The Cocoa Processing Company (CPC) led the gainers for the first week of February trading on the Ghana Stock Exchange (GSE) as it appreciated by half its value +50 percent to close at GHS0.03 per share.
The Standard Chartered Bank climbed by 15.2 percent to close the week at GHS15.00 per share, which according to Nordea Capital Investment Stock Market Experts is the highest price since May 2016.
Nordea Capital Investment Stock Market analysis made available to the Ghana News Agency in Accra, on Monday indicated that the stock market remained largely on a bullish trajectory despite Ghana’s economic challenges.
The Societe Generale Bank also rose by 11.9 percent to GHS0.75 per share whilst GCB Bank went up by 6.9 percent to close at GHS4.19 per share, and Unilever advanced by 2.7 percent to close at GHS8.74 per share.
Total Petroleum edged by 2.3 percent to close at GHS2.20 per share and Benso Oil Palm Plantation added 1.4 percent to its value to close at GHS2.12 per share; whilst Ecobank Ghana rounded the list of gainers, by inching up by 0.7 percent to GHS6.91 per share.
According to Nordea Capital Investment Stock Market Expert, Tullow Ghana lead laggards for the week under review, the stock backtracked by 7.6 percent to close at GHS24.83 per share; and the HFC Bank lost 5.6 percent to close at GHS0.68 per share.
The Ghana Oil Company Limited dropped by 0.9 percent to close at GHS1.11 per share.
According to the Nordea Capital Investment Stock Market Expert, the GCB Bank emerged as the most traded equity in value terms for the week under review as its stock accounted for 34.3 percent of all value traded.
Total volume traded was 1.6 million shares which were valued at GHS1.7 million.
According to the Nordea Capital Investment Stock Expert, the bourse extended its momentum from January into February consequently the benchmark GSE-Composite Index appreciated by 3.3 percent to close at 1,825.6 points, representing a year-to-date return of eight percent.
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 two 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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