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.
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
