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WEEKLY MARKET REVIEW 6 April 2018

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WEEKLY MARKET REVIEW 6 April 2018 DATABANK RESEARCH WEEKLY MARKET REVIEW 6 April 2018 ANALYST CERTIFICATE & REQUIRED DISCLOSURE BEGINS ON PAGE 4 GSE MARKET STATISTICS SUMMARY Current Previous % Change Weekly Market Update Databank Stock Index 42,597.18 42,279.19 0.75% The equities market ended the week on a strong note GSE-CI Level 3,392.94 3,366.85 0.77% supported by price appreciations in 11 counters. On a Market Cap (GH¢ m) 64,742.97 64,375.88 0.57% year to date basis, the returns of the GSE-CI and Databank YTD Return DSI 29.54% 28.57% Stock Index stand at 31.52% and 29.54% respectively. YTD Return GSE-CI 31.52% 30.51% Weekly Volume Traded (Shares) 1,579,076 1,978,054 -20.17% The gainers for the market this week were CAL (+7.89% Weekly Turnover (GH¢) 2,813,440 4,784,945 -41.20% GH¢1.64), EGH (+0.45% GH¢11.20), ETI (+5.56% 19Gp), Avg. Daily Volume Traded (Shares) 569,383 580,651 -1.94% GCB (+0.83% GH¢6.10), SCB (+0.28% GH¢35.20), SOGEGH Avg. Daily Value Traded (GH¢) 1,582,661 1,639,390 -3.46% (+2.16% GH¢2.36), GGBL (+0.39% GH¢2.56), UNIL No. of Counters Traded 22 18 (+0.18% GH¢16.83), TOTAL (+0.77% GH¢5.25), PBC (+25% No. of Gainers 11 10 5Gp), SIC (+2.63% 39Gp). No. of Laggards 2 4 The laggard for the market were ALW (-27.27% 8Gp) and EGL (-0.21% GH¢4.81). KEY ECONOMIC INDICATORS A total of ~1.58 million shares valued at GH¢2.81 million Fixed Income Market Current Previous Change exchanged hands on the floor of the exchange this week. 91-Day Treasury Bill 13.31% 13.36% -5bps 182-Day Treasury Bill 13.88% 13.90% -2bps Outlook 1 Year T/Note 15.00% 15.00% No Change Weekly Global Commodity Prices - As at 06-Apr-18 We expect market activity to remain upbeat with Cocoa ($/mt) 2,508.00 2,597.00 -3.43% Unilever Ghana, Societe Generale Ghana and Cal Bank as Brent Crude Oil ($/bl) 67.95 69.69 -2.50% likely advancers for the next week. Gold ($/oz) 1,327.00 1,328.60 -0.12% Weekly Interbank Exchange Rate - As at 06-Apr-18 Fan Milk and Enterprise Group Ltd are however, tipped to USD/GHS 4.4058 4.4044 -0.03% shed some pesewas. GBP/GHS 6.2060 6.1816 -0.39% EUR/GHS 5.4024 5.4179 0.29% The Ghana Stock Exchange’s Composite Index, the Monthly Consumer Inflation (y/y) Databank Stock Index and the Financials Stocks Index are Headline (Feb-18) 10.60% 10.30% +30bps all forecast to gain some points next week, fueled by the Food Inflation 7.20% 6.80% +40bps projected price gain in Societe Generale Ghana. Non-Food Inflation 12.20% 12.00% +20bps Gainers & Laggards Top Gainers Worst Laggards Price Gains Change Price Loss Change Counters Counters (GH¢) (GH¢) (%) (GH¢) (GH¢) (%) Cal Bank Ltd 1.64 0.12 7.89% Aluworks Limited 0.08 -0.03 -27.27% Standard Chartered Bank 35.20 0.10 0.28% Enterprise Group Ltd. 4.81 -0.01 -0.21% Societe Generale Ghana Ltd. 2.36 0.05 2.16% Price Price Top Traders by Value Value Traded (GH¢) Top Traders by Volume Volume Traded (GH¢) (GH¢) Standard Chartered Bank 35.20 1,198,875.00 PBC Ltd 0.05 1,000,200 Ghana Oil Company Ltd. 4.99 563,534.38 SIC Insurance Company Ltd 0.39 130,534 Ecobank Ghana Ltd 11.20 267,766.19 Ghana Oil Company Ltd. 4.99 112,728 Societe Generale Ghana Ltd. 2.36 185,036.00 