Ghana Stock Exchange YTD return crosses 50%

GSE 2018

The Ghana Stock Exchange YTD return crossed 50% at the close of today’s trading on 20th November, 2017. This figure represents the highest year-to-date return recorded in the year so far.

At the end of the trading session today, the GSE Composite Index increased by 26.25 points to close at 2,547.12, which represents a year-to-date return of 50.8%. Similarly, the GSE Financial Stocks Index was up by 35.4 points to close at 2,248.21, representing a year-to-date return of 45.48%.

Share price increase was led by Agricultural Development Bank (ADB) with 48 pesewas gain to close the day at GH¢5.28 per share. Access Bank Ghana (ACCESS) followed with 43 pesewas gain to close at GH¢4.00 per share. Furthermore, GCB Bank Ltd. marginally gained 2 pesewas to close at GH¢4.29 per share. There were no losses for the day’s trading.

In terms of YTD returns of individual stocks, Benso Oil Palm Plantation Limited (BOPP) currently lead with 190.87% followed by Ghana Oil Company Limited (GOIL) and Standard Chartered Bank Ltd. (SCB), with 136.36% and 108.85% respectively. HFC Bank (Ghana) Limited and Total Petroleum Ghana Limited follow with 85.33% and 75% respectively. Others include Fan Milk Limited (72.14%), Ecobank Transnational Incorporated (70.00%), Enterprise Group Limited (64.58%), Standard Chartered Bank Ltd. Preference shares (60.00%), Unilever Ghana Limited (48.77%), CAL Bank Limited (39.47%), Agricultural Development Bank (37.86%) and Trust Bank (Gambia) Limited (34.62%). The rest with gains are Sam Woode Limited (25.00%), Societe Generale Ghana Limited (19.35%), GCB Bank Limited (19.17%), Guinness Ghana Breweries Limited (17.79%), Ecobank Ghana Limited (16.15%) and Aluworks Limited (14.29%).

In contrast, stocks which have recorded negative returns in 2017 so far include Mechanical Lloyd Company Limited (-53.33%), Tullow Oil Plc (-35.71%), and Starwin Products Limited (-33.33%). Other stocks with losses so far are SIC Insurance Company Limited (-16.67%), Ayrton Drugs Manufacturing Co. Ltd. (16.67%), PZ Cussons Ghana Limited (-9.09%), Camelot Ghana Limited (-8.33%), AngloGold Ashanti Depository shares (7.69%), Golden Star Resources Limited (-2.56%) and Access Bank Ghana (-2.44%).

Finally, a number of stocks are yet to record any price change for the year so far. These include African Champion Industries Limited, AngloGold Ashanti Limited, Clydestone (Ghana) Limited, Cocoa Processing Company Limited and NewGold Issuer Limited. Others are Golden Web Limited, Produce Buying Company Limited, Pioneer Kitchenware Limited and Transol Solutions Ghana Limited.

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