DOCSLIB.ORG

45Th IOSCO Annual Meeting HELD ONLINE

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
45Th IOSCO Annual Meeting HELD ONLINE ENSURING INVESTOR PROTECTION SEC OFFICIALNEWS NEWSLETTER OF SECURITIES & EXCHANGE COMMISSION 4TH QUARTER (OCT. - DEC.) 2020 45th IOSCO Annual Meeting HELD ONLINE Public Interest Warning To Investors Regarding Wiseline Online Investment Company Investor Protection Mandate of SEC 4th Quarter Market Summary Analyses & Highlights Key Market Statistics Infractions, Penalties and Complaints Received in the Fourth Quarter of 2020 “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” — Warren Buffett SECURITIES & EXCHANGE COMMISSION SEC NEWS 2020 TABLE OF CONTENTS 02 NOTICE TO THE PUBLIC Public Advice Public Notice 03 INTERNATIONAL UPDATES TThe International Organization of Securities Commissions (IOSCO) held its 45th Annual Meetings online. 04 KNOWLEDGE BANK The risk of losing money can arise from many types of financial transactions. This implies that financial markets have always been subject to compliance for rules and codes of conduct to protect investors and the general public, although in some cases, these rules have not always been enforced as robustly as they should. 06 ENFORCEMENTS Infractions, Penalties and Complaints Received during the Fourth Quarter of 2020. 09 FACTS & FIGURES - Assets Under Management (4th Quarter 2020) - Offers and Other Approvals - Capital Market Statistics and Analyses 13 MARKET SUMMARY ANALYSES & HIGHLIGHTS The Ghana Stock Exchange Composite Index (GSE-CI), closed at 1,941.59 points from 1,856.56 points recorded at the end of third quarter (Q3) 2020. This represents a -13.98% year-to-date (YTD) change compared to -17.75% YTD as at the end of September 2020. This indicates a slight improvement from the previous quarter. EDITORIAL TEAM 1. Dr Jacob Aidoo 5. Mrs Naomi Simpson 2. Mr Emmanuel Ashong-Katai 6. Ms Dorothy Yeboah-Asiamah 3. Mrs Marian Afriye-Opoku 7. Mrs Lilian Danso Affum 4. Mr Frank Biney Donkor 8. Mr Andy Anim Disclaimer: The views expressed in this Newsletter are the author’s own and do not necessarily represent the views of the Securities and Exchange Commission, its members or staff. DESIGNED & PRINTED BY: ISSUE 12, Q4 2020 1 SECURITIES & EXCHANGE COMMISSION SEC NEWS 2020 NOTICE TO THE PUBLIC 1. PUBLIC ADVICE Members of the general public are advised to use the Commission’s Toll-Free Line 0800100065 or Main Line 0302768970-2 to contact the Commission on any issue they may have relating to the securities market and investments, including: • Seeking general information about the securities market and products. • Seeking information about licensed capital market operators. • Reporting persons suspected to be operating in the securities market without a license. • Reporting fraudulent investment schemes (e.g. Ponzi schemes). • Reporting fraudulent activities of capital market operators. • Making complaints against capital market operators. 2. PUBLIC NOTICE PUBLIC INTEREST WARNING TO THE GENERAL PUBLIC ON ELECTRONIC COMMERCE AND TRADING SCHEME: NOTICE NUMBER: SEC/PN/001/01/2021 The Securities and Exchange Commission (hereinafter referred to as “SEC”) is the statutory body mandated by the Securities Industry Act 2016 (Act 929) to promote the orderly growth and development of an efficient, fair, and transparent securities market in which investors and the integrity of the market are protected. One of the core functions of the SEC is to maintain surveillance over activities in the securities industry and to protect investors by publishing at regular intervals information to the public to inform their investment decisions. The General Public is hereby put on notice that WISELING ONLINE INVESTMENT COMPANY, a Finnish-based company operating in Ghana has not been licensed by the Securities and Exchange Commission (SEC) to carry out any Capital Market activity including investing or trading for returns as mandated by Section 3 of the Securities Industry Act, 2016 (Act 929). WISELING