Find out How The Economic Machine Works by Ray Dalio

GSE Market Recap after Christmas

Losses in two banking stocks forced the GSE-Composite index downwards. The index closed the week at 2,142.79 from 2,146.02, bringing the year-to-date change to 78.61%. The financial stock performance benchmark also declined by 4.76 points to close at 1,783.75. 

A total of 0.05 million shares valued at GHS 0.07 million were traded. Trade volume and value declined by 99.59% and 99.74% respectively, from the previous session. HFC dominated trading with a 23.33% share of the total trade volume and 16.64% of the total value traded.

Fan Milk (FML) went up one (1) pesewa to close at GHS 6.61. Losses were recorded in CAL Bank, and GCB.

Courtesy GSE research and CBL.

MERGER OF GSE SECURITIES DEPOSITORY COMPANY LTD & CENTRAL SECURITIES DEPOSITORY LTD GH

The Central Securities Depository GH Ltd was established in 2004 to manage the issue, redemption and maintain the records of ownership of securities issued by Government of Ghana, Bank of Ghana and the Ghana Cocobod. The Central Securities Depository is wholly owned by the Bank of Ghana.
In 2008, the Ghana Stock Exchange (GSE) also established the GSE Securities Depository Company Limited (GSD) as a subsidiary to provide custody for securities listed on the Ghana Stock Exchange and also to provide for the dematerialization of share certificates.
It has been realised that the capital market in Ghana is not big enough to be served by two depositories. The Ministry of Finance facilitated discussions since 2010 between the Bank of Ghana and the Ghana Stock Exchange towards a merger of the two subsidiaries.
In April 2013 a Transaction Advisor was engaged to advise on the process. The Due Diligence Reports and Valuations Reports of the Transaction Advisor were accepted by the Boards of the Bank of Ghana and the Ghana Stock Exchange.
Highlights of the agreement are as follows:
The Central Securities Depository (GH) Ltd shall be the surviving entity.
Effective date of the merger is January 1, 2014.
The issued shares of 3,500,000 of the CSD will be maintained.
Bank of Ghana will own 82% of the new company and transfer 18% to the Ghana Stock Exchange.
The Ghana Stock Exchange will be allowed to increase its shareholding up to 30% within one (1) year at a price existing at the time of the merger.
A new Board of Directors will be appointed by the two shareholders to manage the affairs of the company. Mr. Stephen Tetteh, maintains his position as Chief Executive Officer while Mrs. Melvina Amoafo, the current Executive Director of the GSE Securities Depository Company assumes the position of Deputy Chief Executive. All staff of the GSE Securities Depository Company will be absorbed into the new company.
The merged entity will handle securities listed and unlisted on the Ghana Stock Exchange as well as Government of Ghana and Bank of Ghana Instruments, Cooperate Bonds and Money Market Instruments. It will also operate the registrar services under the licence granted by the Securities and Exchange Commission.
The merger will provide a common depository platform for the two institutions and harmonisation of trading as well as clearing and settlement practices. This will generate benefits and thus create significant additional value for all market participants.
The merger will make for a more efficient trading of fixed income and equity securities and reduce operational cost for the merged depository and lower transaction cost for market participants. It will also make the market more attractive to investors. Investors will maintain only one account for all their portfolio. The resources of the shareholders, Bank of Ghana and Ghana Stock Exchange can be pooled together to build a state-of the-art infrastructure to modernise the operations of the depository.
The registered office of the new entity will be on 4th Cedi House, Liberia Road, Accra.
Contact Numbers: 0302 689313/4

Courtesy: Ghana Stock Exchange.

TOTAL on GSE to pay Interim Dividend on Christmas Eve

● TOTAL has announced an Interim Dividend of GH¢ 0.0771 per share in respect of its 2013 financial year.

● The qualifying date has been scheduled for Wednesday, December 18, 2013. Also, the ex-dividend date is Monday, December 16, 2013.

● TOTAL plans to pay the interim dividend on Tuesday, 24th December, 2013 (Christmas Eve) - a good time to reward shareholders.

