SSNIT’s GSE Listed Equities Portfolio

The SSNIT Investments Series revealed that, the Trust currently has share interests in 23 out of the 37 companies listed on the Ghana Stock Exchange (GSE), with a total value of GH¢1.8 billion as at June 2017. A portion of the Trust’s shares in Tullow Oil Plc is also listed on the London Stock Exchange (LSE). The composition of the Trust’s Listed Equities Portfolio is below:Read More »

GSE Market Update: EGL reaches new high

The GSE Composite index closed at 2,253.98 points, a 0.09% increase from Tuesday’s closing of 2,251.91 points. The GSE-Financial Stock Index also went up to close trading at 2,073.85 points from 2,071.06 points.

A total of 1.02 million shares valued at GHS 2.53 million traded. Today’s volume exceeded the previous sessions by 49.67% whiles the value on the other hand, dropped by 12.42%. EGL led the market in terms of volume and value with 71.10% of the total volume and 77.29% of the value traded.

I see opportunities when stock prices fall

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Too many investors in the stock market panic when stock prices fall. Not to say they are not experienced investors to know the trends but even experienced investors panic some times especially when things don’t go as they expect.
I have trained myself to look at the opportunities that come even when I’m losing money.
Unlike trading forex where a loss or continues loss can totally wipe you out of the market, falling stocks only make you paper losses which even creates more opportunities for you to own more of the company.
The Oracle himself said

“The first rule is not to lose. The second rule is not to forget the first rule”.

So if you find yourself losing, buy more to mitigate the loss or totally eliminate it. This way, you will position yourself to gain more when prices rise.
Looking at the gainers and losers for today’s trading session, SPL dropped one pesewa and lost 33.3% in value. And this means with a Ghs 1000 invested, Ghs 330 is gone. (At least on Paper). Or a loss of Ghs 3,300 on a Ghs 10,000 investment in SPL. This is scary but when you know that every move in the market comes with opportunities,  that won’t scare you at all.
SPL is not just 33.3% cheaper but also positions you to make 33.3% gain in just a pesewa increase.
So now that you know,  choose your stocks carefully and when you buy, make sure you follow what Warren Buffett said…. “Never Lose.”

GSE-CI drops following decline in CAL stock price

The GSE-Composite Index fell 0.41 points from 1,777.33 points to 1,776.92 points, following losses on CAL share price. The resulting year-to-date return was -10.93%.

The GSE financial stock also lost ground, dropping 0.89 points to close trading at 1,652.55 points.

The total value traded was GHS13.55 million, more than twice of the mide-week’s trade value of GHS5.45 million. A total of 1.67 million shares changed hands, more than 2 folds the previous session. FML traded the most shares with 95.29% of the volume traded and 99.98% of the value respectively.

FML and SIC climbed, gaining a pesewa each, while CAL saw a decline is its share price.

Courtesy: CAL Brokers Ltd

Fan Milk Ltd (FML) hits year high amid low turnover

The GSE-Composite Index recorded its fourth win in four trading days, following positive returns on FML. The index closed trading 3.63 points higher at 1,771.47 points. The year-to-date return is -11.20%.

A 0.07% dip in Standard Chartered Bank (SCB) forced the GSE financial stock index down 0.29 points, closing at 1,656.27 points from 1,656.56 points.

A total of 0.04 million share exchanged with a corresponding trade value of GHS0.01 million. The turnover and trade value was 66.53% and 82.30% less than the previous session’s volume and value respectively. CAL chalked up 39.64% of the traded volume whereas FML dominated in terms of value traded, accounting for 55.05% of the trade value.

FML gain more ground, climbing to a year-high of GHS8.00 from GHS7.82.

Courtesy: CBL

Ghana Stock Exchange Market Return History & Index Trend

For some time now I have been receiving calls and emails from friends and people, particularly MBA finance students for an access to the Ghana Stock Exchange market returns history for their various academic researches. Other analysts also request for this information but this has been missing from the website of GSE. You can get access to the full historically data of listed companies on the GSE but not that of the Composite Index or the Financial Stock Index.
The stock market has been operating since 1990 and a big thanks to Annual Reports Ghana, for capturing the year to year returns and trend of the indexes so well.  You can even get access to the time series of GSE indices upon request.

GSE Returns since inception:

click to enlarge
GSE RETURNS
Courtesy: http://www.annualreportsghana.com
GSE Return
DATE
INDEX
1990
-29.75%
GSE ALL SHARE INDEX
28-Dec-90
70.25
1991
-8.18%
30-Dec-91
64.51
1992
-3.62%
29-Dec-92
62.17
1993
113.73%
30-Dec-93
132.88
1994
124.35%
30-Dec-94
298.10
1995
6.33%
29-Dec-95
316.97
1996
13.82%
30-Dec-96
360.76
1997
41.85%
31-Dec-97
511.74
1998
69.69%
30-Dec-98
868.35
1999
-15.22%
29-Dec-99
736.16
2000
16.55%
29-Dec-00
857.98
2001
11.42%
31-Dec-01
955.95
2002
45.96%
30-Dec-02
1,395.31
2003
154.67%
31-Dec-03
3,553.42
2004
91.33%
31-Dec-04
6,798.60
2005
-29.72%
30-Dec-05
4,778.07
2006
5.21%
29-Dec-06
5,026.80
2007
31.21%
31-Dec-07
6,595.63
2008
58.16%
31-Dec-08
10,431.64
2009
-46.58%
31-Dec-09
5,572.34
2010
32.25%
31-Dec-10
7,369.21
2011
-3.10%
GSE CI
30-Dec-11
969.03
2012
23.81%
31-Dec-12
1,199.72
2013
78.81%
31-Dec-13
2,145.20
2014
5.40%
31-Dec-14
2,261.02
2015
-11.77%
31-Dec-15
1,994.91

click to enlarge
GSE TREND
Courtesy: http://www.annualreportsghana.com
Note that, the Ghana Stock Exchange introduced the GSE COMPOSITE INDEX (a capitalisation weighted index, using VWAP of GSE-listed companies) in 2011, to replace the GSE ALL SHARE INDEX. Its base date and value is 31.12.10 and 1,000 respectively.
So now you have it. Email: info@annualreportsghana.com for more information on the Ghana Stock Exchange and Listed companies. 

This week on Ghana Stock Exchange.

● ACI announces that the Company will hold its Annual General Meeting at the Christ The King Parish Hall, Liberation Road, Accra on Tuesday, July 21, 2015 at 10.30am.
● GGBL announces that Mr. Oladele Ajayi and Prof. Sir Joseph Woahen Acheampong resigned as Directors of the company effective May 19, 2015.
● ETI has released the attached announcement for the information of the general investing public on bonus issues.
● ETI has released the attached announcement for the information of the general investing public on ETI-RESOLUTIONS ADOPTED AT THE 27TH ANNUAL GENERAL MEETING OF JUNE 19, 2015 IN DAR ES SALAAM, TANZANIA
● TLW-SETTLES CAPITAL GAINS TAX DISPUTE IN UGANDA.
TLW has released the attached announcement for the information of the general investing public.