CPC trading hit double on GSE

By Francis Ameyibor, GNA
Accra, Jan. 19, GNA - The Cocoa Processing Company (CPC) led the gainers for the mid-week trading on the Ghana Stock Exchange (GSE) with doubled stock which was value 100 per cent to close at GHȼ 0.02 per share.

The State Insurance Company rose by 7.7 per cent to close at GHȼ0.14 per share, whilst the Standard Chartered edged by 0.2 per cent to GHȼ12.34 per share, Nordea Capital Investment Stock Market analysis made available to the Ghana News Agency in Accra, on Thursday revealed.

The mid-week session experienced transactions in 15 equities with four prices changed, in an advance to decline ratio of 3:1; consequently, the benchmark GSE-Composite Index rose by 0.2 per cent to close at 1,737.9 points.

The GSE-FSI also edged by 0.1 per cent to close at 1,615.7 points.

Total Ghana lost one per cent to close the session at GHȼ2.08 per share, as activities in the share was buoyant, as investors bid down the equity.

Volume traded was 557,251 shares which were valued at GHȼ1,018,420.26

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.

GNA