Societe Generale Ghana Ltd. 2.36 78,653 Cal Bank Ltd. 1.64 123,836.08 Cal Bank Ltd. 1.64 76,829 Sources: Databank Research, Ghana Stock Exchange, Bank of Ghana, Ghana Statistical Service, Bloomberg 1 Databank | 61 Barnes Road Adabraka | PMB MPO Accra Ghana | T: +233 (0) 302 610610 | F: +233 (0) 302 681443 | [email protected] Ghana Return Analysis Sheet: 06.04.18 Price (GHS) Day-on-Day YTD Market Statistics Key Financial Ratios Capitalisation Capitalisation Listed Equity Ticker High Low Year Open Day Open Day Close Chg. Chg. Volume Turnover (GHS) Bids Outstanding Offers Outstanding P/E (x) P/BVS (x) Div. Yield (%) ROE (%) (GHS 'm) (USD 'm) Banking Industry (Participants, Averages) 12.19 2.31 4.28 18.98 17,693.90 4,016.05 4.10 3.40 Access Bank Ghana PLC ACCESS 4.05 3.60 3.60 0.00% -11.11% 1,100 3,960 900 12.12 0.91 0.00 7.52 425.14 96.49 5.95 3.83 Agricultural Development Bank ADB 5.84 5.95 5.95 0.00% 1.88% 0 0 nm 2.73 0.00 -4.46 1,373.97 311.86 1.64 0.49 Cal Bank CAL 1.08 1.61 1.64 1.86% 51.85% 14,630 24,001 2,200 5.88 1.34 5.91 22.75 899.15 204.08 12.00 6.80 Ecobank Ghana Limited EGH 7.60 11.21 11.20 -0.09% 47.37% 439 4,917 10,000 12.95 3.17 7.32 24.46 3,284.16 745.42 0.28 0.11 Ecobank Transnational Incorporated *ETI 0.16 0.19 0.19 0.00% 18.75% 13,609 2,569 40,800 4.55 0.55 2.08 12.10 4,572.87 1,037.92 7.50 3.88 GCB Bank GCB 5.05 6.10 6.10 0.00% 20.79% 2,028 12,373 11,800 1,000 9.93 1.48 6.23 14.88 1,616.50 366.90 1.39 0.48 HFC Bank HFC 1.39 1.29 1.29 0.00% -7.19% 0 0 3,300 8.25 1.61 4.65 19.48 383.67 87.08 35.20 15.45 Standard Chartered Bank SCB 25.25 35.20 35.20 0.00% 39.41% 740 26,045 990 14.34 4.42 3.18 30.80 4,065.86 922.84 2.36 0.70 Société Générale Ghana Limited SOGEGH 0.82 2.33 2.36 1.29% 187.80% 54,840 129,561 6.62 1.51 1.40 22.75 1,012.58 229.83 0.40 0.23 Trust Bank Ltd (The Gambia) TBL 0.35 0.30 0.30 0.00% -14.29% 100 30 500 5.44 0.90 9.29 16.54 60.00 13.62 Brewery Industry (Participants, Averages) nm 2.96 0.94 -2.65 787.44 178.73 2.56 1.40 Guinness Ghana Breweries GGBL 2.06 2.55 2.56 0.39% 24.27% 1,100 2,816 nm 2.96 0.94 -2.65 787.44 178.73 Consumer Goods Industry (Participants, Averages) 23.58 7.72 0.35 32.76 1,114.40 252.94 0.37 0.20 PZ Cussons PZC 0.20 0.37 0.37 0.00% 85.00% 0 0 12,500 nm 2.36 1.24 -16.36 62.16 14.11 0.01 0.01 African Champion Industries ACI 0.01 0.01 0.01 0.00% 0.00% 0 0 nm nm 0.00 nm 0.37 0.08 16.83 8.90 Unilever Ghana UNIL 12.84 16.83 16.83 0.00% 31.07% 0 0 200 20.32 8.86 0.30 43.60 1,051.88 238.75 Distribution & Trading Industry (Participants, Averages) 39.68 3.91 0.90 9.86 2,571.75 583.72 0.15 0.05 Mechanical Lloyd MLC 0.06 0.10 0.10 0.00% 66.67% 0 0 1,000 10,000 nm 0.13 10.00 -12.77 5.01 1.14 5.25 2.20 Total Petroleum Gh. Ltd TOTAL 3.53 5.25 5.25 0.00% 48.73% 221 1,160 17.94 3.63 2.19 20.26 587.34 133.31 5.00 1.25 Ghana Oil Company Ltd GOIL 2.69 4.99 4.99 0.00% 85.50% 2,000 9,980 50,000 29.32 5.33 0.50 18.17 1,955.40 443.82 0.07 0.04 Produce Buying Company PBC 0.06 0.05 0.05 0.00% -16.67% 0 0 60,000 60,000 nm 0.26 0.00 -32.63 24.00 5.45 Food Industry (Participants, Averages) 42.90 9.15 0.59 21.34 2,028.98 460.52 20.00 11.30 Fan Milk FML 17.70 17.46 17.46 0.00% -1.36% 216 3,771 3,000 42.90 9.15 0.59 21.34 2,028.98 460.52 Manufacturing Industry (Participants, Averages) nm 0.70 0.50 -15.27 63.55 14.42 0.17 0.08 Aluworks ALW 0.16 0.09 0.08 -11.11% -50.00% 2,612 209 4,200 nm 0.31 0.00 -30.23 18.93 4.30 0.16 0.11 Camelot Ghana CMLT 0.11 0.16 0.16 0.00% 45.45% 0 0 100 3.79 0.42 5.31 10.98 1.09 0.25 0.02 0.02 Cocoa Processing Company CPC 0.02 0.02 0.02 0.00% 0.00% 0 0 nm nm 0.00 nm 40.76 9.25 0.05 0.05 Pioneer Kitchenware Limited PKL 0.05 0.05 0.05 0.00% 0.00% 0 0 0.18 0.06 0.00 32.97 1.67 0.38 0.05 0.04 Sam Woode Limited SWL 0.05 0.05 0.05 0.00% 0.00% 0 0 20.21 0.74 24.00 3.67 1.09 0.25 Mining Industry (Participants, Averages) nm 1.38 1.18 -1.76 31,234.38 7,089.38 37.00 37.00 AngloGold Ashanti AGA 37.00 37.00 37.00 0.00% 0.00% 0 0 4.37 1.60 2.19 36.51 15,083.62 3,423.58 0.49 0.45 AngloGold Ashanti Ghanaian Depository Shares AADs 0.48 0.48 0.48 0.00% 0.00% 0 0 5.89 0.11 1.69 1.85 195.95 44.47 1.91 1.90 Golden Star Resources GSR 1.90 1.90 1.90 0.00% 0.00% 0 0 100 nm nm 0.00 nm 409.45 92.93 20.94 17.14 Tullow Oil PLC TLW 17.20 17.14 17.14 0.00% -0.35% 0 0 nm 1.35 0.23 -32.11 15,545.36 3,528.39 Insurance Industry (Participants, Averages) 7.37 1.75 5.67 23.79 716.52 162.63 5.60 2.38 Enterprise Group Limited EGL 3.70 4.81 4.81 0.00% 30.00% 3,600 17,316 6,400 7.35 2.07 5.81 28.19 640.21 145.31 0.40 0.09 SIC Insurance Company SIC 0.09 0.39 0.39 0.00% 333.33% 1,900 740 1,900 7.47 0.76 4.54 10.22 76.30 17.32 ICT Industry (Participants, Averages) nm nm 0.00 nm 3.42 0.78 0.03 0.03 Clydestone CLYD 0.03 0.03 0.03 0.00% 0.00% 0 0 9,400 nm nm 0.00 nm 1.02 0.23 0.03 0.03 Transactions Solutions Ltd TRANSOL 0.03 0.03 0.03 0.00% 0.00% 0 0 nm nm 0.00 nm 2.40 0.54 Agro-Processing Industry (Participants, Averages) 20.67 3.93 1.61 19.02 249.87 56.71 7.17 2.90 Benso Oil Palm Plantation BOPP 6.12 7.17 7.17 0.00% 17.16% 0 0 19.85 3.76 1.61 18.96 249.52 56.63 0.01 0.01 Golden Web Limited GWEB 0.01 0.01 0.01 0.00% 0.00% 0 0 nm nm 0.00 nm 0.35 0.08 Pharmaceuticals Industry (Participants, Averages) 5.84 0.97 0.89 16.62 29.29 6.65 0.10 0.10 Ayrton Drug Manufacturing AYRTN 0.10 0.10 0.10 0.00% 0.00% 1,000 100 17.97 1.16 0.00 6.45 21.50 4.88 0.05 0.02 Starwin Products SPL 0.03 0.03 0.03 0.00% 0.00% 0 0 10,000 201,900 2.04 0.67 3.33 32.82 7.79 1.77 6.00 5.98 Mega African Capital Limited MAC 5.98 5.98 5.98 0.00% 0.00% 0 0 14.58 1.00 1.00 6.85 58.06 13.18 100,135 239,548 Market with Mining 29.18 1.47 1.98 5.03 56,551.55 12,835.71 Market without Mining 10.83 1.59 2.96 14.69 25,317.17 5,746.33 Market without ETI 55.67 1.72 1.97 1.80 51,978.68 11,797.78 Market without Mining nor ETI 15.57 2.73 3.15 6.42 20,744.30 4,708.41 Preference Shares Standard Chartered Bank Preference Shares SCB-P 1.20 1.18 1.18 0.00% -1.67% 0 0.00 500 0.20 0.03 4.81 16.44 20.63 4.68 Ghana Alternative Market (GAX) Samba Foods SAMBA 0.65 0.65 0.65 0.00% 0.00% 0 0 nm 1.13 0.00 -11.56 3.88 0.88 Meridian Marshalls Holding Company MMH 0.11 0.11 0.11 0.00% 0.00% 0 0 nm 2.51 0.00 -4.13 10.57 2.40 Hords Ltd HORDS 0.10 0.10 0.10 0.00% 0.00% 0 0 nm 3.50 0.00 1.67 11.49 2.61 Intravenous Infusion Limited IIL 0.09 0.09 0.09 0.00% 0.00% 9,800 882 1,000 30.44 2.83 0.00 9.31 20.40 4.63 Disclaimer: The Information has been compiled from sources we believe to be reliable but do not hold ourselves responsible for its completeness or accuracy.
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