Daily Market Recap
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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. -
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. -
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. -
Past Award Winners
PAST AWARD WINNERS. MARKETING MAN YEAR NAME 1989 DR.KWESI BOTCHWAY 1990 MR. HANS WOELFER 1991 MR.R.K.SELBY 1992 MR K. ABEASI 1993 MR.ATO POBEE AMPIAH 1994 MR. ESSON BENJAMIN 1995 MR. IBRAHIM ADAM 1997 MR. KEN OFORI-ATTA 1997 MR.P.K AWUAH 1998 DR.KWABENA DUFFOUR 1999 DR.NII NARKU QUAYNOR 2000 MR. KWABENA ADJEI 2001 PROF. KWABENA F.BOATENG 2002 MR. KWABENA ADJEI 2003 MR. KOFI NSIAH POKU 2004 MR. ANTHONY OTENG-GYASI 2005 MR. ALBERT K. ESSIEN 2006 MR. PRINCE KOFI AMOABENG 2007 MR. CHARLES COFIE 2008 MR. KWAME ACHAMPONG-KYEI 2009 MR. IBRAHIM AWAL 2010 MR. SAMUEL AMO TOBBIN MARKETING WOMAN OF THE YEAR YEAR NAME 1989 MRS. CAULLEY HANSON 1990 MS SHERRY AYITTEY 1991 MRS.AMA GYAMFUAH AKPAN 1992 MRS. VIDA NYARKO 1993 MRS. BAETA ANSAH 1994 PROF. M.A. GREENSTREET 1995 PROF. AWURAMA ADDY 1996 VIVIAN SERWAA ADU 1997 MRS DINAH A. AYENSU 1998 MRS. ELIZABETH VILLARS 1999 MRS THERESA OPPONG BEEKO 2000 MRS. L.B.OSAFO-ADDO 2001 MRS.CECILIA ADWOA KWOFIE 2002 MRS. GRACE AMEY AMEYOBENG 2003 MS ADELAIDE AHWIRENG 2004 MRS. BELLA AHU 2005 NANA ADWOA AWINDOR 2006 MRS. FELICITY ACQUAH 2007 MS. JOYCE ARYEE 2008 MRS. NORKOR DUA 2009 MRS. DZIGBORDI DOSOO 2010 MRS. DOREEN OWUSU-FIANKO PAST AWARD WINNERS. MARKETING STUDENT OF THE YEAR YEAR NAME 1989 SAMUEL DUODU 1990 THERESA OPPONG 1992 BENJAMIN ATTAH 1993 OSAM VERA ARABA 1994 WINIFRED YAO AGBAZ 1995 MARY AKWELEY AYI 1996 ABIGAIL ARMAH 1997 MRS. GIFTY OFORI 1998 ABENA OSEI 1999 JERRY ABAYAA 2000 GLORIA ATITSOGBI 2001 ANDREW KPAKPO- MILLS 2002 KOFI COBBOLD 2003 BARIKISU UMAR 2004 DESMOND LAMPTEY 2005 MR. -
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. -
Darfin Weekly Issue 22
I S S U E 2 2 • A P R I L 2 0 2 1 THE DARFIN WEEKLY The latest from the world of Finance You are richer than you think! The concept of compound interest is the eighth wonder of the world. Shape your future with the right financial plan, as good advice goes a long way. Speak to Darfin Finance about your personal finances or your business finances. We offer attractive and realistic rates for Fixed/Term Deposits Accounts, Call Accounts, and Plan Investments Accounts for Projects; Educational Needs and for your Retirement needs. Call us on 055 822 9858 (cell and WhatsApp) or 0302 201 702, or visit us at www. darfinfinance.com, or locate our offices adjacent to the Tesano Baptist Church, 2/31 Nsawam Circle Road, or email us at [email protected] You could be richer than you think.! G H A N A R E A D Y T O B E T H E D A R F I N W E E K L Y T A K E N O F F E U A M L B L A C K L I S T – B O G I N T H I S S O U R C E : B & F T E D I T I O N The Head, Financial Stability at the Bank of Ghana (BoG), Dr. Joseph France, has disclosed that all is set Ghana ready to be taken off EU AML for Ghana to be removed from the European Union’s blacklist – BoG (EUs) list of countries with high levels of deficiencies in their Anti-Money Laundering (AML) and Counter Mechanical Lloyd to delist from Terrorist Financing (CTF) regimes. -
Market Review August 2017 Pent Assets
Market Review August 2017 Pent Assets cedis during the month compared to a scheduled Month’s Highlights: target of 5.73 billion cedis. The 91-day bill constituted ▪ IMF Approves One-Year Extension to Ghana’s the highest share of issued securities [with 54 percent] Credit Program. followed by the 5-year bond [with 29 percent] and 10- ▪ Bank of Ghana shuts two banks to protect year bond [with 10 percent]. financial stability. ▪ Ghana Stock Exchange suspends listing status of UT Bank Ltd indefinitely. ▪ Foreign Exchange Market The Ghana cedi remained largely stable in August. The currency weakened 0.6 percent month-on-month to 4.3994 per US dollar, yielding a year-to-date depreciation of 4.5 percent. The currency also lost 1.2 percent against the Euro but however gained 1.8 percent against the British Pound. Interbank Foreign Exchange August 2017 Month Chg. (%) YTD Chg. (%) USD/GHS 4.3994 -0.57% -4.53% GBP/GHS 5.6629 1.76% -8.24% EUR/GHS 5.2215 -1.23% -15.03% Equity Market Government Securities Market Ghana’s stock market remained optimistic in August. The benchmark GSE Composite Index gained 132.23 Yields on government of Ghana short-term treasury points [5.9 percent] to close the month at 2,389.01 securities generally made gains during August. The 91- points, extending year-to-date return to 41.4 percent. day bill gained 65 basis points (bps) to close the month at 13.19 percent, yielding a year-to-date decline of 324 bps whereas the 182-day bill gained 95 basis points to 13.93 percent. -