GOIL announces Bonus Issue

GOIL has announced a Bonus Issue in a ratio of 0.2 new shares for every one (1) existing share held; following its approval by shareholders of the company at its AGM held on the 25th July, 2013.
The qualifying date has been set for Monday, 9th December, 2013. Also for the purposes of trading on the exchange, the Ex-Bonus date is Thursday, 5th December, 2013. (This means investors buying GOIL shares on or after this date will not be entitled to the bonus shares)

Source: CBL Research

Living with an Emergency Fund

Live with an emergency fund: I've always had something wrong with this concept of "living with emergency fund"- that's saving an amount of money that you can refer to in case of emergencies, simply because I thought I don't have enough to buy stocks and other long term securities thus why should I keep some in emergency funds. However I think, it's the right thing to do in other to safeguard your valuable investments. I have had situations in my life that required me to quickly sell my investments before they matured. This is very unfortunate and in order to prevent deeping your hand in to your portfolio, it's always adviceable to ......... read more here: http://peagama.tumblr.com/post/67442400968/live-with-an-emergency-fund-i-always-had

GSE Market Filla. cc. #marketfilla #ghanainvest #gseinfo

• CAL Bank unveiled its impressive 9 months performance ending September 30, 2013 at the ‘Facts behind the Figures’ programme yesterday.
• CAL’s net interest income has grown by 280%, nearly four times over the last two years; as net interest margin also improved from 8.4% to 13.6% for the same period. Its cost-to-income ratio for the first 9 months of 2013 was 35%.
• CAL’s 2-pesewa dip appears to be as a result of investors trying to consolidate their positions in at relatively lower price. CAL’s outlook is promising as it plans increased investment in skilled human resources, IT, retail and corporate banking.- (courtesy: CBL Research)
• Fan Milk Ltd (FML) announces that at the 52nd Annual General Meeting of the company held on Wednesday, 8th May, 2013, shareholders passed a resolution to cancel the 2,500,000 shares held in treasury. The cancellation has been effected and as such reduced the issued ordinary shares of the company to 116,207,288.

Great Business Lessons from a Professional & Networking Giant

Mr. Nana Kwame Amporful
[Professional Accountant & Auditor]
Founder of the Premier Networking Investment Club
(PNIC Group) 

In his own words;
"In my close to a decade experience as a professional accountant and auditor, I have witnessed respected and seemingly responsible people involve in fraudulent activities. From my painful knowledge of their shameful end, I have learnt some lessons;

1. In a relationship, be truthful to your partner. Let him or her know your real financial strength or status. Be open with each other." If he or she truly loves you (in case of love relationships), he or she will be willing to stick around with you and also in the case of business partnership, truthfulness builds trust.

2. Do not envy anyone. Do not wish to be like anyone; you have no idea what problems they have;

3. Do not make anyone your standard. Do not live life to please anyone. Believe in yourself;

4. Live within your means. You have no idea who is watching and wants to be able to afford what you own;

5. Remember, with a close relationship with the Lord, you can make genuine riches by associating with the right people, learning and working smart."

CAL Bank & StanChart's Earnings up for 3rd Quarter

CAL:
CAL Bank Ltd, (CAL) a GSE listed stock reported a 9-months profit after tax of GHS 64.86 million, up 115% year on year. Total Assets grew by 39% from GHS1.02 billion in Q3 2012, to GHS 1.42 billion. The bank experienced a 50.3% growth in the loan book, from GHS 639.00 million in Q3 2012, to GHS 960.27 million in Q3 2013.

SCB:
Standard Chartered Bank, (SCB) reported an 80.4% year on year growth in net profits for Q3 2013, from GHS80.19 million in Q3'12 to GHS 144.62 million. Total assets of the bank increased by 54.9% to GHS 3.49 billion. 

Major World Market Indices in Comparison with GSE Composite Index

CLICK TO ENLARGE.
(courtesy:  MorningStar & GSE )

TOP 10 COMPANIES OF GHANA CLUB 100

The 100 companies being awarded are the top 100 high performing companies in Ghana, from both the public and private sectors.  The Ghana Club 100 (GC 100) is an annual compilation of the top 100 companies in Ghana to give due recognition to successful enterprise building and was launched in 1998 by the Ghana Investment Promotion Centre (GIPC). Below are Top 10.