ONLINE INVESTMENT COMPANY is therefore not regulated by the SEC. The General Public is advised to be cautious with investing in unlicensed products. The General and investing Public is further advised to consult the SEC through its toll-free line number 0800100065 or main line number 0302768970-2 to confirm the licensing status of any firm offering products or services relating to investments in the Capital Market. The SEC wishes to reassure all Market Operators, Investors, and the General Public that it is dedicated to ensuring rigorous implementation of all the rules for operators in the Capital Market to promote the orderly growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected. This Public Interest Warning is issued pursuant to Sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929). IISSUED BY ORDER OF THE SECURITIES AND EXCHANGE COMMISSION DATED: 23rd February 2021 2 ISSUE 12, Q4 2020 SECURITIES & EXCHANGE COMMISSION SEC NEWS 2020 INTERNATIONAL UPDATES 45TH IOSCO 2. ANNUAL MEETING HELD ONLINE DOROTHY YEBOAH-ASIAMAH Manager, International Relations and Board Secretary issues in financial reporting, auditing Secretariat gave invaluable International Organization and disclosures. support and guidance for IOSCO’s of Securities Commissions sharpened focus on substantive (IOSCO) held its 45th iii The impact of COVID-19 on secondary trading market market and policy issues such as Annual Meetings online. asset management, crypto-assets, The meetings took place microstructure mechanisms, the operations of trading venues and unintended market fragmentation Ifrom 9th to 18th November 2020 and sustainable finance, thereby business continuity planning. and included virtual meetings enhancing IOSCO´s relevance to of the IOSCO Board, IOSCO´s Mr. Ashley Alder, Chair of the IOSCO both members and global securities Growth and Emerging Markets Board, in his remarks noted that, markets. Simultaneously, during (GEM) Committee, its four though the Annual Meeting was his tenure, IOSCO strengthened Regional Committees and the virtual, members made tremendous and expanded its capacity building Affiliate Members Consultative progress in addressing the emerging activities while increasing the Committee (AMCC), culminating risks arising from the COVID-19 collaboration among IOSCO members with the meeting of its Presidents pandemic and other critical matters on key policy issues. Committee. 480 members from such as climate change and financial 159 jurisdictions participated in stability issues. IOSCO had proven it Under Mr. Andrews´ leadership, the the event. could respond quickly and effectively General Secretariat also provided to events that could harm investors critical support to the IOSCO Board in and undermine market integrity. its endeavor to ensure that securities Among the issues discussed markets remained open and able to was the impact of COVID 19 on fund the real economy during the capital markets and other priority IOSCO Secretary General Paul market turmoil caused by COVID-19 issues facing securities market Andrews to end his tenure in Until Paul’s successor is appointed, regulators and supervisors. February 2021 his deputy, Tajinder Singh, would be acting Secretary General from the The IOSCO Board also agreed to The International Organization of Securities Commissions (IOSCO) end of February 2021. undertake further work on the following: announced that its Secretary General Paul Andrews would end his tenure i. Good practices or in February 2021. recommendations for audit committees on goodwill IOSCO reported that, under impairment. Mr. Andrews’ leadership, the ii. Potential valuation-related ISSUE 12, Q4 2020 3 SECURITIES & EXCHANGE COMMISSION SEC NEWS 2020 INVESTOR KNOWLEDGE PROTECTION BANKMANDATE OF SEC: 3. WHAT INVESTORS MUST DEMAND FROM LICENSEES BASED ON THE CONDUCT OF BUSINESS GUIDELINES 2020 (CBG, 2020) FRANK BINEY DONKOR Manager, Policy and Research, SEC may take many forms such as ensuring guidelines are designed to equip and he risk of losing