Accra, May 16, – The Ghana Stock
Exchange (GSE) Financial Stock Index lost 0.5 per cent to close trading on
Tuesday’ session at 3,130.9 points thereby forcing the Composite Index also to
slip downward by 0.5 per cent to close at 3,407.3 points.
Activities however improved over
the previous session as losses were registered in seven counters; the losers
were Produce Buying Company (-25 per cent), Societe Generale (-2.6 per cent),
and Standard Chartered (-2.1 per cent).
The other losers according to
Nordea Capital Investment Stock Market Expect analysis made available to the
Ghana News Agency in Accra on Wednesday were, Enterprise Group Limited (-1.7
per cent), CAL Bank (-1.7 per cent), GOIL (-0.7 per cent) and Fan Milk Limited
(-0.5 per cent).
According to the Nordea Capital
Stock Market watchers, gains were also recorded in Aluworks (+12.5 per cent),
Ecobank Transnational Incorporated (+4.5 per cent) and GCB Bank (+1.1 per
cent).
A total of 597,740 shares were
traded which were valued at GH¢2,007,117.78.
The Nordea Income Growth Fund was
priced at GH¢0.4914 with a year-to-date return of 21.57 per cent.
On the Inter-Bank market, the
Ghana Cedi shed 0.02 per cent against the USD at GH¢4.4138, gained by 0.9 per
cent against the Euro at GH¢5.2336 and rose 0.7 per cent against the Pound at
GH¢5.9556.
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.
Criteria for listing include
capital adequacy, profitability, spread of shares, years of existence and
management efficiency.
GNA
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