Bloomberg fired Ghana Stock Exchange (GSE)? What happened?

What has happened to the relationship between Ghana Stock Exchange (GSE) and Bloomberg?
On 2nd March 2010, Ghana Stock Exchange announced its relationship with Bloomberg and issued a Press Release stating that “GSE data is now available worldwide on Bloomberg ”.

According to Mr. Kofi Yamoah, Managing Director of the Ghana Stock Exchange, “this new development is in line with the GSE’s vision of reaching out to investors globally and ensuring

AngloGold Ashanti (AGA) lists additional shares on GSE: Find out more.

The Ghana Stock Exchange (GSE) has on Monday, October 7, 2013 admitted to its list, 18,140,000 ordinary shares of 0.25cents each issued by AngloGold Ashanti Limited.

The shares were issued for the purposes of the conversion of an aggregate principal amount of US$686,162,400, 6% Mandatory Convertible Subordinate Bonds due on September 15, 2013. 

The bonds were issued by AngloGold Ashanti Holdings Finance plc, a wholly-owned subsidiary of the company and fully and unconditionally guaranteed on a subordinated basis.

The directors of AGA acting on the shareholders resolution of a general meeting held on October 26, 2010, on August 27, 2013 authorized the issue and the allotment of the said shares.  The shares were in accordance with the terms of the transaction.

Source: GSE

Guinness Ghana (GGBL) & PZC reached record highs : Market Recap

The stock market gained more ground, recording a second straight win, following positive returns on two banking stocks, together with PZC and GGBL. The GSE-Composite Index rose 5.73 points to close the week at an all time high of 2,020.26.
The financial stock index also followed suit recovering from its three days losing streak. The GSE-Financial Stock Index went up 1.79 points to 1,691.90 from Thursday's closing of 1,690.11.

A total of 0.14 million shares were traded on the exchange today, amounting to a sum of GHS0.68 million.  The trade volume and value decreased by 99.40% and 95.71% respectively. Trading was dominated by EGL and SCB, with EGL responsible for 18.56% of the volume traded and SCB, 54.58% of the trade value.

GGBL and PZC reached record highs after picking up ten (10) pesewas and three (3) pesewas to close at GHS5.40 and GHS0.90 respectively. SCB was up four (4) pesewas to GHS14.18, CAL also went up two (2) pesewas to close at GHC1.06. The downside had BOPP, EBG and GCB.

SIC at a glance in my investment note book.

Ghana Investment Report; Impressive? Find out the new developments

This afternoon I was reading the 1st and 2nd quarter Investment Reports by the Ghana Investment Promotion Centre (GIPC) and I must say I'm impressed about the report; not about the content but about the layout and how the content was put together. Again not that the arrangement or layout was great but just that my expectations were very low. 

Now let's look at some key aspects of the reports.

Dividend Payment dates for some GSE-Listed Companies

EQUITY	DPS	QUALIFYING DATE	PAYMENT DATE
SCB-PREF	0.0671	Sept 12, 2013	Sept 30, 2013
SPL	0.0022	Sept 26, 2013	Oct 08, 2013
PZC	0.0046	Sept 23, 2013	Oct 14, 2013
EGL	0.020*	Oct 1, 2013	Nov 4, 2013

CAL brokers to train investors on the new multi-asset trading platform.

CAL Brokers Limited (CBL), a brokerage house in Ghana is organizing a trading seminar from September 17th -19th, 2013 between 5:00pm -7:00pm at the Ghana Stock Exchange for investors and users of their ibroker platform.

With Innovation as their forte, CBL became the first brokerage firm in West Africa to introduce an online trading platform - “ibroker” - which has attracted a lot of users from Ghana, Nigeria, Kenya, USA, Japan, and UK among others.

Five years down the line CBL is coming back into the market with another flagship platform which allows users to trade in multi-asset classes including Index futures (GSE-CI), Gold, Oil and currency (GHs/USD, EUR/USD & GBP/USD)futures. The platform is linked to the Global Board of Trade (GBOT) market in Mauritius.