that the financial firm or intermediary help investors and the general public to money can arise has sufficient information to be able make an informed decision regarding from many types of to properly advise the client, through investments. As the saying goes “A financial transactions. to selecting suitable investments smart investor is a well-informed This implies that to meet the client’s needs and investor”, Tfinancial markets have always undertaking transactions on behalf of been subject to compliance for clients in a timely manner. Thus, the In this issue, we shall focus on part five rules and codes of conduct to overriding requirement from financial of the CBG, 2020 which has the heading protect investors and the general intermediaries (licensees) is that they “Relations with Clients”. Section 2 public, although in some cases, conduct themselves in such a way (1) of the CBG, 2020 gives a general these rules have not always that they put the interests of the client requirement for the conduct of business been enforced as robustly as first over the demands of their firm’s as follows: they should.These were interests. A market operator shall; It was in respect of the above that, the (a) act with integrity and fairness; Commission (SEC-Ghana) issued the (b) apply due care, skill, and diligence in Following the financial crisis, “Conduct of Business Guidelines (CBG, the best interests of its clients and the regulators have introduced new 2020)” in October 2020 which derived integrity of the capital
Load more

Recommended publications
  • Weekly Market Watch Sic-Fsl Investment+ Research| Market Reviews|Ghana
    WEEKLY MARKET WATCH SIC-FSL INVESTMENT+ RESEARCH| MARKET REVIEWS|GHANA 20th October, 2016 STOCK MARKET ACCRA BOURSE SWINGS BACK Increased bearish sentiment saw major performance INDICATORS WEEK OPEN WEEK END CHANGE indicators on the Ghana Stock Exchange (GSE) swung back last week, following a drop in the shares of blue-chip stocks. Market Capitalization (GH¢'million) 52,780.97 52,542.24 -0.45% Key among these stocks include the shares of Standard Market Capitalization Chartered Bank Limited (SCB, Total Petroleum Ghana Limited (US$'million) 13,299.81 13,254.52 -0.34% (TOTAL), Guinness Ghana Breweries Limited (GGBL) and Volume traded (shares) 348,651.00 1,445,517.00 314.60% GCB Bank Limited (GCB). Value Traded (GH¢) 454,858.25 371,669.73 -18.29% In the end, the yield on the GSE-Composite Index, the GSE Value Traded (US$) 114,615.73 93,758.92 -18.20% Financial Stocks Index (GSE-FSI) and the SIC-FSL Top 15 Table 1: Market Summary liquid Index (T-15 Index) slipped from their previous week losses of 11.25%, 13.08% and 20.52% each to settle at INDEX ANALYSIS 11.98%, 13.79% and 22.18% respectively. INDICATORS Closing Week YTD Level Change CHANGE Total market capitalization of the GSE also dropped from the previous week’s figure of GH¢52.78 billion to GH¢52.54 GSE Composite Index 1,755.90 -0.83% -11.98% billion, whilst an equivalent dollar value also dipped from the previous week’s USD 13.30 billion to USD13.25 billion SIC-FSL Top 15 Index 2,887.49 -2.09% -22.18% last Thursday.
    [Show full text]
  • Market Report
    Market Report December 2017-Full Year MARKET HIGHLIGHTS GSE STOCK INDICES/CAPITALIZATION DEC 2017 YTD CHANGE DEC 2016 YTD CHANGE GSE COMPOSITE INDEX (GSE-CI) 2,579.72 52.73% 1,689.09 -15.33% GSE FINANCIAL STOCK INDEX (GSE-FSI) 2,310.58 49.51% 1,545.41 -19.93% MARKET CAPITALIZATION (GH¢ M) 58,803.96 11.48% 52,690.99 -7.75% DOMESTIC CAPITALIZATION (GH¢ M) 16,244.34 45.23% 10,877.03 -2.75% MARKET TURNOVER - EQUITIES DEC 2017 DEC 2016 VOLUME TRADED 7,013,135 129,056,489 VALUE TRADED (GH¢) 15,250,389.24 8,829,193.14 NUMBER OF TRANSACTIONS 1,002 1,300 TRADING DAYS 18 19 NUMBER OF TRADED SYMBOLS 26 27 MARKET DAILY AVERAGES - EQUITIES DEC 2017 DEC 2016 AVERAGE VOLUME TRADED 389,619 6,792,447 AVERAGE VALUE TRADED (GH¢) 847,243.85 464,694.38 AVERAGE NUMBER OF TRANSACTIONS 56 68 MARKET TURNOVER - EQUITIES JAN TO DEC 2017 JAN TO DEC 2016 VOLUME TRADED 