Gadaa Bank slides 13% post-listing as ECMA finalises mutual fund rules
GDAB closed Friday at 1,000 ETB, down 13.04% from its 1,150 listing reference. ECMA finalised the Collective Investment Schemes directive, clearing the path for mutual funds and unit trusts.
FX
Latest official prints (data as of 2026-04-23, today's session not yet in): USD/ETB 156.4391 / 158.0035, change -0.51%. Parallel USD/ETB at 180.50 / 181.86, change -1.70%. Computed parallel premium vs official sell: ~15.1% from the FX rows; the Macro tab pegs the FX Gap at 17.5% as of 2026-04-26. Biggest day-mover by magnitude: USD/ETB Parallel at -1.70%.
Macro
Only one Macro indicator falls inside the 14-day window: FX Gap (Parallel vs Official) at 17.5% on 2026-04-26. Inflation, NBR, T-bill and interbank prints all sit in March and are outside the window.
ESX
(Data as of 2026-04-24, today's session not yet in.) Biggest gainer: WGBX (Wegagen Bank) at 1,175.00 ETB, +0.22%. Biggest loser: GDAB (Gadaa Bank) at 1,000.00 ETB, -13.04% — a pullback from its 1,150 reference after Wednesday's listing day, not a regular session swing. AWAB (Awash Bank) at 3,000.04 ETB, -0.37%, settling after its 23 April Main Market listing of 37,896,928 shares. IBMM at 12.0000, -0.71%.
Watch
- ECMA finalised the long-awaited Collective Investment Schemes directive, opening the door for mutual funds and unit trusts alongside the ESX.
- ECMA Director-General Hana Tehelku flagged that the country's total shareholder base is "not even half a million," even with duplication — weak retail engagement remains the main capital-markets bottleneck.
- FSD Ethiopia: more than 99% of digital payments still flow through personal rather than business accounts, leaving merchants outside the formal credit pipeline.
- Filings: Awash Bank S.C. (AWAB) listed on the ESX Main Market with 37,896,928 shares on 23 April.