Tuesday, July 30, 2013
Monday, July 29, 2013
In this issue, millionaires became billionaires. At age 38, Mohammed Dewji, who employs 24,000 people and claim to contribute 3.5% to Tanzania’s GDP, became a billionaire moving from $30 million. One important lesson from Mohammed is his philosophy about success. He is not satisfied with what he has got but always works harder to achieve more. As an entrepreneur, Mohammed and his MeTL Group (Mohammed Enterprise Tanzania) keep outgrowing its vision so they revisit the vision from time to time. Taking over from his father, it was reported by Kristin Palitza that Mohammed built an empire and targeted to grow to 5billion in 5years time.
Thursday, July 11, 2013
The stock market gained more ground, recording a second straight win, following positive returns on four stocks. The GSE-Composite Index rose 9.41 points to close at 1,897.66.
Upward price movement on GCB and SCB drove the financial stock index 12.49 points higher, to close at 1,633.48.
Total volume of shares traded was 0.79 million, 20.74% less than the previous session. The value traded however, increased by 88.08% from GHS1.06 million on Wednesday, to GHS1.99 million. SIC trades represented 64.91% of the total volume traded, while GCB led in terms of value for the second straight session with 46.09%.
BOPP and GCB gained 2 pesewas each to close at GHS3.21 and GHS4.80 respectively. Other gainers were SCB and TLW.
Tuesday, July 9, 2013
The local bourse recorded its third successive loss, following price dips in GOIL and TLW stocks. The GSE composite Index fell 2.82 points to close at 1,880.95 from 1,883.77.
The financial stock index remained unchanged at 1,608.94 as financial stocks stayed flat.
Liquidity improved as 0.16 million shares traded compared to Monday's volume of 0.08 million. The total value of trade stood at GHS0.14 million, a marginal 7% increase over the previous session's GHS0.13 million. Trades in CAL bank shares represented more than 70% of both the total volume and value traded in today's session.
GOIL continued its descent, falling 7 pesewas to GHS0.90. TLW was also down GHS0.39 to GHS31.10. On the upside, TOTAL gained 5 pesewas to close trading at GHS41.80.