GSE Market Recap after Christmas

Losses in two banking stocks forced the GSE-Composite index downwards. The index closed the week at 2,142.79 from 2,146.02, bringing the year-to-date change to 78.61%. The financial stock performance benchmark also declined by 4.76 points to close at 1,783.75. 
A total of 0.05 million shares valued at GHS 0.07 million were traded. Trade volume and value declined by 99.59% and 99.74% respectively, from the previous session. HFC dominated trading with a 23.33% share of the total trade volume and 16.64% of the total value traded.
Fan Milk (FML) went up one (1) pesewa to close at GHS 6.61. Losses were recorded in CAL Bank, and GCB.
Courtesy GSE research and CBL.

Top Gainers & Losers on the Ghana Stock Exchange

The stock market’s performance indicator recorded 0.53% gain, as upward price movement in six equities helped the index to its third consecutive win. The index closed trading at a record high of 1,931.22, 10.16points higher than the previous session. The change brings the year-to-date return to 60.97%.

The year-to-date return on financial stocks outpaced the return on the market, with CAL, GCB, EGL and SIC providing the needed boost. The GSE-Financial Stock Index closed at 1,675.28 with a year-to-date change of 61.11%..

The 2.12 million shares traded today, was nearly three times the volume recorded at the last session. A total of GHS4.51 million was realized from today’s trades, a four-fold increment over the previous session. Of the shares traded, 64.13% were CAL shares.
Top gainer today was CAL, up 8 pesewas to a record high of GHS1.11. BOPP also reached a record high of  GHS3.40 after gaining 2 pesewas. Others were EGL, GCB, FML and SIC. Oil giant, TLW, shed a pesewa to close at GHS31.09. TOTAL fell by the same margin.
Courtesy: CBL RESEARCH. 

Find out how 4 stocks moved GSE CI up again.

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.

How the stock market stretched winning streak to 6 successive sessions

The stock market stretched its recent winning streak to six  successive sessions, following gains in three stocks. The GSE-Composite Index closed at 1,644.23, up 3.20 points from 1,449.86. The GSE-Financial Stock Index followed suit, climbing 1.75 points to close trading at 1,451.61.

Liquidity was thin on the market today as the 0.02 million shares traded, is the lowest volume recorded in 2013. The corresponding trade value was GHS0.08 million, down 95% from the previous session’s turnover. Guinness Ghana (GGBL) dominated trading accounting for 32.43% of the shares traded and 40.03% of the total value traded.
GGBL closed at a record high of GHS3.51, up GHS0.05. Other gainers were CAL bank and Ghana commercial Bank (GCB). The downside saw SIC Insurance slip to GHS0.30 per share.

Standard Chartered Bank (SCB) to issue bonus shares of no par value

Following the approval by shareholders of  Standard Chartered Bank Ghana Limited (SCB) at its Annual General Meeting (AGM) held at the National Theatre on April 25, 2012, the Company has announced a Bonus Issue of 96,256,070 ordinary shares of no par value (the Issue) on the Ghana Stock Exchange.
  The Issue will be in a ratio of five (5) new shares for every one (1) existing share held.

Source: GSE

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.
The year-to-date return on financial stocks fell below the zero mark, at -0.61%, its lowest since the start of the year.
The Trade volume in the market declined by 53.91% compared to the previous session, as 1.16million shares were exchanged for GHS0.45 million, 45.84% lower than previous session. CAL Bank led the market with 86.59% and 70.51% of the trade volume and trade value respectively.
ETI recorded the only change, down by a pesewa to close at GHS0.10 but still had the potentials to pull down the major indexes.

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Overview of the First Half of 2012 on the Ghana Stock Exchange: Half Year Review.

With a market capitalization of about GHS 55,015.14 million ( USD 31,612.04 million ), the Ghana Stock Exchange closed the first half of the year on a good note and has began the second half with great prospects.
The market’s major index which includes all listed stocks, The GSE Composite Index (GSE CI) opened the year below the base index (1000) with 969.03 points. As at the last trading session in the first half, the GSE CI recorded 1045.48 point with a percentage change of 7.89% as compared to 18.89% gain in the same period last year.

Unlike the GSE Composite Index, the GSE Financial Stocks Index (GSE FSI) opened at 863.09 and still closed below the base index at 899.86 pts.

In the first half, there was no Initial Public Offer (IPO), right issue, bonus issue or de-listings. As at 30 June 2012, the exchange can only boast of one company with preference shares (SCB PREF), one company with depository (AADS). After several trading sessions, Ghana Oil Co. Ltd (GOIL) topped the gainers. Click to watch the Price Movement of the BestPerforming Stock on GSE: GOIL. Meanwhile, the top laggard was Aluwork s Ltd (ALW). The total trades (deals) for the six months accumulated to 11,765 with trade volume amounting to 72.54 million.
As reported by CBL Research, the Average volume per day (in millions) is 0.59. The total value for these sessions in six months was GHS 39.02 million (USD 22.42 million) and an average value per day of GHS 0.32 million which is about USD 0.18 million.
Top Gainers
Now let’s look at the top gainers for the first half. The highest gainer as I already indicated is GOIL, it opened at 0.32p and closed 0.49p which is 53.13% change. Guinness Ghana Brewery ltd (GGBL) was the second top gainer with 50.33% gain after opening at GHS 1.53 and closing at GHS 2.30. Benso Oil Palm Plantation (BOPP) was the third top gainer with a 49.09% after closing at GHS 1.64. Ecobank Transnational Inc. (ETI) unbelievably was the fourth gainer. It opened the year at 0.10p and closed (half year) at 0.14p which is a 40% capital gain. Starwin Product Ltd (SPL) also made 40% gains after gaining a pesewa to move from 0.03p at opening, to 0.04p at closing of the first half.
Top Losers
ALW led the losers and was down from 0.13p to 0.05p to record -61.54p loss. Enterprise Group Ltd (EGL) also fell by -26.32% after dropping from 0.38p to 0.28p. PZ Cussons (Ghana) Ltd (PZC) which opened at 0.24p closed the sessions at 0.19p to record -20.83% loss.
Fan Milk Ltd (FML) and SIC, my favorite stocks lost some values to record -18.57% and -17.50% losses respectively.  These could only be paper losses for those who have not sold in the first half. Some stocks on the market has began active trading in the second half despite the fact that we are in the election year.
Source of Data: GSE & CBL Research