GSE recorded the highest single trade ever (Ghc 221.78mn)

The GSE Composite Index lost 2.23 points, after ETI stocks recorded a negative price change. The benchmark index closed today's trading at 1,796.31 points, with a year-to-date return of 6.35%. The GSE-Financial Stock Index also recorded a negative return of 0.25% as one financial stock slipped. The index closed trading today at 1,684.95 points from 1,689.21 points.
 
Trade volumes and values more than doubled compared to that of the previous sessions. CAL dominated trading by a volume of 99.97 % and a value of 99.95%.The total volume of shares traded was 151.88 million, valued at GHS221.78 million the highest single trade ever.
 
Six equities appreciated whiles ETI lost ground today. - CBL

GSE-CI drops following decline in CAL stock price

The GSE-Composite Index fell 0.41 points from 1,777.33 points to 1,776.92 points, following losses on CAL share price. The resulting year-to-date return was -10.93%.

The GSE financial stock also lost ground, dropping 0.89 points to close trading at 1,652.55 points.

The total value traded was GHS13.55 million, more than twice of the mide-week's trade value of GHS5.45 million. A total of 1.67 million shares changed hands, more than 2 folds the previous session. FML traded the most shares with 95.29% of the volume traded and 99.98% of the value respectively.

FML and SIC climbed, gaining a pesewa each, while CAL saw a decline is its share price.

Courtesy: CAL Brokers Ltd

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. 

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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Earnings Season on the Ghana Stock Exchange: Half Year Reports

We are in the first half Earnings Season on the Ghana Stock Exchange and in my earlier post about Benso Oil Palm Plantation (BOPP), i.e. Half Year Performance of BOPP, I looked at how BOPP performed on the exchange and for the first half. Below are the various performances for some of the companies listed on GSE.

UT Bank

UT Bank Ltd (UTB), an indigenous bank, have reported an 89.23% surge in profit after tax, from GHS 4.69m in 2011 half year results to GHS8.87m for the same period in 2012.

Guinness Ghana Brewery Ltd. (GGBL) dominated trading with 43.05% of the trade volume to close the week on GSE

Trading began on Tuesday this week because of the holiday. The stock market's five-day winning streak for last week was halted as losses in two equities forced the GSE-Composite Index 7.08 points lower at 1,038.40 points. The GSE-Financial Stock Index recorded a 1.01% decline

Ghana Stock Exchange: Market Update [ 31.05.12 ]

CAL Brokers (CBL): 

Further decline in the major indices on the Ghana Stock Exchange (GSE), means performance in the month of May has been the worst this year, with 13 losses in 21 sessions.  The GSE-Composite Index returned -0.05%, following losses in two equities, to close trading at 1,022.95 points, down 0.54 points. The change represents a year-to-date return of 5.56%.

The Financial Stock benchmark closed 0.67 points lower at

Focusing on the Banking sector of the Ghana Stock Exchange (Part I)

The financial sector on the Ghana Stock Exchange includes banking and non-banking stocks. There are seven (7) banks on the exchange, six of which operate in the country and one in Gambia, (Trust Bank ltd, TBL). The banks operating in Ghana include CAL Bank (CAL), Ecobank Ghana (EBG), Ghana Commercial Bank (GCB), HFC Bank (HFC), Standard Chartered Bank (SCB), and UT Bank (UTB).

Let us now look at the various facts & figures behind these banks and how they performed since January 2012 on the Stock market.
I would be concentrating on GCB & HFC in this post.

Ghana Commercial Bank (GCB);

GCB - Bloomberg Chart: Price movement from Dec 2011 to May 2012. 

With market capitalization of about GHS 506.15 million, GCB began the

Market Participants: List of Stock Brokerage Firms in Ghana

Most people have been asking me about who to contact if they want to start an investment. I have realized that most people in Ghana do not know who to contact or where to go in order to buy shares of companies listed on the Ghana Stock Exchange. I must admit that, some brokers in Ghana do not approach people to talk to them about investments or contact potential investors.
Moreover, people are very ignorant about the various investment instruments that exist in these brokerage firms. It is bad for the growth of the market.
So, I have decided to list the various broker/dealers in the Ghanaian financial market and their websites or locations. I believe this would help some potential or young investors to know where to go, or who to talk to.

As listed on the Ghana Stock Exchange's website, these are some market participants (Licensed Dealing Members );

CAL BROKERS LIMITED

CDH SECURITIES LTD

DATABANK BROKERAGE LIMITED

EDC STOCKBROKERS LIMITED

FIRST ATLANTIC BROKERS LTD

GOLD COAST SECURITIES LIMITED

HFC BROKERAGE SERVICES LTD

IC SECURITIES (GHANA) LIMITED

MERBAN STOCKBROKERS LIMITED

NEW WORLD RENAISSANCE SECURITIES

NTHC SECURITIES LIMITED

PRUDENTIAL SECURITIES LTD.

