Top Gainers & Losers on Ghana Stock Exchange in 2014

So far so good in 2014 especially on Ghana Stock Exchange. In Ghana, the time when the stock market was doing so well, the cedi was in disaster and losing so well against major currencies. Now that the cedi is a little stable, the GSE Composite Index is performing at a YTD of 7.71% and the GSE Financial Index at 11.04%. As at 14th April 2014, below are the Top Gainers and the Top Losers on the Ghana Stock Exchange.

Top Gainers in 2014

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Courtesy +Joshua Naayo 

Top Losers in 2014

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Courtesy +Joshua Naayo  

NB: The fact that a stock has performed well till now in the year is not an indication that it will continue to do well. The market can be full of surprises especially in these hard times in this country and those good performing stocks could become the worst before the year ends. Rather find reasons why these stocks are have done so well so far and then advise yourself. 

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%.

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.

Overview of the First Half of 2012 on the Ghana Stock Exchange: Half Year Review.

With a market capitalization of about GHS 55,015.14 million ( USD 31,612.04 million ), the Ghana Stock Exchange closed the first half of the year on a good note and has began the second half with great prospects.

The market’s major index which includes all listed stocks, The GSE Composite Index (GSE CI) opened the year below the base index (1000) with 969.03 points. As at the last trading session in the first half, the GSE CI recorded 1045.48 point with a percentage change of 7.89% as compared to 18.89% gain in the same period last year.