Sunday, July 22, 2012

Sector by Sector Market Capitalization for 1st Half, 2012 on Ghana Stock Exchange

Courtesy: CBL Research
By the end of the first half of 2012, the most capitalized sector on GSE is the Mining and Oil Sector. This sector had a market capitalization of GHS 48,874.46 million, making 88.81%. This sector can boast of a mining giant,
 AngloGold Ashanti (AGA), a leading global gold producer, operating in 11 countries and listed on five (5) stock exchanges including the New York Stock Exchange (NYSE). Moreover, this sector
also have another giant, Tullow Oil plc (TLW), a leading independent oil and gas, exploration and production group that listed on GSE not so long and on other exchanges.
With a very huge gap, the Finance sector followed the Mining and Oil sector and had market capitalization of  GHS 4,618.64 million which is equal to 8.39%. It can also boast of a banking giant, Ecobank Transnational Inc. (ETI) (mostly described as a world class pan-African bank group) which dominates capitalization in this sector.
The third most capitalized sector is the FMCGs & Pharmacy sector. This sector had GHS 754.70 million and this represented 1.37% of the total GSE market capitalization.
Following the FMCGs & Pharmacy sector is the Manufacturing & Trading sector and this takes only 1.02% of the market with GHS 562.62 million capitalization. The Manufacturing & Trading sector can also boast of a giant such as Unilever Ghana (UNIL), a manufacturer of leading food brands, home and personal care.
The Agric-business sector on the exchange achieved a market capitalization of GHS 214.43 million and that's less than 1% (actually 0.39%).
Finally, the ICT & Paper sector had market capitalization at the end of the first half as GHS 9.50 million, making 0.02% of GSE.

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