GOIL experiences block trade

ghana-stock-exchangeThe Ghana Oil Company Limited experienced a block trade as 15 equities moved with three laggards as the Ghana Stock Exchange bourse opened on a bearish note albeit with huge volumes, on September 19.

In effect the benchmark GSE composite index dropped by 0.1 per cent to close at 1,782.4 points, stock market analysis paper made available to the Ghana News Agency in Accra yesterday said.

The GSE Financial Stock Index fell by 0.2 per cent to close at 1,684.2 points.

The laggards were PBC Limited which backtracked by 20 per cent to close at GH¢ 0.04 per share, while French bank, Societe Generale lost 2.5 per cent to close at GH¢0.78 per share.

The bank’s GH¢ 40.8 million rights issue of 65,880,695 ordinary shares of no par value at GH¢ 0.62 per share is ongoing. GCB Bank slipped 0.3 per cent to close at GH¢ 3.94 per share.

According to the Nordea Capital analysis, volume traded was 22,727,961 shares which were valued at GH¢ 34,297,659.33.

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

The Ghana Stock Exchange (GSE), incorporated in July 1989, is the principal stock exchange of Ghana located in Accra. It currently lists 42 equities (from 37 companies) and two corporate bonds.

All types of securities can be listed. Criteria for listing include capital adequacy, profitability, spread of shares, years of existence and management efficiency.



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