Ecobank Transnational incorporated (ETI) recorded the most impressive performance on the Ghana Stock Exchange (GSE) in the month of June.
The bourse in all returned about 5 percent for financial stocks.
The total market capitalization increased to 62.8 billion cedis from May, 2014 to 62.5 billion cedis in June this year.
6 out of 10 companies that recorded gains were financial stocks, while four out of the ten decliners were manufacturing companies.
Ecobank Transnational incorporated in the month of June topped the list of 10 gainers recorded on the Ghana Stock Exchange.
ETI increased by 18 percent from 22 pesewas to 26 pesewas.
Its Chief Executive officer, Albert Essien had earlier told Citi Business news this was going to happen.
‘As we build confidence and trust, extract efficiencies, fix governance issues and bring stability definitely that will reflect on the ETI stock.’ he said
UT bank came second after recovering from some fall in the past two months.
A 5 pesewas increase in its shares accounted for a 14% capital gain.
It began the month of June at 35pewsas and ended at 40 pesewas.
The Oil Palm firm, Benso Oil Palm Plantation, was the third biggest gainer having recorded an increase of about 13percent.
It increased by 29 pesewas to close the month at 2 cedis 59 pesewas.
The other gainers in June were Ghana Commercial bank which increased by 8 percent after increasing by 4pesewas.
HFC bank and Ecobank Ghana went up by 7 percent.
The rest of the gainers were GOIL, Mechanical Lloyd, Total Petroleum and Standard Chartered Bank.
The stock that declined the most in the month of June was Societe General Ghana which dropped by 10percent.
It shed 9 pesewas off the 92 pesewas it started the month with.
Societe General Ghana was closely followed by Guinness Ghana brewery which declined by 51 pesewas representing 9 percent.
Camelot was the third worst decliner though it shed just a pesewa in June.
It declined by about 6 percent.
The other decliners were the Trust Bank of Gambia which also dropped by a pesewa from 25 to 24 pesewas measuring 4percent.
PZ Cussons, CAL bank, Enterprise group and Fanmilk all declined by 3percent.
Sixteen companies however did not record any changes.
Amongst them were Anglogold Ashanti, Aluworks, Aryton drugs, Clydestone, Cocoa processing company and SIC.
By: Anim Kwaku Boadu/citifmonline.com/Ghana
Follow @boaduanim
