Ghana Stock Exchange (GSE): Market Update: 08.05.12

In today’s trading on the Ghana Stock Exchange, the GSE Composite Index went up by 7.13 point to close at 1,059.64 points. A gain in the share price of Ecobank Transnational Incorporated (ETI) held off the losses in two other equities to push the Index.
Since ETI is a financial stock, the GSE Financial Stock Index also closed at 921.40 points from a previous of 910.92 points. This Index is still trading below the base index of 1000 points. As reported by CAL Brokers (CBL), the overall market return climbed to 9.35%.
The volume of shares traded increased by 57.81% amounting to a 12.93% increase in value, compared to the previous session. About 0.28 million shares valued at GHS 0.11 million were traded.
Out of the total volume traded, GOIL out-performed all other equities by trading 83.45 % of volume and this is about 77.09% of the traded value.
ETI was the only gainer and although it closed at GHS 0.14 from GHS 0.13 (1 pesewa gained), it had the capacity to move the market index up by some points despite the loses recorded by Standard Chartered Bank (SCB) [ -0.1%] and TOTAL [-0.15%] to close at GHS 51.30 and GHS 26.14 respectively.

Courtesy: Ghana Stock Exchange & CAL Brokers Ltd (CBL)

2 thoughts on “Ghana Stock Exchange (GSE): Market Update: 08.05.12

  1. Hindustan Zinc reported a 5 percent year-on-year rise in June
    quarter profit to Rs 1660 crore on improved margins in its copper,
    lead and silver business. The Vedanta-group company’s sales also
    rose 8 percent YoY to Rs 2939 crore on higher volumes and
    weaker rupee, partly offsetting lower metal prices. Its income from
    'zinc, lead and silver division grew 9 percent to Rs.2,874 crore.
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  2. India's largest mortgage lender – Housing Development Finance
    Corporation 's (HDFC) first quarter (April-June) standalone net
    profit rose a little more than 17 percent year-on-year to Rs 1,173
    crore, driven by robust individual loan growth. Net interest income
    (NII) or the difference between interest earned and paid out,
    increased at a similar pace to Rs 1,521 crore..\

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