GCB Bank shares displays optimistic signs on Ghana stock market

The GCB Bank registered optimistic progression at the Ghana Stock Exchange (GSE) as it gained 0.3 per cent to close at GH¢3.98 per share and Ecobank Ghana moved up 0.4 per cent to close at GH¢6.90 per share.

Trading ended with price movements in 13 equities with six price changes; in effect the benchmark GSE-Composite Index rose by 0.3 per cent to close at 1,776.4 points whilst the GSE-FSI also edged by 0.4 per cent to close at 1,665.4 points. 

Nordea Capital Investment Stock Market analysis made available to the Ghana News Agency in Accra, on Wednesday revealed.

According to the Nordea Capital Investment Stock Market Expert, Societe Generale share also appreciated by 4.4 per cent to close at GH¢0.71 per share, followed by Benso Oil Palm Plantation which climbed by 1 per cent to GH¢2.11 per share. 

Total Ghana rose by 0.9 per cent to GH¢2.17 per share; and Standard Chartered edged 0.7 per cent to GH¢13.11 per share.

According to Nordea Capital Investment Stock Expert, liquidity for the session dipped by 2.8 per cent but turnover however rose by 13.8 per cent compared to the previous session.

The Nordea Income Growth Fund is priced at GH¢0.2861 with a year-to-date return of 4.07 per cent.

On the interbank market, the Ghana Cedi gained against all of its major trading currencies; it edged by 0.01 per cent against the US Dollar at a mid-rate of GH¢4.2711; rose 1.1 per cent against the Euro at a mid-rate of GH¢4.6073; and inched by 0.1 per cent against the Pound Sterling at a mid-rate of GH¢5.3489.

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 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.

Source: GNA

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