GSE: Stocks up for week

The Ghana Stock Market is up 77.71 percent so far this year to the week ending November 22, a marginal increase over the 77.36 percent gained registered up to the week before with the market index moving up to 2,132.01 points at the end of the week from the prior week’s 2,127.79 points. The financial index that closed at 1,778.22 points at the end of November 15, is now up to 1,782.43 for a 71.41 percent gain for the year to date.

During the week, 8 stocks rose versus 4 that recorded declines a much improved position compared to the prior week when there were 6 declining stocks to 2 that advanced.

ghana-flag150x150Cocoa Processing Company gained 50 percent to end the week at Gina Harrison¢0.02; Ecobank Transnational gained 6 percent to close at Gina Harrison¢0.18; HFC Bank Ltd, the bank that Trinidad’s Republic Bank has 40 percent ownership in, which gained 6.4 percent during the week ending November 15 gained a further 8 percent to close at Gina Harrison¢0.90. The week before it gained 13 percent and is now up 100 percent for the year to date. Mechanical Lloyd Company that sells and services BMW cars and motor cycles, Ford vehicles, Massey Ferguson agricultural machinery and Delphi products gained 5 percent to be up 153 percent year to date. Ayrton Drugs Manufacturing Company recorded a 6 percent gain.

Aluworksm an aluminium continuous casting and cold rolling company, lost 20 percent of its value during the week to close at GH¢0.05 and Benso Oil Palm Plantation lost 19 percent to close at GH¢3.20.

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