In view of this CBL will be organizing a trading seminar for their cherished clients on the fundamentals of trading and investing on GBOT which will cover among others: the overview of GBOT, fundamentals of trading futures and CFD’s and market analysis, trading from anywhere (introduction of trading technology) and how to trade with CAL Brokers limited on GBOT.

The training will be held at the GSE Conference Room.
Kindly confirm your participation by sending an email to Charles@calbrokersghana.com.

Courtesy CBL.

Ghana Stock market recovers as 6 stocks gained.

The performance indicator of the local bourse, the GSE-Composite Index, recovered from its two days loss, following price increments on six stocks. The index closed at 1,990.57, a 0.20% increase from Tuesdays closing of 1,986.51.The GSE-Financial Stock Index was lifted by gains on three financial stocks to close at 1,700.96 from 1,697.03.

A total of 0.89 million shares valued at GHS 2.97 million traded. Today's trade volume and value exceeded the previous session's by  more than three (3) and four (4) times respectively. EBG led the market in terms of volume and value with 55.99% of the total volume and 71.82% of the value traded.

PZC reached a new year-high after gaining 3 pesewas to close at GHS0.80. Other gainers were CAL, EGL, FML, SCB and EBG. TLW was the sole loser.

Ghana Alternative Market (GAX): Some Facts and Figures

Many investors are waiting for the GAX to start operating. Some important points or assurance to note about the GAX are as follows:
 It has been more than four months since the initial schedule for the GAX to start operation.
 All systems for the operation of the Alternative market are in place and financial resources have been mobilised to support the operation.
 The concept of the GAX is to address the complaints of Small and Medium Enterprises (SMEs) about not being able to raise capital on the regular market.
 Ghana Stock Exchange (GSE) would allow SME’s with minimum capital of Ghc 250,000 and operating for a year to list on the GAX.

IFC Obtains Consent for Local-Currency Bond Program Supporting Ghana’s Capital Markets

IFC, a member of the World Bank Group, has obtained consent from the Securities and Exchange Commission-Ghana and the Ghana Stock Exchange to regularly issue cedi-denominated bonds in Ghana. The consent enables IFC to issue Cedi bonds when market opportunities align with funding needs, supporting local capital markets and increasing access to local-currency finance for the private sector.
The bonds will be issued under the IFC Pan-African Domestic Medium-Term Note Programme, launched in May 2012 to facilitate regular bond issuances by IFC in the region. The program currently includes Botswana, Ghana, Kenya, Namibia, Rwanda, South Africa, Uganda, and Zambia.

Source:GSE

Highlights from Ayrton Drug's Annual Report- Chairman's Letter

• The Chairman said 2012 was a tough year for the company. Top-line (Sales) grew by 14.68% but the bottom-line ( Profit after tax) fell by 13.61%. This he attributed to the depreciating cedi and astronomical increases in interest rates, among other factors.

• Earnings per share fell from 0.0133p in 2011 to 0.0115 in 2012 whiles dividend per share remained at 0.125p

• Plans are far advanced to build a new facility in a bid to improve the bottom line. There would also be restructuring of the company to increase efficiency of all the Departments.

Highlights from Aluworks (ALW)'s Annual Report - Chairman's Statement

•  The company reduced its net LOSS before tax from GHC 3.35 million in 2011 to GHC 2.33 million in 2012. Due to the loss, no dividend will be paid.

• The recent rights issue to raise additional capital was not too successful. The company could not raise the exact amount it needed to carry out the planned projects. Another right issue should thus be expected.

• The main challenge to the company's future prospects is the onslaught of the Ghanaian aluminium market by Chinese products. The company is counting on government to impose necessary countervailing measures.

Top Ten Places EPACK Puts Your Money

Mutual Monday: Comparative Yields on Mfund and 91-day T-bill

Welcome to Another Mutual Monday - When I focus on mutual funds and their investors.
Below is a Databank-created Comparative Yields on Mfund and 91-day Treasury Bills from 2004 to 2012 along side comparison with the average saving rate.

