Details of Mandatory Offer to shareholders of HFC

Republic Bank received acceptances of a total of 51,286,733 ordinary shares in HFC Bank representing 17.25% of the total shareholding of HFC Bank.
As at 23rd March 2015, the date of submission by Republic Bank of the Offer Document to HFC Bank, Republic Bank held a total of 118,544,368 ordinary shares.   No shares were acquired by Republic Bank during the Offer Period. 
Republic Bank Limited now holds 169,831,101 ordinary shares representing 57.11% of the issued shares of HFC Bank (Ghana) Limited.

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.

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..