322,725,768 252,833,427 VALUE TRADED (GH¢) 518,381,473.32 242,114,791.53 NUMBER OF TRANSACTIONS 20,755 20,685 TRADING DAYS 247 249 NUMBER OF TRADED SYMBOLS 40 45 MARKET TURNOVER - FIXED INCOME (DEBT) SECURITIES IN GH¢ MILLIONS DEC 2017 DEC 2016 CORPORATE (GH¢ M) - GOG NOTES AND BONDS (GH¢ M) 3,529.73 - MARKET TURNOVER - FIXED INCOME (DEBT) SECURITIES IN GH¢ MILLIONS JAN-DEC 2017 JAN-DEC 2016 CORPORATE (GH¢ M) 990.16 2.84 GOG NOTES AND BONDS (GH¢ M) 27,723.53 12,510.74 LISTINGS DEC 2017 DEC 2016 LISTED COMPANIES (MAIN MARKET AND GAX) 40 41 LISTED EQUITIES (MAIN MARKET) ORDINARY SHARES 36 37 DEPOSITORY SHARES 1 1 PREFERENCE SHARES 1 1 EXCHANGE TRADED FUNDS 1 1 EQUITIES ON GHANA ALTERNATIVE MARKET (GAX)
    [Show full text]
  • Ecobank Full Year Review
    Analysts Weekly Markets Update Wilfred Agyei Kofi Busia Kyei Rudolf Cofie Tel: +233(0)302 251137 Website: www.umbcapital.com Our Opinion: SELL FEATURE FOR THE WEEK Ecobank’s full year profit declines by 21.56% Return on Equity (DuPont) Performance on the Stock Market 40.00% 37.18% Ecobank Ghana started 2017 at GHS6.40 and appreciated to GHS7.60 (as at 35.00% 34.19% December 2017), translating to a gain of 18.75%, reflecting positive sentiments 30.00% towards the banking giant. The 18.75% gain is better compared to the -8.70% 25.00% 24.87% and -7.76% recorded the same period a year ago and in 2015 respectively. 20.00% It has posted a 52-Week-High of GHS8.05, and a 52-Week Low of GHS6.40, 15.00% Wilfred Agyei with a PE Ratio of 8.74x, with an average price of GHS7.24 over the past 200 10.00% [email protected] days. 5.00% Trading activity has been brisk; a total volume of 3,395,200 shares of the bank 0.00% 2015 2016 2017 exchanged positions during 2017, this is higher than the 1,268,288 shares traded during 2016. Total value of shares traded amounted to GHS22,799,190 significantly higher than the GHS8,607,580 recorded in 2016. Return on Equity fell from 34% to 25% due to the sharp decline in the Net Profit Margin from 37% to 29%. Common Size Analysis FINANCIAL STATEMENT SUMMARY Proportion of Interest income 2017 2016 2015 100.00% INCOME STATEMENT GHS 000 GHS 000 GHS 000 81.92% Interest Income 885,483 878,914 790,961 80.00% Net Profit 255,384 325,594 327,523 64.36% 66.00% 60.00% BALANCE SHEET 41.41% Total Assets 9,098,692 8,025,510 6,587,487
    [Show full text]
  • Weekly Market Watch Sic-Fsl Investment+ Research| Market Reviews|Ghana
    WEEKLY MARKET WATCH SIC-FSL INVESTMENT+ RESEARCH| MARKET REVIEWS|GHANA 7th December, 2017 Address: No. 67A & B Switchback Road, Email: [email protected] Website: www.sic-fsl.com Phone: +233-302-767-051 +233-302-767-123 STOCK MARKET GSE STARTS ON POOR NOTE The Ghana Stock Exchange (GSE) started the festive month on INDICATORS WEEK OPEN WEEK END CHANGE a poor note despite strong numerical strength of gainers over Market Capitalization laggards. Out of the seven (7) price movers, four (4) equities (GH¢'million) 58,503.37 58,219.42 -0.49% were ticked-up with the rest dipping. Shares of Access Bank Market Capitalization (US$'million) 13,259.46 13,198.09 -0.46% Limited (ACCESS), Ecobank Transnational Incorporated (ETI) and Ghana Oil Company Limited (GOIL) were the most Volume traded (shares) 5,019,353.00 2,297,271.00 -54.23% affected. Value Traded (GH¢) 13,765,756.99 2,664,838.94 -80.64% The yield on the GSE Composite Index (GSE-CI) dropped from Value Traded (US$) 3,119,930.42 604,107.49 -80.64% 2,521.67 points to 2,508.53 points, resulting in year-to-date Table 1: Market Summary gain 48.51%. Similarly, the GSE Financial Stocks Index (GSE- CI) and the SIC-FSL Top 15 Index (SIC-FSL T-15) closed at INDEX ANALYSIS year-to-date returns of 43.15% and 50.42% respectively INDICATORS CLOSING WEEK YTD lower than 44.19% and 52.42% recorded in the previous LEVEL CHANGE CHANGE week. GSE Composite Index 2,508.53 -0.52% 48.51% Total market capitalization dropped from the previous week’s SIC-FSL Top 15 Index 3,922.78 -1.31% 50.42% figure of GH¢58.50 billion to GH¢58.22 billion last Thursday.