Find out who is Ghana Stock Market's biggest individual investor.

Citifm ONLINE (08/Aug./2013)- Businessman and one of two of the Ghana Stock Exchange’s largest individual investors Samuel Oduro Mintah was over this weekend conferred on with a lifetime achievement awards at the 3rd Ghana investment Awards held in Accra.

Mr Mintah’s investment portfolio in the Stock market is estimated to be about three Million Ghana Cedis.

Top Gainers & Losers on the Ghana Stock Exchange

The stock market's performance indicator recorded 0.53% gain, as upward price movement in six equities helped the index to its third consecutive win. The index closed trading at a record high of 1,931.22, 10.16points higher than the previous session. The change brings the year-to-date return to 60.97%.

Find out how Entrepreneurs in Africa are excelling; Forbes Africa Mag

On Saturday afternoon, I was sitting at Afrikiko Leisure Centre, in Accra with some friends and glancing through the July issue of the Forbes Africa Magazine; and all I was thinking about is entrepreneurs and how useful this issue is to young entrepreneurs in Africa and all over the world.
In this issue, millionaires became billionaires. At age 38, Mohammed Dewji, who employs 24,000 people and claim to contribute 3.5% to Tanzania’s GDP, became a billionaire moving from $30 million. One important lesson from Mohammed is his philosophy about success. He is not satisfied with what he has got but always works harder to achieve more. As an entrepreneur, Mohammed and his MeTL Group (Mohammed Enterprise Tanzania) keep outgrowing its vision so they revisit the vision from time to time. Taking over from his father, it was reported by Kristin Palitza that Mohammed built an empire and targeted to grow to 5billion in 5years time.

Find out how 4 stocks moved GSE CI up again.

The stock market gained more ground, recording a second straight win, following positive returns on four  stocks. The GSE-Composite Index rose 9.41 points to close at 1,897.66.
Upward price movement on GCB and SCB drove the financial stock index 12.49 points higher, to close at 1,633.48. 

Total volume of shares traded was 0.79 million, 20.74% less than the previous session. The value traded however, increased by 88.08% from GHS1.06 million on Wednesday, to GHS1.99 million. SIC trades represented 64.91% of the total volume traded, while GCB led in terms of value for the second straight session with 46.09%.

BOPP and GCB gained 2 pesewas each to close at GHS3.21 and GHS4.80 respectively. Other gainers were SCB and TLW.

GSE records third successive loss. Find out how.

The local bourse recorded its third successive loss, following price dips in GOIL and TLW stocks. The GSE composite Index fell 2.82 points to close at 1,880.95 from 1,883.77.
The financial stock index remained unchanged at 1,608.94 as financial stocks stayed flat.
Liquidity improved as 0.16 million shares traded compared to Monday's volume of 0.08 million. The total value of trade stood at GHS0.14 million, a marginal 7% increase over the previous session's GHS0.13 million. Trades in CAL bank shares represented more than 70% of both the total volume and value traded in today's session.

GOIL continued its descent, falling 7 pesewas to GHS0.90. TLW was also down GHS0.39 to GHS31.10. On the upside, TOTAL gained 5 pesewas to close trading at GHS41.80.

How much is ETI paying as dividend? Find out.

Final Dividend: ETI has declared a final dividend of 0.4 US cents per share for the financial year ended December 31, 2012.

Qualifying Date: All shareholders registered in the books of ETI at the close of business on Friday, July 5, 2013 will qualify for the final dividend.

Closure of Register: The Register of shareholders will be closed from

Abraaj Group to acquire the entire issued share capital of Fan Milk International (FMI)

Fan Milk Limited Ghana (FML) announces that the Abraaj Group, a leading investor operating in growth markets, has entered into a conditional agreement to acquire the entire issued share capital of Fan Milk International (FMI),  West Africa’s market leading manufacturer and distributor of frozen dairy products and juices. FMI is the majority shareholder of FML.

