ETI emerges as best performing share on Ghana Stock Exchange

Ecobank Transnational Incorporated (ETI) has so far stood out as the best performing stock on the Ghana Stock Exchange in terms of returns to investors.  

According to the market’s report released by managers, ECOBANK returned 73 percent to investors who bought into the company from January to August.

ETI’s performance has come as a suprise to analysts following some challenging times the bank has been going through since 2013 and first three months of this year.

ETI really stood out among its peers, as most big companies on the market have seen their value go down substantially on the market,  

SG-SSB  topped the chart in terms of volumes traded on the market, with  4.6 million shares.

Standard Chartered Bank accounted for about a quarter of the value of shares traded, which stood at 5.9 billion Ghana cedis  for the first seven  months of 2014. 

In all 205  million Ghana cedis worth of shares were traded on the stock exchange from January  to August this year.   

The report puts the value of the Ghana Stock Exchange at 61.2 billion Ghana cedis.

A source close to Ecobank told Joy Business the performance of the Bank is due to renewed confidence in ETI by investors .  

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