Ghana Stock Exchange trading opens with transactions in 13 equities

The third week of August trading on the Ghana Stock Exchanges (GES) opened with transactions in 13 equities with four experiencing price changes.

The financial sector helped the indices to surge, consequently the benchmark GSE-Composite Index inched up by 0.1 per cent to close at 1,809.6 points.

The Financial Stock Index also rose by 0.2 per cent to close at 1,702.6 points, stock market analysis made available to the Ghana News Agency in Accra by Nordea Capital, an investment bank, has stated.

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

GCB advanced by 1.2 per cent to close at GH¢3.51 per share, while CAL edged 1.1 per cent to close at GH¢0.88 per share.

The analysis also indicates that Total Ghana led the laggards as the stock shed 0.6 per cent to close at GH¢3.28 per share, followed by Brewery giant, Guinness Ghana Brewery Limited, which slipped 0.6 per cent to close at GH¢1.79 per share.

Volume traded was 40,907 shares which were valued at GH¢56,785.83.

The Nordea Income Growth Fund is now priced at 0.2552 with a year-to-date return of 29.37 per cent.

On the interbank market, the cedi gained against two of its major trading currencies; it inched 0.02 per cent against the Dollar at a mid-rate of GH¢3.9423; gained 0.1 per cent against the Euro at a mid-rate of GH¢4.4140 and lost 0.4 per cent against the Pound Sterling at a mid-rate of GH¢5.0799.

Meanwhile, Camelot Ghana Limited has announced the achievement of an important milestone as the company obtained an ISO 9001 certification.

The certification has made Camelot the first cheque printer in Ghana to be ISO certified, according to John Collins Villars, Group Managing Director, who expressed gratitude to employees and stakeholders for their commitment and loyalty.

He added that the company would continue to improve the quality management systems to exceed customers’ expectations.

Source: GNA