With just one week from the close of 2016, Venezuela Caracas Stock Exchange leads the world’s stock markets with year to date of 94.94 percent in the market Index, according to data reported on Bloomberg website.
Peru S&P/BVL LIMA 25 Index is next, with year to date return of 81.80 percent, Kazakhstan Stock Exchange Index KASE gained 57.16 percent up to Friday, December 23, while the return for S&P/BVL Peru General Index is up 56.71 percent. Jamaica Stock Exchange JSE index that topped the world in 2015, trails well behind the 2016 leaders with gain of just 20.8 percent year to date.
While the Venezuela stock market may record the highest gains in local currency for 2016, with inflation according to financial news network CNBC expected to hit 700 percent for 2016, the market may well end up being one of the worse performing.
Venezuelan stocks lead with 95% in 2016
The Ghana Stock Exchange slips
The Ghana Stock Exchange closed marginally lower at the end of the week ending July 18, with the main Ghana Stock Exchange composite closing at 2,332.62, compared with 2,365.72 the week before, the second week of decline.
The Ghana Financial sector index closed slightly down, at 2,146.34 from 2,144.52 points close of the week before. For the week, 2.2 million units traded as more stocks declined than rose, with only 5 stocks closing higher and 10 declining. Guinness Ghana <Breweries with a 17 percent decline was the only stock with a major price change. At the close of trading for the week, of the 38 securities listed, there were bids to buy only 17 while there were offers to sell 26 of them.
Ghana Stock market down for week
Ghana Stock Exchange at the end of the week ending Jul 11, could be regarded as exhibiting mixed personalities, with the indices being down, but at the end of the week a few more stocks were up in price that those that fell.
The overall market took a breather from its recent gains by week end, as the main index having started at the week at 2,392.68 points, ended at 2,365.72 points. The Financial index closed at 2,144.52, down from 2,163.13 at the end of the previous week. For the week, 8 stocks recorded gains versus 7 that declined. A total of 1,314,746 units traded during the week.
Of the 38 listings, 18 had bids and 22 offers, as the market continues to reflect lack of interest in a large portion of the market.
Stocks with the major prices changes during the week are, Benso Oil Palm Plantation up 8 percent, Mega African Capital up 6 percent and Produce Buying Company up 6 percent but Camelot Ghana fell 7 percent followed by Guinness Ghana Breweries down 6 percent and HFC Bank down 6 percent.
Ghana Market returns close to peak
The Ghana stock market closed Friday July 4 just slightly below the peak to February 21, with the GSE Composite Index up 11.54 percent for the year to date and GSE financial stock index gaining 21.08 percent.
For year to date for the week ending February 21, the GSE Composite Index was up 12.85 percent and the GSE financial stock index gained 21.36 percent. The market had declined after peaking with the Main index falling back to a 4.59 percent gain and 6.32 percent for the GSE financial stock index after the country’s currency fell sharply versus the US dollar and Treasury bill rates climbed to more than 24 percent.
The main market closed at 2352.45 points on Friday 27 of June, closed up by July 4 at 2,392.68. The GSE financial stock index finished 2,163.13 compared to 2,102.52 on June 27.
8 stocks rose for the week and 4 declined, a big improvement over the previous week, when 9 fell to only 4 hat rose. By the end of the week 13 stocks rose in price for the year to date and 14 fell.
HFC Bank, the subject of an offer by Trinidad’s Republic to acquire the majority ownership, had the greatest gain at 51 percent followed by Ecobank Transnational Incorporation, with 47 percent, Ecobank Ghana 31 percent and Total Petroleum 29 percent. The greatest losers were African Champion Industries down 50 percent, Trust Bank down 31 percent, Pz Cussons Ghana 29 percent and Produce Buying Company down 24 percent.
Ghana stocks up for week
strong>Stocks on the Ghana Stock Exchange ended the week higher than at the close of the previous week but the week closed with only 4 stocks rising to 9 declining. 11.4 million shares traded during the week, with Monday enjoying the highest volume with 8.1 million units and Friday with 1.8 million units.
The GSE Composite Index closed the week higher at 2,358.73 compared with 2,362.67, the Ghana Stock exchange financial services index closed at 2,099.80 up from 2,066.58. For the year to date the GSE Composite Index is up 9.94 percent and the GSE financial index 17.5 percent.
Enterprise Group lost 30 percent during the week to close at GH¢1.85, Ghana Oil Company gained 11 percent and HFC Bank 10 percent.
Ghana stocks up for another week
Ghana Commercial Bank 2013 annual general meeting – the bank’s stock rose 27% for the week
The Ghana stock market continues to recover from the decline the market suffered since peaking in February. During the week the market closed with the composite index at 2,343.98 with 11 stocks rising while 7 declined, a marked change over the previous week when the composite index closed the previous at 2,319.12 points with the prices of 8 stocks climbing and 7 declining.