    [Show full text]
  • Databank Weekly Market Watch
    March 3, 2017 GSE MARKET STATISTICS SUMMARY Weekly Stock Market Review SCB Tops Gainers Chart for 3rd Consecutive Week: The bulls maintained their Current Previous % Change hold on the equities market this week, supported by price gains in 7 counters. Databank Stock Index 24,460.95 24,329.82 0.54 The Ghana Stock Exchange’s Composite Index (GSE-CI) increased by 11.09 points GSE-CI Level 1,868.19 1,857.10 0.60 w/w to ~1,868 points, while the Databank Stock Index advanced by 131.13 points Market Cap (GH¢ m) 49,147.28 52,310.92 -6.05 w/w to ~24,461 points. The year to date returns of the GSE-CI and the Databank YTD Return DSI 9.53% 8.94% Stock Index thus increased to 10.60% and 9.53% respectively. YTD Return GSE-CI 10.60% 9.95% Market activity was vibrant this week. A block trade in Guinness Ghana Weekly Volume Traded (Shares) 3,567,878 921,507 287.18 Breweries pushed up the volume of shares traded by ~% w/w to ~3.57 million Weekly Turnover (GH¢) 4,603,367 4,555,231 1.06 shares, with a value of ~GH¢4.60 million. Out of the 25 counters that traded this Avg. Weekly Volume Traded (Shares) 878,352 861,281 1.98 week, Guinness Ghana Breweries emerged the most active counter, accounting Avg. Weekly Value Traded (GH¢) 1,268,601 1,246,575 1.77 for 56% of aggregate trade volumes. No. of Counters Traded 25 23 The market breath of the Ghana Stock Exchange was positive this week, with 7 No.
    [Show full text]
  • Has Gse Played Its Role in the Economic Development of Ghana?
    CAPITAL MARKET 23 YEARS AND COUNTING: HAS GSE PLAYED ITS ROLE IN THE ECONOMIC DEVELOPMENT OF GHANA? 1st CAPITAL MARKET CONFERENCE BY EKOW AFEDZIE, DEPUTY MANAGING DIRECTOR MAY 10, 2013 INTRODUCTION Ghana Stock Exchange (GSE) was established with a Vision: -To be a relevant, significant, effective and efficient instrument in mobilizing and allocating long-term capital for Ghana’s economic development and growth. INTRODUCTION OBJECTIVES - To facilitate the Mobilization of long term capital by Corporate Bodies/Business and Government through the issuance of securities (shares, bonds, etc). - To provide a Platform for the trading of issued securities. MEMBERSHIP OF GHANA STOCK EXCHANGE GSE as a public company limited by Guarantee has No OWNERS OR SHAREHOLDERS. GSE has Members who are either corporate or individuals. There are two categories of members:- - Licensed Dealing Members - 20 - Associate Members - 34 HISTORICAL BACKGROUND 1968 - Pearl report by Commonwealth Development Finance Co. Ltd. recommended the establishment of a Stock Exchange in Ghana within two years and suggested ways of achieving it. 1970 – 1989 - Various committees established by different governments to explore ways of bringing into being a Stock Exchange in the country. HISTORICAL BACKGROUND 1971 - The Stock Exchange Act was enacted. - The Accra Stock Exchange Company incorporated but never operated. Feb, 1989 - PNDC government set up a 10-member National Committee on the establishment of Stock Exchange under the chairmanship of Dr. G.K. Agama, the then Governor of the Bank of Ghana. HISTORICAL BACKGROUND July, 1989 - Ghana Stock Exchange was incorporated as a private company limited by guarantee under the Companies Code, 1963. HISTORICAL BACKGROUND Nov.
