Mastering the Balanced Fund (B-Fund): The new focus on a 'Mutual Monday'

It's another Mutual Monday and the focus is now on the Databank Balanced Fund also known as the B-Fund. Before we look at this mutual fund, lets recap all we did on the journey to Mastering Mutual Funds in Ghana. I wrote on the following;
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. How to master mutual funds; focus on the iFUND mutual fund


In the above posts, I stated the various types of mutual funds and unit trusts in Ghana and went further to focus on EPACK and iFUND showing clearly what they invest your funds in.

Ecobank Ghana (EBG) held lion's share of trade value - Market records worst performance

CBL:- The Stock Market recorded its worst day-on-day performance today, as the major indices (GSE Composite Index & GSE Financial Stock Index) fell, following losses in three equities. The GSE-Composite Index returned -0.96% as it fell 10.04 points from 1,040.70 points to 1,030.66 points. The GSE-Financial Stock Index closed at 883.00 points, from 893.32 points.

CAL BANK was dominant in terms of volume traded, accounting for

Ecobank Transnational Inc.(ETI) ensured the Stock Market maintained it's good performance in the week.

The week on the Ghana Stock Exchange commenced on a good note. On Monday, (25th June), marginal gains in two equities helped the market benchmark up 0.16 points, to close at 1,032.99 points, bringing the year-to-date change to 6.60%. The GSE-Financial Stock Index remained unchanged at 890.25 points, as financial stocks stayed flat. GOIL dominated trading. 

On Tuesday, (26th June), price appreciation in three equities pushed the GSE-Composite Index up 0.27 points, despite to losses in four, to close at

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

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)