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.