    [Show full text]
  • Weekly Market Watch Sic-Fsl Investment+ Research| Market Reviews|Ghana
    WEEKLY MARKET WATCH SIC-FSL INVESTMENT+ RESEARCH| MARKET REVIEWS|GHANA 9th October, 2014 SIC FINANCIAL SERVICES LIMITED|ADVISORY|FUND MANAGEMENT|STOCK BROKERAGE|INVESTMENT RESEARCH STOCK MARKET MARKET ACTIVITIES SHORE UP Ren ewed investors confidence in capital market investment, INDICATORS WEEK OPEN WEEK END CHANGE shore up performance on the Ghana Stock Exchange (GSE) Market Capitalization (GH¢ last week. Stocks of Aluworks Limited (ALW), PBC Limited 'million) 63,840.80 64,027.40 0.29% (PBC) and SIC Insurance Company Limited (SIC) were the most Market Capitalization (US$' million) 19,965.85 20,024.21 0.29% sought for within the week. Volume traded (shares) 1,933,674.00 5,818,767.00 200.92% Activities in the above stocks saw key market indices rallied across board, as the broader market (GSE Composite Index), Value Traded (GH¢) 3,842,401.95 7,177,990.01 86.81% GSE Financial Services (GSE-CI) and SIC-FSL Top 15 Index Value Traded (US$) 1,201,689.43 2,244,875.69 86.81% (SIC-FSL T-15) posted better returns than the week before. Table 1: Market Summary The returns on the GSE-CI was 15.53% better than the previous 3.09% on the market, hence the yield on the INDEX ANALYSIS broader market was 3.57% last Thursday. Similarly, the yields on the financial stocks (GSE FSI) and the SIC-FSL Top INDICATORS Closing Week YTD Level Change CHANGE 15 index also appreciated 3.21% and 9.91% to see both yields settled at 18.96% and 13.64% respectively. GSE Composite Index 2,221.73 0.46% 3.57% The cumulative value of the Ghanaian market also rose to SIC-FSL Top 15 Index 3,926.96 1.09% 13.64% GH¢64.03 billion from GH¢63.84 billion the week before.
    [Show full text]
  • Market Report
    Market Report July 2017 MARKET HIGHLIGHTS GSE STOCK INDICES/CAPITALIZATION JUL 2017 YTD CHANGE JUL 2016 YTD CHANGE GSE COMPOSITE INDEX (GSE-CI) 2,256.78 33.61% 1,796.29 -9.96% GSE FINANCIAL STOCK INDEX (GSE-FSI) 2,079.34 34.55% 1,678.94 -13.01% MARKET CAPITALIZATION (GH¢ M) 57,209.86 8.46% 54,605.56 -4.40% DOMESTIC CAPITALIZATION (GH¢ M) 14,313.06 27.96% 10,443.75 -6.63% MARKET TURNOVER - EQUITIES JUL 2017 JULY 2016 VOLUME TRADED 7,901,264 9,931,686 VALUE TRADED (GH¢) 24,130,590.21 19,385,939.66 NUMBER OF TRANSACTIONS 1,961 1,561 TRADING DAYS 20 19 NUMBER OF TRADED SYMBOLS 30 30 MARKET DAILY AVERAGES - EQUITIES JUL 2017 JUL 2016 AVERAGE VOLUME TRADED 395,063 522,720 AVERAGE VALUE TRADED (GH¢) 1,206,529.51 1,020,312.61 AVERAGE NUMBER OF TRANSACTIONS 98 82 MARKET TURNOVER - EQUITIES JAN TO JUL 2017 JAN TO JUL 2016 VOLUME TRADED 258,757,395 72,981,621 VALUE TRADED (GH¢) 388,178,582.80 156,094,107.20 NUMBER OF TRANSACTIONS 12,348 12,522 TRADING DAYS 143 144 NUMBER OF TRADED SYMBOLS 37 42 MARKET TURNOVER - FIXED INCOME (DEBT) SECURITIES IN GH¢ MILLIONS JUL 2017 JUL 2016 CORPORATE - - GOG NOTES AND BONDS (GH¢ M) *** 724.39 835.93 MARKET TURNOVER - FIXED INCOME (DEBT) SECURITIES IN GH¢ MILLIONS JAN-JUL 2017 JAN-JUL 2016 CORPORATE - - GOG NOTES AND BONDS (GH¢ M) *** 7,559.02 - LISTINGS JUL 2017 JUL 2016 LISTED COMPANIES 41 39 LISTED EQUITIES ORDINARY SHARES 37 35 DEPOSITORY SHARES 1 1 PREFERENCE SHARES 1 1 EXCHANGE TRADED FUNDS 1 1 FOUR (4) EQUITIES ON GHANA ALTERNATIVE MARKET (GAX) 4 4 DELISTINGS-EQUITIES JUL 2017,JUL 2016) 0 0 NUMBER OF LISTED
    [Show full text]
