Ghana Market Watch | May 12th 2015: Ghana Equities sustain its bullish ….

Accra, Ghana (Capital Markets in Africa):- Ghana Stock exchange sustains its positive run today, with the benchmark Composite index rising by 5.12 points (0.36%) to close trading at 2,281.14 points; this brings its year-to-date performance to 0.89%. Likewise, the financial index added 7.24 points (1.16%) to close at 2,300.00 points (3.71% year-to-date performance). The market capitalization was recorded at GHS 63,606 million.

A market activity, measured by volume, was recorded at 126.507. Shares valued at GHS 907,917 (lower than previous trading turnover) were changing hands in nine shares and 61 transactions. Mechanical Lloyd Ghana and Benso Oil Palm Ghana top the Top Most Active Trades by volume and value accounting for 47.43% and 30.86% respectively.

Nevertheless, the market sentiment was negative at close of trading (measured as advancers/decliners ratio) with two advancers and three decliners. The gainers were Ecobank Transnational and Benso Oil Palm gaining 3.13% to close at GHS 0.33 and 0.20% to close at GHS 5.01 respectively.

On the other hand, the losers were Mechanical Lloyd Ghana (lost 10.00% to settle at GHS 0.18), Enterprise Group Bank (declined by 3.3% to trade at 1.60) and Ghana Commercial Bank (went down by 0.19% to GHS 5.54).

Complied by Capital Markets in Africa