Monday, February 20, 2017
Thursday, February 9, 2017
The GSE Composite Index lost 2.23 points, after ETI stocks recorded a negative price change. The benchmark index closed today's trading at 1,796.31 points, with a year-to-date return of 6.35%. The GSE-Financial Stock Index also recorded a negative return of 0.25% as one financial stock slipped. The index closed trading today at 1,684.95 points from 1,689.21 points.
Trade volumes and values more than doubled compared to that of the previous sessions. CAL dominated trading by a volume of 99.97 % and a value of 99.95%.The total volume of shares traded was 151.88 million, valued at GHS221.78 million the highest single trade ever.
Six equities appreciated whiles ETI lost ground today. - CBL
Monday, February 6, 2017
Upward price movement in five stocks failed to hold off losses in two stocks as the stock market's 14-day winning streak was halted. The GSE Composite Index was down 30.85 points to 1,794.74 from a record high of 1,825.59. The year-to-date return on the bourse fell to 6.26%. The GSE-Financial Stock Index slipped 40.79 points to close at 1,684.33.
Trade volume and value increased by 24.37% and 23.77%, compared with the previous session. The volume traded was 0.14million, and the corresponding value, GHS0.14 million. UTB recorded the highest volume of trade, with 42.10% of the today's volume whiles TOTAL trades accounted for 38.34% of the total value traded.
There were five gainers, BOPP, GCB, SOGEGH, TOTAL and UNIL, and two losers, GOIL and SCB. - CBL
Tuesday, January 3, 2017
GSE Composite Index started the year on a positive note, recording a 9.11 point increase from 1,689.09 points to close at 1,698.20 points. The index started the year with a 0.54% return.
Sixteen equities recorded activity with 1,057,849 shares being traded at a value of GHS 2,470,257.49. UTB led the market with 40.48% of shares traded while FML on the other hand had 92.24 % of the total value realised.
CAL, EGH, FML, GCB, SCB and TOTAL recorded gains respectively. No losses were recorded today.
- CBL RESEARCH
Thursday, December 29, 2016
In all my investment coaching I tell my clients who want to venture into stocks trading or investment, to do one thing and that's what you should do before buying any stock in 2017.
And that is; READ MORE ABOUT EVERY COMPANY YOU DESIRE TO OWN.
Knowing more about the companies you buy or sell always gives you some upper hand and courage.
So get to work. And this is how;
On the Ghana Stock Exchange for instance there are about 35 listed companies. In 2017, target to read the Annual Reports, related news and learn more about what each of these 35 companies do.
You can dedicate one week to study about one company and before you know it, you will be more abreast with what's happening in the Market and then you can make informed decisions.
Most of the information you will need can be found here (www.annualreportsghana.com)
Fast readers can take two companies a week and read on.
Do not be scared of the figures and do not worry about interpreting the financial statements. The goal here is to know what these companies do to make profit, nature of their business, what industry they operate in, who is on their boards or management, who are the top 10 or top 20 shareholders, and any other relevant information you will get in their annual reports.
Doing this will not only get you informed but also build up some zeal or interest in you towards investing on the stock market.
You can apply this principle to other Investments you intend to hold, being it real estate, mutual funds, fixed income securities etc.
Simple task that always pays. Enjoy reading.
Sunday, December 25, 2016
In 2016, I was able to properly manage my finances and simplify the movement of money from one place to the other with the help of these apps.
1. expressPay - This is a very good app for those of you who value time like I do. Moving money from my bank account to any other place is so simple. The bank direct feature added recently is another great thing. I use expressPay send money to people easily, pay electricity bills, buy mobile credit, buy internet bundles, pay for DSTV subscription and even load money into my stock brokerage account. My desire is for every shop, business or person to get on expressPay so we can transact without the use of cash.
2. Bank apps (STANBIC & CAL BANK ): These apps since to be so cool too. Internet banking is simplier and life just gets better when you don't have to visit the banking or ATM hall every time.
3. Financial Calculator: I love these calculator. It helps me calculate everything I want. Helps me get my Return on Investments (ROI) and prepare my financial accounts for my clients. (Clients of PEA FUND). Finance gets boring to people because of the formular works but with a financial calculator, it gets easier and fun.
4. Ghana Investment: Is a recent app I discovered that helps me monitor my fixed income securities (Treasury bills and Fixed deposits).
5. Valuation app: Is also a great app to use for finance. There are valuation techniques and formulas that can help you in your valuations.
6. Money Manager : This app helps me monitor my expenses and incomes on daily, weekly and monthly bases. It can sometimes be time consuming back if used properly and regularly, it will be become a part of you and hence help you control you expenses whiles working towards increasing income streams. It's a must- get app for all.
So now you know. Go get them.
Monday, December 19, 2016
As the year draws to an end, I will be sharing with you some personal finance tips that helped me manage my finances and simply life as well as investing.
1. Bank Accounts:
Let's begin with bank accounts. In 2016, I stuck to the use of bank accounts as an outlet for cash inflows and simply as that.
Not even a peny was allowed to stay in it.
My Salary and other streams of income pass through it and are moved to where they really belong - (Investment accounts).
Keeping too much cash in your bank account is not something I'll advice. The worse form of this is when the bank account is a current account. You don't only lose the value of your money over time, you also get charged.
Another thing to avoid is the little ATM or VISA charge. The more transaction you make, the more you pay.
2. Carry less Cash:
When you carry less cash on you, there is greater possible of you living within your means. This has been my way of controlling my spending. This is a powerful tool and if practiced well, you turn tospend less and even in the case where you have loads of cash on you, you won't feel like spending it on unnecessary items.
In my next post, I'll share some of the apps I use to manage movement of money and personal finance.
Thursday, November 17, 2016
Following losses on three banking stocks, the GSE-Composite Index retreated to 1,667.26 points, from the previous closing of 1,676.59 points. The year-to-date return on the local bourse fell 47bps to -16.42%.
The GSE Financial Stock Index also lost ground. It closed 13.39 points lower at 1,558.69 points. The return on financial stocks fell to -19.24% from -18.55%.
The turnover on the market was 0.05 million, 89.13% less than the previous session's trade volume. Trades in ETI represented 76.73% of the turnover. The total value recorded from trading was GHS0.05 million, of which SCB chalked up 42.77%.
ETI dropped by a pesewa to close at a year-low of GHS0.10, amidst excess supply of the stock. The stock price may slip further if the sell-side pressure persists. EGH and SCB also saw their share prices depreciate. No gainers were recorded.