  • Weekly Market Watch Sic-Fsl Investment+ Research| Market Reviews|Ghana
    WEEKLY MARKET WATCH SIC-FSL INVESTMENT+ RESEARCH| MARKET REVIEWS|GHANA 8th January, 2015 STOCK MARKET ACCRA BOURSE MAKES PROMISING START INDICATORS WEEK OPEN WEEK END CHANGE The year 2014 has begun living up to expectations as bullish runs in equities from the petroleum, finance and consumer Market Capitalization (GH¢ goods sectors saw the annual returns of the broader market 'million) 64,352.42 64,229.12 -0.19% Market Capitalization (US$' inch up to 0.42% last Thursday. Though, most equities gave million) 20,109.50 20,014.06 -0.47% up their opening prices, rise in the market value of Ghana Oil Petroleum Company Limited (GOIL), Societe Generale Ghana Volume traded (shares) 783,118.00 573,274.00 -26.80% Table 1: Market Summary Limited (GOIL) and Fan Milk Limited (FML) were enough to close the week’s activities on a positive note. Key benchmark indices closed the week better despite slight volatilities during inter-day trading. The GSE Composite INDEX ANALYSIS index closed at a year-to-date return of 0.42% whiles the GSE Financial Stocks Index settled at 0.67% returns. INDICATORS Closing Week YTD Level Change CHANGE Total market capitalization of the Ghana Stock Exchange was GH¢64.23 billion, an equivalent to USD20.00 billion. GSE Composite Index 2,270.57 0.42% 0.42% GSE Financial Stocks Index 2,258.77 0.67% 0.67% Table 2: Key Stock Market Indices LIQUIDITY The absence of block trades over the period saw liquidity comparatively down last week. All in all, an approximate figure of 573,274 shares exchanged hands within the first trading week of the year, and was also valued about GH¢2.48 million.
    [Show full text]
  • Weekly Market Watch Sic-Fsl Investment+ Research| Market Reviews|Ghana
    WEEKLY MARKET WATCH SIC-FSL INVESTMENT+ RESEARCH| MARKET REVIEWS|GHANA 14th September, 2017 Address: No. 67A & B Switchback Road, Email: [email protected] Website: www.sic-fsl.com Phone: +233-302-767-051 +233-302-767-123 STOCK MARKET PROFIT-TAKING SLOWS MARKET PERFORMANCE Intense profit-taking on the Ghana Stock Exchange (GSE) INDICATORS WEEK OPEN WEEK END CHANGE saw key performance indicators dip for the first time in Market Capitalization several weeks. Among the nine (9) price movers, five (5) (GH¢'million) 58,810.32 58,022.89 -1.34% equities were ticked-down while the rest gained. Among the Market Capitalization (US$'million) 13,359.91 13,171.45 -1.41% laggards, shares of Standard Chartered Bank Limited (SCB), GCB Bank Limited (GCB), Enterprise Group Limited (EGL) Volume traded (shares) 1,090,896.00 3,860,498.00 253.88% and Trust Bank Gambia Limited (TBL) were the hardest hit on Value Traded (GH¢) 7,134,447.86 9,038,209.20 26.68% the bourse last week. Value Traded (US$) 1,620,728.73 2,051,713.70 26.59% At the close of activities last Thursday yields on the GSE- Table 1: Market Summary Composite Index (GSE-CI), the GSE Financial Stocks Index (GSE-FSI) and the SIC-FSL Top 15 liquid Index (T-15 Index) declined from their previous week year-to-date gains of INDEX ANALYSIS 44.73%, 42.91% and 52.92% to settle at annual returns of 37.08%, 31.38% and 45.33% respectively. INDICATORS Closing Week YTD Level Change CHANGE Total market capitalization dipped from the previous week’s GSE Composite Index 2,315.48 -5.28% 37.08% figure of GH¢58.81 billion to GH¢58.02 billion.
