Ghana stocks now up 71.4%

Friday 11th October 2013 | The Ghana Stock Exchange closed the week on Friday at 2,056.27 points gaining more than 36 points for the week as 11 stocks recorded prices gains and 2 declined.

The market gained 71.4% year to date according to data from the stock exchange. During the week Guinness Ghana Brewery gained 14 percent as the price moved up by GH¢0.75 to close at GH¢6.20; the PE for Guinness is around 7 times 2013 earnings. Sam Woode Ltd, involved in publishing of educational books, printing and related businesses went up 50 percent but that was from GH¢0.02 to GH¢0.03; the last financial statements seen for Sam Woode is for 2010.

HFC Bank Ltd, the bank that Republic Bank in Trinidad now owns 40 percent, climbed by 5 percent to GH¢0.68 and Mechanical Lloyd Company gained 5 percent to end at GH¢0.33. Mechanical Lloyd are the exclusive agents for the sale and servicing of BMW cars and motor cycles, Ford vehicles, Massey Ferguson agricultural machinery and Delphi products in Ghana.

The Cedi is the Ghana currency, approximately GH¢2 to the US dollar.

Related posts | Big gains in Ghana Stocks | Republic ups stake in Ghanaian Bank | Ghana Stock Exchange rated best performing in Africa

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