Stock Market kick-up positive trajectory

The second week of May trading on the Ghana Stock Exchange (GSE) opened on a good note as volumes increased considerably following a block trade of GH¢110.9 million in Anglogold Ashanti.

This pushed up the benchmark GSE-Composite Index by 0.2 per cent to close at 3,485.8 points, Nordea Capital Investment Stock Expert analysis obtained by the Ghana News Agency in Accra on Tuesday revealed.

According to the Nordea Capital Stock Experts, the gainers were Ecobank Transnational Inc (+4.5 per cent), Benso Oil Palm Plantation (+0.7 per cent), Ecobank Ghana (+0.4 per cent) and Unilever (+0.2 per cent).

On the other hand, losses were recorded in CAL Bank (-0.5 per cent) and Enterprise Group Limited (-0.5 per cent).

Volume traded was 3,307,358 shares which were valued at GHS113,660,888.42.

The Nordea Income Growth Fund was priced at GH¢0.4973 with a year-to-date return of 23.03 per cent.

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

Nordea Capital is dedicated to growing and preserving client assets and building trust, in partnership with financial professionals and institutions worldwide.

The GSE is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990.

Criteria for listing include capital adequacy, profitability, spread of shares, years of existence and management efficiency.