CBL Research: - Half Year 2012 trading results of the Ghana Stock Exchange indicate that a total of 72.54 million shares changed hands on the market representing a 12.04% decline from the 82.47 million shares that were traded on the market for the first half of 2011. Out of the 72.54 million shares traded on the GSE for HYR 2012, a total of 40.07 million shares (representing 55.24%) were financial stocks thus maintaining the sector as the lead sector of the market in terms of volume. The FMCGs and Pharmaceuticals sector had a 23.18% share of the total market volume for the period. This was largely due to a block trade in AYRTN that was executed in March 2012.
Monday, July 23, 2012
Sunday, July 22, 2012
Wednesday, July 18, 2012
With a market capitalization of about GHS 55,015.14 million ( USD 31,612.04 million ), the Ghana Stock Exchange closed the first half of the year on a good note and has began the second half with great prospects.
The market’s major index which includes all listed stocks, The GSE Composite Index (GSE CI) opened the year below the base index (1000) with 969.03 points. As at the last trading session in the first half, the GSE CI recorded 1045.48 point with a percentage change of 7.89% as compared to 18.89% gain in the same period last year.
Wednesday, July 11, 2012
Ghana Oil Company Limited, popularly known as GOIL records a 1 -Year -Return of 58.06% with current Price per Earnings ratio of 12.95% (trailing 12 months). Earning Per share trailing twelve months is 0.0378p and the current share price is 0.49p with market capitalization of GHS 102.99 million. (Bloomberg).
GOIL markets and distributes Petroleum products in Ghana. The company markets, gasoline, oils and lubricants. It recently changed it's logo and positioned itself as an energy company.
Performance On Ghana Stock Exchange (Jan-Jul. 2012) below:
Friday, July 6, 2012
Guinness Ghana Brewery Ltd. (GGBL) dominated trading with 43.05% of the trade volume to close the week on GSE
Trading began on Tuesday this week because of the holiday. The stock market's five-day winning streak for last week was halted as losses in two equities forced the GSE-Composite Index 7.08 points lower at 1,038.40 points. The GSE-Financial Stock Index recorded a 1.01% decline
Thursday, July 5, 2012
CBL:- The Stock Market recorded its worst day-on-day performance today, as the major indices (GSE Composite Index & GSE Financial Stock Index) fell, following losses in three equities. The GSE-Composite Index returned -0.96% as it fell 10.04 points from 1,040.70 points to 1,030.66 points. The GSE-Financial Stock Index closed at 883.00 points, from 893.32 points.
CAL BANK was dominant in terms of volume traded, accounting for