The financial services index closed the week at 2,066.58 up from 2,033.20 the week before. During the week, 1,868,436 shares were traded, down from 3,235,500 units in the week before. At the end of trading there were bids for 18 securities and offers for 28, an indication of weakness in the overall market.
Gains| The stocks closing with strong gains include, Benso Oil Palm Plantation that rose by 6 percent to close at GH¢2.48, Ecobank Ghana gained GH¢0.55 or 8 percent to reach GH¢7.05, Ecobank Transnational Incorporation gained GH¢0.03 or 15 percent to close at GH¢0.23, Ghana Commercial Bank closed at GH¢5.35 as the price jumped by 27 percent or GH¢1.14, HFC Bank closed up GH¢0.11 to GH¢1.45 for an 8 percent gain, Produce Buying Company gained 8 percent to GH¢0.14, Sic Insurance gained 14 percent to close at GH¢0.42, Societe Generale Ghana was up 11 percent to GH¢0.92 and Sam Wood gained 33 percent to end at GH¢0.04.
The big losers are Enterprise Group with a loss of GH¢0.57 to close at GH¢1.42 for a 29 percent decline, Mega African Capital lost 11 percent in value to close at GH¢3.10 and Mechanical Lloyd ended at GH¢0.29 down by 12 percent.
GSE – advancing stocks just ahead
Ghana stock market continues to recover from the decline the market suffered since peaking in February. For the week ending May 30, the market closed with the composite index at 2,319.12 with 8 stocks rising while 7 declined. For the previous week the composite index closed at 2,243.70 as the prices of 7 stocks climbed and 11 that declined. The financial services index closed the week at 2,033.20, up from 1,916.77 at the close of the prior week. During the week 3,235,500 shares were traded versus 10,128,018 in the week before. At the end of trading there were bids for 20 securities and offers for 31, an indication of weakness in the overall market.
Sic Insurance gained 6 percent to close at GH¢0.37 and Societe Generale Ghana was up 20 percent to GH¢0.83.
The big losers are African Champion Industries down 25 percent to close at GH¢0.03, Enterprise Group with a loss of GH¢0.17 to close at GH¢1.99 for an 8 percent decline, Produce Buying Company fell 13 percent to GH¢0.14.
GSE advancing stocks just ahead
Societe Generale Ghana HQ – The stock gained 20% in the week
Ghana stock market continues to recover from the decline the market suffered since peaking in February. For the week, the market closed with the composite index at 2,319.12 with 8 stocks rising while 7 declined. For the previous week the composite index closed at 2,243.70 as the prices of 7 stocks climbed and 11 declined. The financial services index closed the week at 2,033.20 up from 1,916.77 at the close of the week before.
During the week 3,235,500 shares were traded versus 10,128,018 in the week before. At the end of trading there were bids for 20 securities and offers for 31, an indication of weakness in the overall market.
The stocks with the largest gains are, Sic Insurance that gained 6 percent to close at GH¢0.37 and Societe Generale Ghana up 20 percent, to GH¢0.83.
The big losers are African Champion Industries down 25 percent to close at GH¢0.03, Enterprise Group with a loss of GH¢0.17 to close at GH¢1.99 for an 8 percent decline, Produce Buying Company fell 13 percent to GH¢0.14.
13 stocks down, 5 up on GSE
The number of stocks declining in the market to May 9 increased from 11 the previous week to 13 at the end of the current week but the number advancing climbed from 1 to 5 as trading on the Ghana Stock exchange continued to decline and has almost wiped out the gains enjoyed in the two months to February. 
At the close of the week the market continue to show signs of weakness while the two indices declined with the GSE Composite Index closing at 2247.01 compared with 2,255.20 at the end of the previous week’s trading and the GSE Financial Stocks index that closed at 1,899.49 compared with 1,913.11, leaving the GSE FS index up just 6.3 percent for the year to date.
The level of trading for the week declined to 6,488,878 million shares compared with the previous week at 9.8 million shares.
In trading African Champion Industries fell 33 percent in trading 3,963,100 units on Friday with the price ending at GH¢0.04, Aluworks lost 17 percent to close GH¢0.05, Eco Bank Transnational lost 9 percent to close at GH¢0.20, Sic Insurance Company lost 13 percent to close at GH¢0.35 and Societe Generale Ghana lost 6 percent to close at GH¢0.62 were the stocks that suffered the greatest loss. Tullow Oil Plc closed with a 16 percent gain to end the week at GH¢35.
At the end of the week there was still signs of weakness with only 18 stocks having bids and 27 offers compared to 15 to 29 at the end of the week before.
