Monday, September 24, 2012

Details of Ghana's New Ratings by Fitch

A statement issued by Fitch Ratings reveals Ghana’s new rating of B+ with an outlook signifying stability. Four Local Currency government bonds with maturities in 2014 and 2017 have long term rating as B+. The statement stressed that Ghana’s ability to maintain its rating at

Friday, September 21, 2012

Trouble hits the Ghana Stock Exchange as major indexes record second successive loss


The stock market ended the last trading session of the week in red as major indices went down again. The GSE-Composite Index recorded back-to-back losses following negative changes in CAL and TOTAL. The index dropped 0.51 points to close the week at 1,039.94 points, bring the year-to-date return to 7.32%. The financial stock benchmark dropped more points and recorded a second successive loss, down 1.43 points from 873.22 points to 871.79 points.

Saturday, September 15, 2012

Week in Focus: How stocks performed on the Ghana Stock Exchange (GSE)


New week, new gains, new losses, the GSE did not show any clear direction. On Monday the Ghana Stock Exchange gained some ground as gains in CAL Bank and Mechanical Lloyd Company (MLC) offset losses in two other equities. The GSE-Composite Index closed at 1,036.48 points, from 1,035.97 points and the GSE-Financial Stock Index closed at 872.44 points, up 0.64 points from 871.80 points. A total of 0.35 million shares traded, a 51.39% decline from the 0.72 million shares traded at the previous session. The corresponding trade value was GHS0.10 million, 43.76% less than the previous session.

Monday, September 10, 2012

Mechanical Lloyd Company dominates trading for the 2nd successive session on the Ghana Stock Exchange


New Week, New Year high on the Ghana Stock Exchange as performance benchmarks on the local bourse gained some ground. CAL Bank and Mechanical Lloyd Company (MLC) offset losses in two other equities. 

The GSE-Composite Index closed the session at 1,036.48 points, from 1,035.97 points in the previous session. The GSE-Financial Stock Index closed at 872.44 points, up 0.64 points from 871.80 points. The corresponding year-to-date change is 6.96% as at the close of the market.

Monday, September 3, 2012

AngloGold Ashanti Depository shares and Fan Milk closed at year-highs as Gold Fund ETF increased on GSE.



CBL - The stock market returned 0.29% today, as gains in three equities pushed the GSE-Composite Index up 2.93 points, to close at 1,028.83 points. The year-to-date return went beyond the 6% mark at 6.17%. The financial stock index also gained some ground; up 0.43 points to close at 861.80 points.
The trade value increased by more than twenty-fold, and the volume, by

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