Established over 50 years ago, FMI possesses

VODKA Tops Global Consumption of Spirits: Find out more:

Courtesy: THE ECONOMIST

eStock Analysis Blog is Investing in the National Blood Bank. Find out how...#GiveBlood

Today is World Blood Donor Day. Join the Blogging Ghana Team to Donate blood at Korle Bu or the National Theatre today. You can read my experience and how I invested in the National Blood Bank. Click to read my post:
eStock Analysis Blog: Investing in the National Blood Bank. Find out how...: I am one of the many Ghanaians who think about saving lives but have either been afraid to or too busy to do the real do, save lives. I ...

Stock Market Recap: Find out how TOTAL returned today to reach a record high.

The GSE recovered from Monday's loss, following price appreciation on five stocks. The GSE-Composite Index climbed a marginal 0.02 points to close trading at 1,877.69. Currently, the year-to-date return on the bourse is 56.51%. The year-to-date return on financial stocks dropped 142bps to 57.81% as three financial stocks recorded losses. The GSE-Financial Stock Index closed at 1,641.01 from 1,655.76.

A turnover of 0.73 million shares resulted in a total consideration of GHS0.85 million. The shares traded today was more than 51% of the shares traded on Monday. Nearly 33% of the volume traded was accounted for by GOIL, also capturing 39.17% of the total value traded.

TOTAL returned 12.65% today as it reached a record high of GHS31.26. UNIL and GGBL also closed at record highs of GHS14.51 and GHS4.32 respectively. PZC and BOPP also recorded gains. HFC, SCB and SIC on the other hand, saw their share prices decline.

Courtesy: GSE and CBL.

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CAMELOT (CMLT) - FINAL DIVIDEND AND CLOSURE OF REGISTER

Final Dividend 
Camelot (CMLT) announces that the Company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting, the payment of a final dividend of GH¢0.0060 per share for the 2012 financial year.

Qualifying date
All shareholders registered in the books of CMLT at the close of business on Wednesday, June 26, 2013 will qualify for the final dividend.

Closure of Register 
The Register of Shareholders will be closed on Thursday June 27, 2013.

Ex-Dividend Date 
In view of the foregoing, the ex-dividend date has been set as Monday, June 24, 2103. Consequently, an investor purchasing CMLT shares before this date will be entitled to the final dividend. However, an investor buying CMLT shares on or after Monday, June 24, 2103 will not be entitled to the final dividend.

Dividend Payment Date 
The final dividend will be paid on Friday, 30th August, 2013.

Courtesy: GSE Research

GOV'T OF GHANA TO ISSUE GH¢400 MILLION 3-YEAR FIXED RATE BOND TODAY; READ TERMS

TERMS 
Issuer: Government of Ghana
Purpose: For Government budget support and to rollover maturing debt
Amount: GH¢400 million
Issue Method: Through an auction to be held on 30th May, 2013
Price: The instrument shall be issued at par.
Denomination: Each Bond shall have a face value of one Ghana cedi.
Minimum Bid: GH¢50,000 and multiples of GH¢1,000 thereafter.
Coupon: To be determined at the auction to be held on 30th May, 2013.

Interest Payment:

AngloGold Ashanti (AGA) Announces Executive Leadership Structure

In a News Release issued by AngloGold Ashanti (AGA), it was announced that there would be changes to its executive leadership team as a central part of its transition to streamline the business and deliver long-term, sustainable value to stakeholders. Click to read full news release...

CAL Bank and GCB drove the GSE-Financial Stock Index to a record high: Find out how?

The GSE recovered from Tuesday's loss, following price appreciation on four stocks. The market returned 0.20% today as the GSE-Composite Index climbed 3.66 points to close mid-week trading at 1,835.76. Currently, the year-to-date return on the bourse is 53.02%. The year-to-date return on financial stocks rose 68bps to 55.61% as CAL and GCB drove the GSE-Financial Stock Index 7.07 points clear of the previous closing, to a record high of 1,618.17.

A turnover of 1.56 million shares resulted in a consideration of GHS2.70 million. The shares traded today was more than seven times that of the previous session. Nearly 70% of the volume traded was accounted for by CAL while EBG's total trade value of GHS1.47 million, represented 54.61% of the total value traded.

