Stock Market witnesses increase activities

Stock Market witnesses increase activities

Accra, Aug. 16, GNA – The mid-week session trading on the Ghana Stock Exchange (GSE) witnessed increased activities, as volumes rose significantly on account of a negotiated transaction in the shares of Ecobank Ghana Limited which boosted its share price.

Consequently, the benchmark GSE-Composite Index edged by one per cent to close at 2,934 points, the stock market review made available to the Ghana News Agency in Accra, on Thursday, by Nordea Capital Investment indicated.

According to the Nordea Capital Investment stock analysis, Ecobank Ghana led the advancers by 6.7 per cent to close the session at GH¢8.96 per share whiles Ecobank Transnational Incorporated rose by 4.2 per cent to close at GH¢0.25 per share. Standard Chartered rose by 0.1 per cent to close at GH¢26.02 per share.

On the other hand, Camelot Ghana lost 6.7 per cent to close lower at GH¢0.14 per share; GOIL declined by 2.7 per cent to close at GH¢3.20 per share; and ACCESS Bank also lost 12.1 per cent to close at GH¢3.50 per share.

The Nordea Income Growth Fund is priced at GH¢0.4304, with a year-to-date return of 6.48 per cent.

On the inter-bank market, the Cedi lost 0.05 per cent against the USD at GH¢4.7042, rose by 0.4 per cent against the Euro at GH¢5.3442 and edged 0.05 per cent against the Pound at GH¢5.9976.

Nordea Capital is dedicated to growing and preserving client assets and building trust, in partnership with financial professionals and institutions worldwide.

The GSE is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990.

Criteria for listing include capital adequacy, profitability, spread of shares, years of existence and management efficiency.


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