SDC BROKERAGE SERVICES LTD.

SIC-FINANCIAL SERVICES LTD.

STRATEGIC AFRICAN SECURITIES LTD.

WORLDWIDE SECURITIES LIMITED

AFRICAN ALLIANCE SECURITIES GHANA LIMITED

LIBERTY CAPITAL GHANA LIMITED 

FIRSTBANC BROKERAGE SERVICES LTD.

STANBIC INVESTMENT MANAGEMENT SERVICES LIMITED

Please follow the links above to find more about these Market participants or Brokerage firms. There are other market participants like Custodians, Registrars and Government Securities Dealers. The link to the Ghana Stock Exchange website would help you find out more.
Don't forget to come back to this blog. eStock Analysis Blog would always get you the information you need to be a better investor.
You can always ask questions or leave a comment, I'll gladly answer or help you find the answer.

Keep investing..

Tues. 15.05.12: Ghana Stock Exchange (GSE) Market Update.

Tuesday GSE Market Update:

The second day of trading on the Ghana Stock Exchange this week has ended with some equities trading shares.

A 3.26% price gain in Tullow Oil (TLW) pushed the GSE-Composite index up, despite losses in two equities, to close the day at 1,048.50 points from 1,048.38 points. The change brings the year-to-date return to 8.20% as reported by CAL Brokers.

Courtesy: CAL Broker Ltd. (15.05.2012)

The Financial Stock Index however, declined by 0.69 points to close at 908.83 points.

A total of 0.99 million shares valued at GHS 0.50 million were traded. The trade volume and value, compared to the previous session, increased by more than five and six times respectively.

CAL Bank (CAL) dominated trading in terms of volume, accounting for 78.57% of the total trade volume while Unilever Ghana (UNIL) led in terms of value with 47.39%.

TLW was the only gainer.  Benso Oil Palm Plantation (BOPP) and Enterprise Group ltd (EGL) recorded losses.


Courtesy: Ghana Stock Exchange & CAL Brokers

Ghana Stock Exchange (GSE): Market update for Friday, 11.05.12

Friday GSE Market Update:


Let's look at what happened in the market today. The market closed on a bad note recording losses in four equities. The GSE-Composite Index closed the week at 1,050.34 points from 1,053.65 points. 

GOIL dominated trading for the third time in five successive sessions, the sixth in ten sessions, with 67.79% of the 0.4million shares traded and 58.86% of the GHS0.20million realized.

The corresponding year-to-date change for the exchange is 8.39%. The GSE financial stock benchmark fell 0.99 points to close trading for the week at 908.34 points.

Trade volume and value increased by 51.75% and 93.65% respectively, when compared with the previous session as reported by CAL Brokers.

Aluworks Ltd (ALW), Guinness Ghana Brewery Ltd (GGBL) and Ghana Oil Company Ltd (GOIL) gained a pesewa each to close at GHS0.07, GHS1.76 and GHS0.41 respectively. 

Meanwhile losses were recorded in four equities, PZ Cussons Ghana Ltd (PZC), Tullow Oil (TLW), Total Petroleum (TOTAL) and HFC Bank (HFC).

Analysts predict similar trend in stock prices for next week.

CAL Brokers still recommends Benso Oil Palm Plantation (BOPP) and Enterprise Group Ltd (EGL) for the fourth successive week.

Courtesy: Ghana Stock Exchange & CAL Brokers

Ghana Stock Exchange (GSE): Market Update: 08.05.12

In today's trading on the Ghana Stock Exchange, the GSE Composite Index went up by 7.13 point to close at 1,059.64 points. A gain in the share price of Ecobank Transnational Incorporated (ETI) held off the losses in two other equities to push the Index.
Since ETI is a financial stock, the GSE Financial Stock Index also closed at 921.40 points from a previous of 910.92 points. This Index is still trading below the base index of 1000 points. As reported by CAL Brokers (CBL), the overall market return climbed to 9.35%.
The volume of shares traded increased by 57.81% amounting to a 12.93% increase in value, compared to the previous session. About 0.28 million shares valued at GHS 0.11 million were traded.
Out of the total volume traded, GOIL out-performed all other equities by trading 83.45 % of volume and this is about 77.09% of the traded value.
ETI was the only gainer and although it closed at GHS 0.14 from GHS 0.13 (1 pesewa gained), it had the capacity to move the market index up by some points despite the loses recorded by Standard Chartered Bank (SCB) [ -0.1%] and TOTAL [-0.15%] to close at GHS 51.30 and GHS 26.14 respectively.

Courtesy: Ghana Stock Exchange & CAL Brokers Ltd (CBL)