CAL and GCB leaped to record highs, closing at GHS0.80 and GHS4.50 respectively. GGBL and FML also recorded gains. Losses were recorded in SCB, SG-SSB and TOTAL.

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2-day Capital Market Conference in Ghana.

Under the theme "The Capital Market: A key to Economic Growth and Development", the Securities and Exchange Commission (SEC) in collaboration  with the Ghana Stock Exchange (GSE) and Ghana Securities Industry Association (GSIA) are convening a two-day conference at the National College of Physicians and Surgeons in Accra on 9th and 10th May. 

I hope this conference achieves it's aim and bring about relevant discussions of issues relating to the Capital Market to drive policies for the industry.  

I hope it doesn't become just one event for our policy makers, regulators, financial industry players, parliamentarians, academia and capital market participants to sit and talk about irrelevant topics and issues that won't help the industry in anyway. I 'll be glad to partake in the confab this week, by my schedule is just too tight. . Mr Seth Tekper, Minister of Finance and Economic Planning would be there to give the keynote address whiles P.V. Obeng, Chairman of National Planning Development Committee would chair the Opening Ceremony.

All interested parties should do well to join this conference for the development of the capital market and our economy as a whole

List of Mutual Funds in Ghana and their Fund Managers: Mutual Monday Continues.

Welcome to another Mutual Monday.  In my previous posts, we looked at the facts behind some Mutual funds in Ghana. Below are the posts you may have missed;
1 .Mutual Monday: Investment Funds (Mutual funds & Unit Trusts) in Ghana.
2. Mutual Monday: What you must know about EPACK, the 'Praise-the-Lord' fund.
3. Mastering the Balanced Fund (B-Fund): The new focus on a 'Mutual Monday'
4. How to master mutual funds; focus on the iFUND mutual fund
Per the request of some readers of this blog, I want to provide a more detailed list of the Mutual Funds and Unit trusts that exist in Ghana.

Annual General Meetings and Upcoming 'Facts behind the figures' on GSE

Courtesy: CBL

Stock Market Update: GSE bounces back as stocks rally

No losses were recorded on the Ghana Stock Exchange as the market bounced back from Thursday's loss. The GSE-Composite Index went up 9.84 points, as stocks edged upwards, to close the week at 1,778.07, resulting in a year-to-date return of 48.21%.

Which brokerage firm is the best? What fees do they charge? What do they offer? #AskPEAGAMA

Photo credit: Databank

Below are my responses to an investor's questions about brokerage firms in Ghana. 

"Dear Edem,

My name is James Kofi Bond, a Ghanaian currently living in the US. I came across your blog a couple of days ago and have been reading your articles.

I am writing to you because I have been thinking of investing in some equities on the Ghana Stock Exchange (GSE) and was wondering if you could recommend some brokerage firms back home that cater for an investor resident abroad. In addition, would you be kind enough to share your experiences/reviews using some of the brokerages in Ghana. Are you satisfied with services you receive or have received have you had any major issues? Were there any surprises once you started using their services, or did everything go smoothly as you expected?

Below are guidelines I would like to consider before I make any commitment and I would appreciate it if you could offer your thoughts on each of the guidelines. Feel free to add to the list if I miss anything.

1. What is the name of the firms that you would recommend? Are they full-service brokers or discount brokers?

Ans: I would recommend Databank Brokerage, CAL Brokers and Ecobank Capital simply because I have experience with them and likes what I get from them. And Yes, I they are full-service brokers. 

2. What documents are required to open an account? Should the documents be notarized?

Tullow Oil stocks sprang Ghana Stock Market to a record high. Find out How?

The GSE-Composite Index sprang to a record high on the back of a 6.11% gain on TLW stocks. The index closed mid-week trading at 1,758.92, 0.90% return on Tuesday's closing of 1,743.21. The change brings the year-to-date return to 46.61%.

Upward movement on GCB and EGL stocks halted the 3-day losing streak of the GSE-Financial Stock Index. It closed trading on Wednesday at 1,578.87, up 19.48 points from 1,559.39.

