GSE Banking stocks make positive gains

The Ghana Stock Exchange (GSE) continued positive 2017 trading with transactions in 18 equities with two price changes to begin week two of the year.

As a result the benchmark GSE-Composite Index dropped marginally by 0.002 per cent to close at 1,699.4 points.

 

The GSE-Financial Stock Index also declined by 0.002 per cent to close at 1,564.8 points; volume traded was 292,865 shares, which were valued at GH¢186,243.80 the Nordea Capital Investment Stock Market.

 

The GCB Bank rose by 0.6 per cent to close at GH¢3.65 per share but on the flip side, CAL Bank lost 1.3 per cent to close at GH¢0.76 per share.

 

Nordea Capital is an investment bank, licensed by the Securities and Exchange Commission and offers a comprehensive range of services in asset management, research and strategy, corporate finance and private equity to institutional, corporate and private clients.

 

Nordea Capital is dedicated to growing and preserving client assets and building trust, in partnership with financial professionals and institutions worldwide is their hallmark.

 

The GSE is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990.

 

It currently lists 42 equities from 37 companies and 2 corporate bonds. All types of securities can be listed.

 

Criteria for listing include capital adequacy, profitability, spread of shares, years of existence and management efficiency.

Source: GNA