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    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

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    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

  • TECHNOLOGY

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

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    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

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    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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BOPP,ETI & Mega Africa lead gainers on GSE

bycitibusinessnews
October 28, 2014
in Banking And Finance, Business, Top Stories
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Benso Oil Palm Plantation (BOPP) emerged the best performing stock on the Ghana Stock Exchange in the 3rd quarter of this year.

Share Price for the oil palm company increased by about 41percent from 2 cedi 59 pesewas to 3 cedis 66 pesewas.

The Ghana Stock Exchange in the third quarter of the year saw 9 companies record gains while 18 others recorded share price declines.

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6 of the 9 gainers were banks while two were from the Oil and gas industry.

Benso Oil Palm’s lead was followed by Ecobank Transnational Incorporated (ETI) which increased in value by about 27%.

ETI’s share price increased by 7 pesewas to close the quarter at 33pesewas.

New entrant on the Ghana Stock Exchange, Mega Africa capital was the third best performing stock having increased by 49 pesewas translating to about 16% gain.

Its share price closed at 3 cedis 59 pesewas.

The Trust bank’s 3 pesewas gain put it in the 4th position.

It increased by about 13% to close the quarter at 27 pesewas.

Societe-General was the 5th best performing stock with a 12 percent gain.

Its share price increased by 10% to close the quarter at 93pesewas.

The rest of the gainers were Cal bank which increased by about 9%, followed by Tullow Oil and GOIL with a 4% gain while Standard Chartered Bank increased by just 1 percent.

The 18 companies which recorded the declines included 5 financial stocks and 8 companies in manufacturing.

The losers were led by Aluminium Company Aluworks.

Its share price declined by 40%, having shed 2 pesewas off its initial share price of 5 pesewas.

Brewery Giant, Guinness Ghana Brewery followed, declining by about 39%.

Its share price declined by about 1 cedi 97 percent to close the quarter at 3 cedis 10pesewas.

UT bank was the third worst performing stock with a 13percent decline.

PZ Cussons placed 4th with a 30% decline.

Fanmilk followed with a 28% decline in share price.

Starwin, Goldenweb and Clydestone all declined by a pesewa representing a 25% decline.

The rest of the decliners included previously good performing stocks like HFC bank, Unilever, Enterprise group, SIC, GCB and Ecobank Ghana.

Companies like African Champion, Anglogold Ashanti, Ayrton drugs and 4 others were valued at the same price at the end of the period.

By:  Anim Kwaku Boadu/citifmonline.com/Ghana

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