• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Stock Market 201702

Stock Market Hits Marginal Turbulence

14-Feb-2017
/ Stock Market, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

Trading on the Ghana Stock Exchange (GSE) for the second week of February (6-10) hit marginal turbulence and as a result, the benchmark GSE-Composite Index lost 1.1 per cent on a week-on-week basis, to close at 1,805.1 points.

The lost represents a year-to-date return of 6.9 per cent, despite the advance to decline ratio coming in at 9:4; Nordea Capital Investment Stock Market analysis made available to the Ghana News Agency in Accra, on Monday indicated.According to the Nordea Capital Investment Stock Market Expert, the Standard Chartered Bank led the laggards for the week, as the stock declined by 11.2 per cent to close at GHc13.32 per share.
Ecobank Transnational Incorporated also lost 7.1 per cent to close at GHc0.13 per share while, CAL Bank dropped 1.3 per cent week-on-week to close at GHc0.75 per share. The Nordea Capital Stock Market analysis also indicated that Fan Milk Limited fell by 0.9 per cent to close at GHc11.10 per share.

According to Nordea Capital Investment Stock Market Expert in spite of the marginal turbulence the UT Bank advanced by 33.3 per cent to lead the gainers for the week, as it stock closed at GHc0.04 per share.
The SIC Insurance appreciated by 6.7 per cent to GHc0.16 per share, followed by Total Ghana Limited which gained by 6.4 per cent to close at GHc2.34 per share.

The Ghana Oil Company Limited (GOIL) the foremost indigenous Oil Marketing Company also climbed by 5.4 per cent to GHc1.17 per share. GOIL also posted profit after tax of GHc62.4 million for 2016, despite a decline of 3.8 per cent in revenue. According to Nordea Capital Investment Stock Market Expert said Benso Oil Palm Plantation also rose by 4.2 per cent to close at GHc2.21 per share, whilst the GCB Bank, and Ecobank Ghana Limited edged by 3.3 per cent and 1.4 per cent each to close at GHc4.33 per share and GHc7.01 per share respectively.

Guinness Ghana Brewery Limited was up by 0.7 per cent to close at GHc1.52 per share, whilst Unilever Ghana Limited inched up by 0.5 per cent to close at GHc8.78 per share.
Unilever Ghana also reported an 11.5 per cent rise in profit after tax for 2016, even though revenue declined by 4.3 per cent to GHc496.3 million.

According to Nordea Capital Investment Stock Market Expert, a block trade in CAL Bank kept turnover buoyant on the Accra Bourse as the week saw a total of value of GHc228.4 million. CAL Bank accounted for 98.2 per cent of the week’s turnover.

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.Nordea Capital is dedicated to growing and preserving client assets and building trust, in partnership with financial professionals and institutions worldwide.
The GSE is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990.

It currently lists 42 equities from 37 companies and two corporate bonds. All types of securities can be listed.
Criteria for listing include capital adequacy, profitability, spread of shares, years of existence and management efficiency.

Source: GNA

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Gov�t Invites Subscriptions For Dollar Bonds

Next Post

VRA, GRIDCo To Be Listed On The GSE � Nana Addo

 
 

More Stories

Investment Potentials To Magnify
US$7.5bn Forex Trade Market Untapped
Microsoft Invests $2 Billion In London Stock Exchange Cloud Deal
More Mining Listings On Stock Market Underway
Stocks Extend Bear Market Bounce As Inflation Angst Eases
High Energy Prices Could Sink U.S. Stocks During Earnings Season
World Stocks Clamber Off 18-Month Lows, But Markets On Recession Watch
Stocks Slip, Bonds Hit As Bets On Fed Action Rise
Stock Exchange Records GH¢194 Million In Traded Shares For First 6 Months Of 2020
Next Post

VRA, GRIDCo To Be Listed On The GSE � Nana Addo

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Stock Market Stories

  • Investment Potentials To Magnify

  • US$7.5bn Forex Trade Market Untapped

  • Microsoft Invests $2 Billion In London Stock Exchange Cloud Deal

  • More Mining Listings On Stock Market Underway

  • Stocks Extend Bear Market Bounce As Inflation Angst Eases

  • High Energy Prices Could Sink U.S. Stocks During Earnings Season

  • World Stocks Clamber Off 18-Month Lows, But Markets On Recession Watch

  • Stocks Slip, Bonds Hit As Bets On Fed Action Rise

  • Stock Exchange Records GH¢194 Million In Traded Shares For First 6 Months Of 2020

  • Trading Activities On Local Bourse Up 147% In May

 

 
 

Popular Videos

Kokrokoo Discussion Segment On Peace 104.3 FM (29/09/2023)

ARISE AND SHINE with EVANG. KING DAVID on NEAT 100.9 FM 20/09/23)

Peace Power Sports (28/09/2023)

GHANA MONTIE WITH MAC-JERRY OSEI AGYEMAN on NEAT 100.9 FM 29/09/23)

Kokrokoo Live On Peace 104.3 FM (28/09/2023)

Peace Power Sports (29/09/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media