Gadaa Bank slumps 13% on second session as Awash debut steadies above 3,000
Gadaa Bank fell 13.04% to 1,000 birr on its second session; newly listed Awash slipped 0.37% to 3,000.04. Birr held near 158 official; parallel-vs-official gap at 17.5%.
FX (data as of 2026-04-23, today's session not yet in)
- USD/ETB official: 156.4391 / 158.0035 (–0.51%)
- USD/ETB parallel: 180.50 / 181.86 (–1.70%) — biggest day-mover
- EUR/ETB: 183.52 / 185.35 (–0.81%); GBP/ETB: 211.40 / 213.51 (–0.59%)
Macro
- FX Gap (Parallel vs Official): 17.5% (26 Apr)
- Older readings (Mar): Headline CPI 9.7% YoY, NBR policy rate 15.0%, 91-day T-bill 12.4%, Bank credit growth 45.3% YoY
ESX (data as of 2026-04-24, today's session not yet in)
- AWAB — Awash Bank: 3,000.04 (–0.37%) — second day after Main Market listing of 37,896,928 shares
- WGBX — Wegagen Bank: 1,175.00 (+0.22%) — biggest gainer
- GDAB — Gadaa Bank: 1,000.00 (–13.04%) — biggest loser, correcting from 1,150 reference on listing day
- IBMM — Interbank Money Market: 12.00 (–0.71%)
Watch
- ECMA finalized long-awaited CIS (collective investment schemes) directive — opens path for fund products
- ECMA flags Ethiopia's shareholder base "not even half a million"
- FSD report: mobile money growth not translating into credit access
- Filing: ESX listed Awash Bank S.C. (AWAB) on 23 Apr — 37,896,928 shares