UT Bank makes gains on mid-week stock market

The UT Bank gained 25 per cent to close stock transaction at GH¢0.05 per share, whilst Ecobank Transnational Incorporated advanced by 8.3 per cent to close at GH¢0.13 per share.

The GCB Bank also rose by 6.5 per cent to close trading at GH¢4.90 per share whilst Ecobank Ghana Limited edged by 2.6 per cent to GH¢7.20 per share, Nordea Capital Investment Stock Market analysis made available to the Ghana News Agency in Accra, on Thursday indicated.  

According to the Nordea Capital Investment Stock Market expert, the other gainers were Societe Generale 1.3 per cent to close at GH¢0.76 per share and Standard Chartered 0.1 per cent to GH¢13.40 per share.

The only laggard was Total Ghana Limited which lost 0.4 per cent to GH¢2.29 per share.      

The mid-week session recorded activities in 16 equities with seven price changes, in effect, the benchmark GSE-Composite Index rose by 0.2 per cent to close at 1,839.5 points.    

The GSE-FSI also gained by 2.3 per cent to close at 1,737 points whilst volume traded hit 66,728 shares which were valued at GH¢108,973.80.   

The Nordea Income Growth Fund is priced at GH¢0.2963 with a year-to-date return of 7.78 per cent.

Nordea Capital Limited’s quest to leave significant footprints in the banking industry, had led to the setting up of Commerz Savings and Loans, licensed by Bank of Ghana to undertake banking activities.     

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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