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17.01.2017 Business & Finance

Total Ghana leads Stock Market gainers

Total Ghana leads Stock Market gainers
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By Francis Ameyibor, GNA
Accra, Jan. 17, GNA - Total Ghana led gainers on the Ghana Stock Exchange (GSE) transactions as it rose by 2.9 per cent to close at GH¢2.10 per share, whilst Standard Chartered edged 0.1 per cent to GH¢12.31 per share.

According to the Nordea Capital Investment Stock Market analysis made available to the Ghana News Agency in Accra, on Tuesday, transactions were recorded in nineteen equities with five price changes, in an advance to decline ratio of 2:3.

In effect the benchmark GSE-Composite Index dropped by 0.2 per cent to close at 1,732.5 points, whilst the GSE-Financial Stock Index also slipped by 0.1 per cent to 1,612.3 points.

According to Nordea Capital Investment Stock Analysts CPC halved its value to close the session at GH¢0.01 per share, followed by Aluworks which shed 6.7 per cent to GH¢0.14 per share, and CAL Bank dropped by 1.3 per cent to GH¢0.75 per share.

Volume traded were 197,575 shares which were valued at GH¢124,555.10

Nordea Capital is an investment bank, licensed by the Securities and Exchange Commission and offers a comprehensive range of services in asset management, research and strategy, corporate finance and private equity to institutional, corporate and private clients.

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.

It currently lists 42 equities from 37 companies and 2 corporate bonds. All types of securities can be listed.

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


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