Databank
The equities market indices reversed some of the gains recorded in yesterday’s trading session on the back of a price decline registered by Ecobank Ghana.
The Ghana Stock Exchange’s Composite Index (GSE-CI) decreased by 2.18 points to ~2,359 points while the Databank Stock Index (DSI) increased by 25.74 points to ~30,294 points. The year-to-date returns of the GSE-CI and the DSI are recorded at 39.68% and 35.65% respectively.
Market activity was very lively driven by a block trade in Cal Bank. A total of 4.01 million shares which traded across 8 counters culminated in a turnover of ~GH¢4.23 million. Cal Bank accounted for ~99% of the aggregate volume of shares traded today.
The bourse recorded an equal number of gainers (2) and laggards (2). Standard Chartered Bank and Ghana Oil Company gained 1Gp each to settle at GH¢19.61 and GH¢2.51 respectively.
On the laggards list, Ecobank Ghana lost 5Gp to GH¢7.54 while Societe Generale shed 1Gp to settle at 75Gp.
Earnings Update for 9M-2017
Transaction Solutions (Ghana) reported a 44% y/y decrease in PAT to a loss of GH¢73,759 for the 9M period as compared to a loss of GH¢51,234 same period in 2016.
ADB Bank’s PAT increased significantly to GH¢48.58 million for the 9M period as compared to ~GH¢0.95 million same period in 2016.
