GSE composite index drops

By Francis
Ameyibor, GNA

Accra, Aug. 19, GNA
– Trading on the Ghana Stock Exchange (GSE) on the third week of August bourse
ended with transactions in 14 equities, with eight prices changes in an advance
to decline ratio of 1:7.

The benchmark GSE –
Composite Index dropped by 0.4 per cent to close at 1,824.4 points, stock
market analysis made available to the Ghana News Agency in Accra on Friday by
Nordea Capital, an investment bank, has stated.

Nordea Capital is
licensed by the Securities and Exchange Commission and offers a comprehensive
range of services in asset management, research and strategy, corporate finance
and private equity to institutional, corporate and private clients.

The GSE Financial
Stock Index also fell by 0.2 per cent to close at 1,733.7 points. Fan Milk
Limited experienced a block trade with no price change, while Ecobank Ghana
emerged as the only gainer for the session as the stock edged by 1.8 per cent
to close at GH¢ 6.87 per share.

The laggards were
led by State Insurance Company, which backtracked by 11.8 per cent to close at GH¢
0.15 per share, followed by Total Ghana Limited, which lost 6.0 per cent to
close at GH¢ 3.00 per share.

Ecobank
Transnational Incorporated shed 5.6 per cent to close at GH¢ 0.17 per share,
while PZ Cussons declined 4.8 per cent to close at GH¢ 0.20 per share.

The rest were Ghana
Oil Company Limited, 1.5 per cent, CAL -1.1 per cent and Enterprise Group
Limited, 0.4 per cent.

The volume traded
was 700,414 shares which were valued at GH¢ 2,827,877.16 and 117.4 per cent
compared to the previous session.

GNA

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