News

Sports

Business

Entertainment

GhanaWeb TV

Africa

Opinions

Country

Banks Dominated Activities On Stock Market In September

Mon, 13 Oct 1997 Source: --

Accra,(Greater Accra Region) 10 Oct. Banks and manufacturing industries dominated activities on the Ghana Stock Exchange (GSE) in September with Social Security Bank (SSB) emerging as the most outstanding stock by volume and value. According to the trading summary of the GSE market statistics report for September obtained by the GNA in Accra today, SSB traded about 930,200 shares valued at 1.47 billion cedis. This represents 21.49 per cent of total market volume traded and 39.46 per cent of the total listed market value. The Bank which received a shot in the arm following the purchasing of majority shares by a consortium of Irish investors last year, has since become one of the highly demanded stocks. Pioneer Tobacco Company (PTC) placed second in terms of the total number of volumes traded. It traded 927,900 shares of 21.44 per cent of the total. PTC was third in terms of value with 334 million cedis or 8.98 per cent. UTC-E was third in terms of volume, trading 674,000 shares or 15.59 per cent. Aluworks was fourth with 623,900 shares or 14.41 per cent while Super Paper Products Company (SPPC) was fifth with 550,700 shares or 12.72 per cent. In terms of value, Aluworks placed second with 1.062 billion cedis (28.5 per cent). Standard Chartered Bank (SCB) was fourth with 304 million cedis (8.16 per cent) and Ashanti Goldfields Company (AGC) was fifth with 166 million cedis (4.45 per cent).

Accra,(Greater Accra Region) 10 Oct. Banks and manufacturing industries dominated activities on the Ghana Stock Exchange (GSE) in September with Social Security Bank (SSB) emerging as the most outstanding stock by volume and value. According to the trading summary of the GSE market statistics report for September obtained by the GNA in Accra today, SSB traded about 930,200 shares valued at 1.47 billion cedis. This represents 21.49 per cent of total market volume traded and 39.46 per cent of the total listed market value. The Bank which received a shot in the arm following the purchasing of majority shares by a consortium of Irish investors last year, has since become one of the highly demanded stocks. Pioneer Tobacco Company (PTC) placed second in terms of the total number of volumes traded. It traded 927,900 shares of 21.44 per cent of the total. PTC was third in terms of value with 334 million cedis or 8.98 per cent. UTC-E was third in terms of volume, trading 674,000 shares or 15.59 per cent. Aluworks was fourth with 623,900 shares or 14.41 per cent while Super Paper Products Company (SPPC) was fifth with 550,700 shares or 12.72 per cent. In terms of value, Aluworks placed second with 1.062 billion cedis (28.5 per cent). Standard Chartered Bank (SCB) was fourth with 304 million cedis (8.16 per cent) and Ashanti Goldfields Company (AGC) was fifth with 166 million cedis (4.45 per cent).

Source: --