Total volume traded was 22.9 million shares which were valued at GHȼ 35.1 million.
Despite the expected inflows from COCOBOD’s USD 1.8 billion facility to purchase cocoa for the 2016/2017 season, the benchmark GSE-Composite Index dropped 0.6 per cent to close at 1,775.1 points, representing a year-to-date loss of 11 per cent.
A stock market analysis paper made available to the Ghana News Agency, in Accra, which focused on trading for the week ending September 23 indicated that GOIL emerged as the most traded equity in value terms.
GOIL experienced a block trade, accounting for 97.3 per cent of all value traded during the week.
According to the analysis, PBC Limited was the worst performer for the week as it lost a fifth of its value (-20.0 per cent) to close at GHȼ0.04 per share.
The company recently announced plans to restart operations of the Sheanut factory at Buipe in the Northern Region, as engineers are finalising the re-installation of a new plant which is expected to operate at twice the initial capacity.
Societe Generale lost 8.8 per cent to close at GHȼ 0.73 per share. The bank’s offer period for the GHȼ40.8 million Renounceable Rights Issue of 65,880,695 ordinary shares of no par value at GHȼ0.62 per share ended last Thursday.
According to the analysis, Ghana Oil fell by 6.8 per cent to close at GHȼ 1.24 per share, while Benso Oil Palm Plantation declined by 1.2 per cent to close at GHȼ2.45 per share.
Investors bid down the price of Tullow Oil for the second successive week, as the stock shed 0.2 per cent to close at GHȼ26.95 per share, despite the company’s recent commencement of drilling from the Tweneboa, Enyenra, Ntomme (TEN) Oilfields offshore Ghana.
Tullow has also announced the completion of drilling and testing of the Cara prospects in the Norwegian North Sea.
The UT Bank led the advancers as it bounced back from losses in the last three preceding weeks, appreciating by 33.3 per cent to close at GHȼ 0.04 per share.
Investors’ reiterated their confidence in CAL Bank as the stock advanced by 1.3 per cent to close at GHȼ0.76 per share, while Ice cream maker, Fan Milk Ltd closed the week inching up by 0.1 per cent to close at GHȼ9.76 per share.
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