Market reference
ESM 7
Reference Index.
One transparent measure of how the seven equities in this site’s ESX reference are moving together. It is calculated by EthiopianStockMarket.com and is not an official ESX index, investment product or trading signal.
Latest value
1,001.53-0.22 points · -0.02%Observed
3 Nov 2026, 17:17 GMT+3Check time, not an ESX-confirmed trading dateConstituents
7Equal weight at each quarterly rebalancePublished points
7One latest complete check per Addis Ababa dateObserved index history
1,001.53Current equal-weight basket
What moved the index?
| Company | Symbol | Rebalance price | Latest price | Return | Index contribution |
|---|---|---|---|---|---|
| Sidama Bank | SIDAX | ETB 1,300 | ETB 1,300 | 0.00% | 0.00 pts |
| Bank of Abyssinia | BOAX | ETB 1,674.06 | ETB 1,716.27 | +2.52% | +3.60 pts |
| Abay Bank | ABAYB | ETB 1,340.17 | ETB 1,300 | -3.00% | -4.28 pts |
| Ethio Telecom | TELE | ETB 431.37 | ETB 427.25 | -0.96% | -1.36 pts |
| Awash Bank | AWAB | ETB 2,368.78 | ETB 2,366.35 | -0.10% | -0.15 pts |
| Gadaa Bank | GDAB | ETB 1,000 | ETB 1,022 | +2.20% | +3.14 pts |
| Wegagen Bank | WGBX | ETB 1,105 | ETB 1,109.46 | +0.40% | +0.58 pts |
Published methodology
Simple enough to audit.
1. Complete observations only
A point requires one validated after-market batch containing a positive price for every one of the seven tracked equities. Incomplete batches are excluded.
2. Base value of 1,000
The first complete after-market batch is assigned 1,000. Each company begins with the same one-seventh weight.
3. Equal-weight price returns
The index is the chained average of the seven price relatives. A small company and a large company therefore have the same starting influence. Dividends are not included.
4. Quarterly rebalancing
At the first complete observation of a new calendar quarter, the existing index value is preserved and all seven companies reset to equal weights.
5. One point per observed date
If several valid after-market checks occur on one Addis Ababa date, only the latest appears in the public index. Earlier checks remain in the audit history.