Stocks to invest in on Ghana Stock Exchange - May Results

Results from the Stocks polls on my blog for last month revealed that, 34.48% of some readers on this blog think Fan Milk ltd is the best stock to buy on Ghana Stock Exchange among the options presented to them ( Ghana Commercial Bank -GCB,  Fan Milk Ltd -FML, HFC Bank ltd -HFC & Ghana Oil Company -GOIL). HFC Bank ranked second among these stocks according to the polls.
To find out more about FML and what other investors think, read my post on "The Fan Milk (FML) Debate: Is FML over-valued on GSE? #FMLdebate 

Results from Stocks Polls
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Join the next poll for the next weeks. The question this time is,

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.

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.

Trouble hits the Ghana Stock Exchange as major indexes record second successive loss

The stock market ended the last trading session of the week in red as major indices went down again. The GSE-Composite Index recorded back-to-back losses following negative changes in CAL and TOTAL. The index dropped 0.51 points to close the week at 1,039.94 points, bring the year-to-date return to 7.32%. The financial stock benchmark dropped more points and recorded a second successive loss, down 1.43 points from 873.22 points to 871.79 points.

Price Movement of the Best Performing Stock on GSE for the 1st Half of 2012. [ GOIL ]

Ghana Oil Company Limited, popularly known as GOIL records a 1 -Year -Return of 58.06% with current Price per Earnings ratio of 12.95% (trailing 12 months). Earning Per share trailing twelve months is 0.0378p and the current share price is 0.49p with market capitalization of GHS 102.99 million.  (Bloomberg). 

GOIL markets and distributes Petroleum products in Ghana. The company markets, gasoline, oils and lubricants. It recently changed it's logo and positioned itself as an energy company.

Performance On Ghana Stock Exchange (Jan-Jul. 2012) below: