Latest Rankings! Top 10 African Countries With The Largest Market Depth

Market depth is a crucial tool for traders and investors to make informed decisions and understand the dynamics of a particular market.

It can help them identify potential price levels for buying or selling and manage their trading strategies effectively. However, according to Absa’s 2023, Africa Financial Markets Report, the difficult global economic climate has once again affected the financial markets in Africa.

The report reads in part: “Various survey respondents identified inflation, rising interest rates in advanced economies, and geopolitical tensions as challenges to their domestic markets.”

Market depth refers to the measure of the supply and demand for a particular financial asset, such as a stock, cryptocurrency, or commodity, within a specific market. It provides insights into the level of liquidity and the potential price movements of that asset.

This metric was one of Absa’s six economic pillars it used to determine Africa’s top financial markets in its report.

As with every pillar, this was scored over 100, with some countries indexing close to the max score of 100 and some close to the minimum score of 10.

Below are the ten African countries with the highest market depth.