nedbank, helped prevent deeper losses. However, the absence of broad-based growth suggests that the ESE remains in a consolidation phase, with investors focusing on dividend stability and sectoral performance rather than short-term speculation.