Tag: Stock market
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Stock market doing well over uptick in participation of local investors – Analyst
Head of Research at Databank, Alex Boahen has attributed the increase in performance in trading activities on the local bourse to the impressive uptick in participation of local investors in the market. Despite ending the first quarter of 2022 with a loss of 1.67 percent compared the 13.9 per cent recorded at end of 2021…
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GSE to soon create credit rating agency for listed firms
As part of efforts to boost the credibility of the stock market, the Ghana Stock Exchange will soon conclude processes for the establishment of an investor credit rating agency for players on the market. According to the managers of the local bourse, the domestic credit rating agency, which will be created by the end of…
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Volume of trade on bond market rises by 34% to 75 billion from Jan – Sept, on the back of equities market uncertainty
Stakeholders within the financial sector are confident investors will continue to turn to the fixed income market, away from the equities market, until a time when the Coronavirus pandemic has been brought under control. The poor performance of many companies on stock markets across the world and the uncertainty surrounding the quality of returns of…
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Stock market’s bearish performance may not rebound soon – Databank CEO
The stock market’s bearish performance may not witness any significant turnaround for the remainder of this year considering the seeming low investor confidence in the financial sector. That is the comment from the Group CEO of Databank, Kojo Addae-Mensah. The Ghana Stock Exchange witnessed a negative 0.29 percent growth last year. This is an unfavourable…
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ADB is not delisting from stock market – Kofi Yamoah
The managers of the Ghana Stock Exchange have dismissed claims that ADB is planning to delist from the stock exchange. There have been reports that the new majority shareholders of ADB had taken the decision. But the Managing Director of the stock exchange, Kofi Yamoah insists that is not the case. “I have been privy…
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Stock market managers face tough times in raising capital
Stock market analysts are predicting tough times for the managers of the Ghana Stock Exchange at least for the next couple of weeks. The bearish performance of the local bourse for some time now has raised concerns on the impact on existing companies. But it appears the heavier task will be how the managers will…
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Bayport to raise GH¢300m from stock market
Savings and Loans Company, Bayport, has told Citi Business News it will be raising 300 million cedis from the Ghana Stock Exchange, through the issue of corporate notes. According to the company, the move is in fulfillment with plans to expand its initial 200 million cedis note programme. The Managing Director of Bayport, Nii Amankra…
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MTN, 4 others to list on bourse by year end
The Ghana Stock Exchange has disclosed that at least four companies are expected to list on the bourse after MTN before the end of this year. For now, the companies are unknown but the Managing Director of the Ghana Stock Exchange, Kofi Yamoah says the four companies are likely to list on the bourse after…
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Stock market records 50% growth in 2017
Stock market analysts have predicted a positive growth of the Ghana Stock Exchange at least for the first quarter this year. The prediction follows a positive performance of the local bourse for last year. In 2017, the Ghana Stock Exchange witnessed an over 50 percent growth. Nineteen (19) out of the thirty eight (38) listed…