    [Show full text]
  • (A CASE STUDY of GHANA STOCK EXCHANGE) By
    KWAME NKRUMAH UNIVERSITY OF SCIENCE AND TECHNOLOGY, KUMASI OPTIMAL PORTFOLIO SELECTION (A CASE STUDY OF GHANA STOCK EXCHANGE) By HERMAN YIRBECHAA TAGYANG (B. A. ECONOMICS AND MATHEMATICS) A THESIS SUBMITTED TO THE DEPARTMENT OF MATHEMATICS, KWAME NKRUMAH UNIVERSITY OF SCIENCE AND TECHNOLOGY IN PARTIAL FUFILLMENT OF THE REQUIREMENT FOR THE DEGREE OF MSc. INDUSTRIAL MATHEMATICS MAY, 2014 DECLARATION I hereby declare that this submission is my own work towards the award of the MSc. degree and that, to the best of my knowledge, it contains no material previously published by another person nor material which had been accepted for the award of any other degree of the university, except where due acknowledgement had been made in the text. Tagyang Yirbechaa Herman ....................................... Student Signature Date Certified by: Mr. Kwaku Darkwa ....................................... Supervisor Signature Date Certified by: Prof. S. K. Amponsah ....................................... Head of Department Signature Date i DEDICATION I wish to dedicate this work to the Glory of God Almighty who has been our help in ages past, our fortress now and is still our hope for many years to come. Also to my lovely wife, Irene Kumah and my parents, Mr and Mrs Tagyang. ii Abstract The knapsack model is employed in many fields of study including Business, Engineering and Economics to solve problems related to resource constraints. The knapsack problem is a form of integer programming problem that has only one constraint and can be used to strengthen cutting planes for general integer programs. These facts make the studies of the knapsack problems and their variants extremely important area of research in the field of operations research.
    [Show full text]
  • Weekly Stock Market Report
    MARKET REPORTS Weekly Capital Market Recap: March 05, 2021 Stock Market Highlights Indicator Previous Current Chg (%) Open Closing GSE-CI 2,200.92 2,207.95 0.32% Company Price ¢ Price ¢ Gain/Loss • Gains in banking and telecom stocks pushed the YTD (GSE-CI) 13.36% 13.72% CalBank PLC 0.80 0.83 3.75% benchmark index 0.32% higher to close at a new GSE-FI 1,873.31 1,864.75 -0.46% Societe Generale Ghana PLC 0.73 0.74 1.37% year high of 2,207.95 with a 13.72% year-to-date YTD (GSE-FI) 5.08% 4.60% Scancom PLC 0.82 0.83 1.22% return. Market capitalization declined by 0.16% Mkt Cap (GHC) 57,152.18 57,060.29 -0.16% Ecobank Transnational Inc. 0.08 0.07 -12.50% to settle at GH¢57.06 billion. Volume 7,337,137 37,365,691 409.27% • The GSE-FI however slid 0.16% due to a loss in Value (GHC) 6,334,814 29,990,379 373.42% ETI (-12.50%) to close at 1,864.75 with a 4.60% year-to-date return. Top Trades by Value GHC Activity Levels Increased MTNGH 28,824,904 GGBL 641,435 • A total of 37,365,691 shares valued at GCB 260,976 GH¢29,990,379 changed hands this week compared to 7,337,137 shares valued at GH¢6,334,814 last week. Index YTD Performance (%) as at 5th March 2021 • MTN Ghana dominated trading activity, 16.00 accounting for 96.11% of total value traded.
    [Show full text]