Friday, 31 January 2014 | When the Ghana Stock market closed on Friday, the financial sector index was up to 1940.23 points compared with the yearend close of 1786.60 for an 8.6 percent gain in just one month into the New Year. The Ghana composite market index gained 5.14 percent for the same period, closing at 2,255.52 up from 2,145.2. Year-to-date, 9 stocks gained and 7 declined.
The big movers so far are Ecobank Ghana up 14 percent, Ecobank Transnational Incorporation gained 21 percent and Standard Chartered Bank Ghana 10 percent. The big losers are Mechanical Lloyd Company down 8 percent, Pz Cussons Ghana 14 percent and Trust Bank lost 14 percent.
During the past week, 8 stocks rose and only one declined as the indices gained 1.6 percent for the overall market and the financials gained 2.6 percent up from the 1,891.66 on the 24th of January.
Advancing stocks | At the end of the week, Ecobank Ghana gained 6 percent, Mechanical Lloyd Company 6 percent, Cal Bank gained 2 percent, Standard Chartered Bank Ghana 5 percent, Enterprise Group gained 4 percent.
There was trading in 8,249,233 shares which is significantly up from the 1,960,344 units traded last week.