Stock market performance: GSE return for 2017 caps at 52%

GSE 2018

The Ghana Stock Exchange has ended the 2017 year on a positive note. This comes after posting losses for two consecutive years. At the end of the last trading session on 29th December 2017, the  GSE Composite Index increased by 3.33 points to close at 2,579.72. As a result, the GSE return for 2017 closed at 52.73%. Likewise, the GSE Financial Stocks Index went up by 4.66 points to close at 2,310.58, indicating a final return of 49.51% for the year.

 

Notable companies which ended the year with positive returns are Benso Oil Palm Plantation Limited (194.23%), Ghana Oil Company Limited (144.55%), Standard Chartered Bank Ltd. (106.8%),  HFC Bank Limited (85.33%) and Total Petroleum Ghana Limited (76.5%).

Others include Ecobank Transnational Incorporated (60.00%), Standard Chartered Bank Ltd. Preference shares (60.00%), Fan Milk Limited (58.04%), Enterprise Group Limited (54.13%), Agricultural Development Bank (52.48%), Unilever Ghana Limited (50.88%), CAL Bank Limited (42.11%) and Trust Bank (Gambia) Limited (34.62%).

The remaining companies with positive gains are GCB Bank Limited (40.28%), Societe Generale Ghana Limited (32.36%), Guinness Ghana Breweries Limited (26.38%), Sam Woode Limited (25.00%), Ecobank Ghana Limited (16.92%) and Aluworks Limited (14.29%).

 

On the contrary, listed companies that recorded negative results for the 2017 year are Mechanical Lloyd Company Limited (-60.00%), Tullow Oil Plc (-36.2%), SIC Insurance Company Limited (-16.67%) and Ayrton Drugs Manufacturing Co. Ltd. (-16.67%).

The rest are PZ Cussons Ghana Limited (-9.09%), Camelot Ghana Limited (-8.33%), AngloGold Ashanti Depository shares (-7.69%), Access Bank Ghana (-1.22%) and Mega African Capital Limited (-0.33%)

 

A number of companies however made no gains or losses for the 2017 year. These are 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, Transol Solutions Ghana Limited and Starwin Products Limited.

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