Tuesday, August 28, 2012

Mechanical Lloyd, MLC, the BMW distributor dominated trade volume by 79.61% on GSE

CBL . - Losses in two equities forced the GSE-Composite Index 7.16 points lower, closing at 1,025.18 points, from 1,032.34 points. The year-to-date return on financial stocks fell to -0.17%, as the the GSE-Financial Stock Index shed 9.11 points to close trading at 861.66 points.
The trade volume and corresponding trade value declined by

Monday, August 27, 2012

Ghana Stock Exchange begins week with five gainers as trade volume hits record high for the year

This week has begun on the Ghana Stock Exchange with smiles on the faces of some investors as equities from different sectors of the economy gained some cedis. There were five gainers namely AngloGold Ashanti, AGA (Mining), Enterprise Group Ltd, EGL (Insurance), Ecobank Transnational Inc. ETI, (Banking), Ghana Oil, GOIL (Oil) and

Friday, August 24, 2012

The Reason Why Cocoa Processing Company (CPC) is a Good Stock on the Ghana Stock Exchange

I am writing this to first of all restore confidence in the market and reveal some golden opportunities that some type of investors overlook in the market. I would use Cocoa Processing Company(CPC) as an example and let investors know what they miss when they look at only one side of issues.
Price movement of CPC from March to August.
Over some time now, there have been so many complaints from fellow investors, friends and some stakeholders of the market over the low trading price of CPC on the Ghana Stock Exchange. In actual fact, CPC is the lowest priced stock on the exchange and currently 0.02p.

Tuesday, August 21, 2012

Ecobank Transnational Incorporated, ETI pulls down the Ghana Stock Exchange

In the first day of trading this week, ETI, one of the most capitalized stocks on the stock market did not spare any major index but pulled them down. The major indices recorded negative return today, following a decline in ETI stock price. The GSE-Composite Index shed 7.05 points to close trading at 1,023.45. The financial stock index lost by -1.14%, to close at a year-low of 857.79 points.

Thursday, August 16, 2012

GSE- Financial Stock Index picked up as SG-SSB dominated in trade volume.

Today's market update revealed that the local bourse failed to maintain its momentum, as losses in two equities brought the 3-day winning streak to an end. The GSE-Composite Index declined by a marginal 0.01% from 1,03058 points to 1,030.47 points.

Tuesday, August 14, 2012

Fan Milk and GOIL closed at year-highs again as Ghana Stock Exchange had no losers.

Trading results on Tuesday 7th, August 2012, as I captured in my post: 'GOIL and FML closed at Year Highs,' revealed the trend of these two stocks. This trend continues as they reach new year-highs after 6 days. Yesterday, on the back of upward price changes in five equities, the GSE-Composite Index returned 0.16% today, bringing the market's three-day losing streak to a halt.

Tuesday, August 7, 2012

GOIL and Fan Milk closed at year-highs as ETI dominated trading on the Ghana Stock Exchange.

The week started on the Ghana Stock Exchange on a very good note for some stocks, as gains in five equities  helped the GSE-Composite Index to its sixth successive win, up 1.28 points from 1,036.23 points, to close at 1,037.51 points. The year-to-date return went beyond 7% at 7.07%. A 3.03% rise in SIC's stock price pushed the GSE-Financial Stock Index 0.51 points clear of its previous closing of 874.28 points to 874.79 points.

Thursday, August 2, 2012

Earnings Season on the Ghana Stock Exchange: Half Year Reports

We are in the first half Earnings Season on the Ghana Stock Exchange and in my earlier post about Benso Oil Palm Plantation (BOPP), i.e. Half Year Performance of BOPP, I looked at how BOPP performed on the exchange and for the first half. Below are the various performances for some of the companies listed on GSE.
UT Bank
UT Bank Ltd (UTB), an indigenous bank, have reported an 89.23% surge in profit after tax, from GHS 4.69m in 2011 half year results to GHS8.87m for the same period in 2012.

Half Year Performance of Benso Oil Palm Plantation (BOPP)

The first half financial results for 2012 are coming in from the various companies listed on the Ghana Stock Exchange. Let's look at them one by one, starting from Benso Oil Palm Plantation.
An unaudited financial result released by Benso Oil Palm Plantation (BOPP) dated 30th June 2012 reveals that, the company’s profit before tax was up 122% against same period last year.
BOPP is currently priced at GHC 1.57 on the Ghana Stock Exchange and has recorded some impressive figures.


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