Tag: Financial Sector Stocks
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Profit of banks on GSE up by 13%; but valuation of stocks down by 17%
Despite registering strong profits across board for the first three quarters of 2020, listed banks on the Ghana Stock Exchange continue to see a drop in their valuation. The Ghana Stock Exchange Composite Index (GSE-CI), which is primarily driven by financial and consumer stocks, has experienced losses for the past three years, with the current…
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Valuation of financial stocks decline significantly on local bourse
Financial sector stocks performance on the Ghana stock exchange were generally poor for the first half of 2020 when compared to their performance in the same period in 2019. Currently, 12 financial sector companies are listed on the local bourse, consisting of 10 banks and 2 insurance companies. The GSE Financial Stocks Index (GSE-FSI) which…