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    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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GSE monthly performance; Aluworks tops all in October

bycitibusinessnews
November 6, 2014
in Banking And Finance, Business, Top Stories
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Aluminum Company Aluworks emerged the best performing stock on the Ghana Stock Exchange (GSE) in the month of October.

Aluworks led gainers after increasing by about 33percent.

The month of October saw 12 companies record gains while 6 others recorded declines in share price.

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Of the 12 gainers, 7 were financial stocks while 4 are into manufacturing and processing.

With just a pesewa gain, Aluworks ranked first with a 33% gain.

Its share price increased to 4 pesewas at the end of the October.

Aluworks was followed by Produce Buying Company (PBC) with a 17% gain on its share price.

PBC’s share price increased by 2 pesewas to close at 14 pesewas.

The Trust bank Gambia came 3rd with an 11% gain.

Its share price increased by 3 pesewas to close at 30 pesewas.

Benso Oil Palm continued its run with 34 pesewas gain to close the month at 4 cedis.

It placed 4th.

Cal bank and insurance firm SIC placed 5th after their share prices increased by about 8%.

Cal bank’s share price increased 7 pesewas to close at 1 cedi while SIC increased by 3pesewas to close at 43 pesewas.

GCB Bank and Standard Chartered bank came 7th while Ecobank Transnational incorporated followed taking the 8th slot.

The rest of the gainers were PZ Cussons, Guiness Ghana Breweries and Ecobank Ghana.

On the other hand, CPC led the list of decliners after it shed a pesewa which reduced its share price by 50%.

At the end of October, it was valued at a pesewa per share.

Unilever Ghana also followed after losing about 15% of its share price.

It lost 2 cedis 30 pesewas to close the month at 13 cedis 45 pesewas.

Societe General Ghana was the 3rd worst performing stock after it declined by about 9%.

It lost about 8 pesewas to close the month of October at 85pesewas.

The rest of the decliners were UT bank, Enterprise Group and Fanmilk Ghana ltd which all declined by a pesewa.

17 companies however maintained the same share price by the end of the period.

They include Aryton drugs, GOIL, HFC bank, Starwin, Mega Capital and 12 others.

 

By:  Anim Kwaku Boadu/citifmonline.com/Ghana

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