A turnover of 1.28 million shares resulted in a consideration of GHS5.46 million. Nineteen times more shares were traded on the exchange today, compared to the previous session. Trade value increased by more than thirty-seven times. EBG emerged as the dominant equity, 75.47% of the trade volume and 87.37% of the total value traded.

PBC recorded the only loss, falling 2-pesewas to GHS0.18. The upside saw six stocks appreciate in price. They included GCB, GGBL and GOIL; all closing at 52-week highs. Others were EGL, FML, TLW and TOTAL.

Courtesy: CBL

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Miss the timing, miss the profit - How not to make loss on GSE

Investing on the stock market is a game, better understood, played and won, when you get the timing correct. The reason you are not making profit is not because you have not bought the right stock at the right time but you have not sold the right stock at the right time. When you miss the timing, you miss everything.

Dividend schedule and Annual General Meetings for GSE companies.

Click image to enlarge view

Coutesy: CBL

Which Bank is best for me? Find out their Average Interest on deposits

I was reading a very interesting and educative article written by Nana Otuo Acheampong, Head, OTCEER in today’s issue of the Business and Financial Times (B&FT) and would like to share some of his research findings. The article is titled “WHICH BANK IS BEST FOR ME”? In this article, he tackled the question I get from people on daily basis about what bank they should deposit their monies in and what bank is good for them. People contact me when they want to deposit monies at the banks to know of the various interests on the deposits.

Stock Picks: Recommended Stocks for Investor on GSE

On Wednesday, 27th March, I posted a comment on Facebook trying to pick people's mind on the stocks they would recommend for an aggressive investor on the Ghana Stock Exchange.  The GSE Composite index and the GSE Financial Stock Index have been bulling from the beginning of the year. Most stocks on the market as at now are probably over-valued, meanwhile activity on the market is heightening.
This is what I wrote on Facebook;
"I am an aggressive investor who has Ghc 50,000 and want's to invest all on the Ghanaian Stock Market for 5 years. What stocks would you recommend?" 
Below are some comments and recommendations from some readers on Facebook with their various reasons;

eStock Analysis Blog - Ghana's Best Business and Commerce Blog for 2012

Thank you all for supporting eStock Analysis Blog  to win 'Best Business and Commerce Blog' option at the BloggingGhana Social Media Awards (Blogcamp13). I dedicate this to all my special readers and fellow investors. Keep saving and investing.

Dividend payments for some stocks on the Ghana Stock Exchange

Courtesy: CBL

How the stock market stretched winning streak to 6 successive sessions

The stock market stretched its recent winning streak to six  successive sessions, following gains in three stocks. The GSE-Composite Index closed at 1,644.23, up 3.20 points from 1,449.86. The GSE-Financial Stock Index followed suit, climbing 1.75 points to close trading at 1,451.61.

How to mitigate losses in Ecobank on the stock market

It's a beautiful but hot Sunday in Accra and here I am, hiding in my room trying to make the best of my time whiles people crack their brains worrying about their next steps to take in the stock market with respect to ETI (Ecobank Transnational Inc) stock they bought years ago. He was like, 'Hey Talizo, I bought ETI at IPO price (0.29 cents or 0.34p) and it has dropped so low to 0.11p but now at 0.18p (as at today). Would it go higher again? Should I sell now? Chaley what make I do?'.

Getting into Financial Blogging – The eStock Analysis Story

My desire to know what’s happening every time on the various financial markets in order to invest or advice people to invest properly led me to Blogging and micro-blogging (Twitter ). My type of financial blogging requires an ability to understand what the figures mean with respect to businesses and their financial reports. I have, for some time, now focused on the listed companies on the Ghana Stock Exchange because those companies have given a chance to the public, hence the public deserve to know more about them.

Standard Chartered Bank $SCB has announced a dividend of GH¢0.0672 per pref. share

In a Press Release issued on 26th Feb. 2013, Standard Chartered Bank, which is listed on the Ghana Stock Exchange announced the following about their dividend payment on their preference shares. (SCB Pref. :GSE);