GSE-Financial Stock Index up by 0.7%

Category: Investment 149

The Ghana Stock Exchange (GSE) Financial Stock Index sprout up by 0.7 per cent to close trading at 1,575.5 points whilst the benchmark GSE-Composite Index rose by 0.5 per cent to close at 1,707.3 points.

At the close of trading, activities were registered in 14 equities with four gainers; Volume traded was 222,678 shares which were valued at GH¢176,686.97, the Nordea Capital Investment Stock Market analysis made available to the Ghana News Agency in Accra, indicated.

According to Nordea Capital Expert, Ecobank Transnational Incorporated appreciated by 10 per cent to close at GH¢0.11 per share; Standard Chartered Bank and GCB Bank edged 0.3 per cent each to close at GH¢12.34 and GH¢3.66 per share respectively.

The Ecobank Ghana rose by 0.2 per cent to close at GH¢6.51 per share.

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.

It currently lists 42 equities from 37 companies and 2 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.

Source: GNA

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