5 °c
London
Sunday, April 18, 2021
No Result
View All Result
FurtherAsia FurtherArabia FurtherBrazil FurtherRussia
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Ghana stock makes positive projections

FurtherAfrica by FurtherAfrica
July 5, 2018
in Africa, Banking, Economy, Finance, Ghana
Reading Time: 2 mins read
0
Angola Capital Markets Commission analyses privatisations through stock exchange
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Trading on the Ghana Stock Exchange (GSE) opened the first week of July on a positive note as transactions were registered in 16 counters with three gainers and a loser.

The benchmark GSE-Composite Index edged by 0.1 per cent to close at 2,881 points, Nordea Capital Investment Stock Expert monitoring of trading trend obtained by the Ghana News Agency in Accra, on Wednesday revealed.

According to the Nordea Capital Stock Market watch report, CAL Bank rose by 1.6 per cent to close at GH¢1.30 per share, followed by GCB Bank, which appreciated by 1 per cent to close at GH¢5.20 per share.

Unilever went up by 0.1 per cent to close at GH¢17.81 per share; but Ecobank Ghana lost 0.6 per cent to close at GH¢8.40 to emerge as the only loser for the session.

In all, 59,543 shares were exchanged and these were valued at GH¢115,145.75.

Meanwhile review of the last week of June trading indicates that equity investors remained apprehensive despite GDP growth for first quarter of 2018, which edged marginally to 6.8 per cent.

According to Nordea Capital Investment Stock Expert, investors preferred to focus on macro issues where additional upward adjustments in May Producer Price Index (PPI) suggested further downside risk to inflation, amid an economy that continues to wrestle deficits.

In effect the benchmark index declined by 1.3 per cent to 2,879.4 points, dragging its annual yield further downwards to 11.6 per cent.

Selling spree across multiple sectors as the banks accounted for four out of the seven counters that recorded losses over the week as foreigners exited on account of a volatile Cedi amid panic selling by local retailers.

According to Nordea Capital, Tullow Oil led the decliners with a loss of 15 per cent to close the week at GH¢12.38, Mechanical Lloyd also backtracked by 8.3 per cent to end the week down at GH¢0.11 per share.

PZ Cussons lost 8.2 per cent to GH¢0.45, while Societe Generale also shed 7.4 per cent to GH¢1.26 as profit dipped in the first quarter results.

Similarly, Ecobank Ghana went down by 6.1 per cent to GH¢8.45 as interest income dropped and affected profit for the first quarter. Ecobank Transnational Incorporated and Standard Chartered Bank were the other laggards; as they both lost 4.8 per cent and 0.6 per cent each to close at GH¢0.20 and GH¢27.00 per share apiece.

For the advancers, CAL Bank led the list, appreciating by 4.9 per cent to end the week at GH¢1.28 while Total Petroleum also advanced by 1.3 per cent to close the week at GH¢4.05 per share.

Unilever rose by 0.4 per cent to close the week under review at GH¢17.80 and Enterprise Group Limited which went up by 0.3 per cent to close at GH¢3.02 per share.

CAL Bank emerged as the most traded stock in value terms accounting for 79.4 per cent of turnover on the back of a block trade last Thursday.

A total of 6.2 million shares were traded for this week which was valued at GH¢9.1 million.

Nordea Capital is an investment bank, licensed by the Securities and Exchange Commission and offers a comprehensive range of services in asset management, research and strategy, corporate finance and private equity to institutional, corporate and private clients.

The GSE is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990.

Criteria for listing include capital adequacy, profitability, spread of shares, years of existence and management efficiency.

Source: GNA

Related

Tags: CAL BankEcobank GhanaEcobank Transnational IncorporatedFeatureGhanaGhana Stock ExchangeGSENordea CapitalPZ CussonsSociete Generale GhanaStandard Chartered BankStock exchangestock marketTullow Oilганаغاناガーナ加纳
ScanSendShare320Tweet200Share56Pin72Send
Previous Post

Angola: Non-oil sector foresees 5.1% growth/year

Next Post

Why Zimbabwe’s tech start-ups have it all to do

FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

South Africa: Western Cape sees increase in domestic travel over Easter weekend
Weekend

South Africa: Western Cape sees increase in domestic travel over Easter weekend

by FurtherAfrica
April 17, 2021
Water

Zimbabwe to export water to South Africa

by Staff
April 16, 2021
Conference Access to Africa coming to Dakar, Senegal
Conference

Conference Access to Africa coming to Dakar, Senegal

by FurtherAfrica
April 16, 2021
Soon, Africa’s largest utility will not own any power lines
Energy

Tanzania rural electrification project continues to make progress

by Staff
April 16, 2021
Economy

Mozambique: ‘Valuation of the metical only useful if reflected on the economy’

by FurtherAfrica
April 16, 2021
Next Post
Why Zimbabwe’s tech start-ups have it all to do

Why Zimbabwe's tech start-ups have it all to do

Report: EU lifts ban on TAAG Angola Airlines

Angolan Airlines flies EU airspace without restriction

China, Zimbabwe agree to establish comprehensive strategic partnership

Diplomat appeals for greater understanding of China-Africa cooperation

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2021 AFSIC
2022 Indaba Mining

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
CrudeMix Africa TechGist Africa Farmers Review Africa
Botswana unplugged Financial Insights Zambia Africa Oil & Power
Harambee Africa Novafrica  

Subscribe to FurtherAfrica

Enter your email address to receive notifications of new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

© 2021 FurtherMarkets

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?