WEEKLY MARKET REVIEW 19 January 2018
DATABANK RESEARCH WEEKLY MARKET REVIEW 19 January 2018 ANALYST CERTIFICATE & REQUIRED DISCLOSURE BEGINS ON PAGE 4 GSE MARKET STATISTICS SUMMARY Current Previous % Change SCB Sustains Winning Streak All Week Databank Stock Index 36,323.60 35,021.65 3.72% GSE-CI Level 2,870.81 2,759.91 4.02% The equities market recorded impressive gains this week, fueled by price rallies in 12 counters. The Ghana Stock Market Cap (GH¢ m) 61,195.58 60,484.97 1.17% Exchange’s Composite Index increased by 110.90 points w/w to ~2,871 points while the Databank Stock Index shot YTD Return DSI 10.46% 6.50% up by 1,301.95 points w/w to ~36,324 points. The GSE-CI and Databank Stock Index have increased their year-date YTD Return GSE-CI 11.28% 6.98% returns to 11.28% and 10.46% respectively. Weekly Volume Traded (Shares) 1,742,847 792,082 120.03% Market activity on the Ghana Stock Exchange improved this week. The total volume of shares traded surged 120% Weekly Turnover (GH¢) 8,397,015 4,101,469 104.73% w/w to 1.74 million shares value~GH¢8.40 million. Avg. Daily Volume Traded 271,281 228,343 18.80% (Shares) The market ended this week’s trading session with 12 gainers and 3 laggards. Total Petroleum Ghana, the highest Avg. Daily Value Traded (GH¢) 1,223,341 969,973 26.12% gainer, advanced by 84Gp to GH¢5.05 while Ecobank Ghana increased by 61Gp to GH¢9.01. -
Mechanical Lloyd Company Limited Annual Report Year Ended 31 December 2013
MECHANICAL LLOYD COMPANY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2013 Mechanical Lloyd Company Limited Annual Report Year ended 31 December 2013 Contents Pages Corporate information 1 Financial highlights 2 Report of the directors 3 – 4 Corporate governance report 5 Report of the independent auditor 6 – 7 Financial statements: Income statement 8 Statement of comprehensive income 9 Statement of financial position 10 Statement of changes in equity 11 Statement of cash flows 12 Notes 13 – 38 Shareholders information 39 Mechanical Lloyd Company Limited Annual Report Year ended 31 December 2013 CORPORATE INFORMATION Directors Charles Bartels Kwesi Zwennes (Chairman) Terence Ronald Darko (Managing Director) Yaw Assah-Sam Charles Sydney Aidoo Napoleon Kpakpo Bulley Andrew Lawson Kofi Asamoah Kwesi Amonoo-Neizer (Appointed 20 March 2013) Secretary Caroline Darko Solicitor Gaisie Zwennes Hughes & Co Carlton House Anumansa Street Osu Re P. O. Box 3238 Accra Registered office No. 2 Adjuma Crescent Ring Road West South Industrial Area P O Box 2086 Accra Independent auditor PricewaterhouseCoopers Chartered Accountants No. 12 Airport City Una Home, 3rd Floor PMB CT42, Cantonments Accra, Ghana Registrars Merchant Bank (Ghana) Limited Registrar’s Department 57 Examination Loop, North Ridge P. O. Box 401 Accra Principal bankers Barclays Bank of Ghana Limited Stanbic Bank Ghana Limited Fidelity Bank (Ghana) Limited Merchant Bank (Ghana) Limited Standard Chartered Bank Ghana Limited Zenith Bank (Ghana) Limited 1 Mechanical -
Mechanical Lloyd Company Limited Annual Report and Financial Statements for the Year Ended 31 December 2015
MECHANICAL LLOYD COMPANY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 Mechanical Lloyd Company Limited Annual Report Year ended 31 December 2015 Contents Pages Corporate information 1 Financial highlights 2 Report of the directors 3 – 4 Corporate governance report 5 Report of the independent auditor 6 – 7 Financial statements: Statement of comprehensive income 8 Statement of financial position 9 Statement of changes in equity 10 Statement of cash flows 11 Notes 12 – 39 Shareholders information 40 Mechanical Lloyd Company Limited Annual Report Year ended 31 December 2015 CORPORATE INFORMATION Directors Charles Bartels Kwesi Zwennes (Chairman) Terence Ronald Darko (Managing Director) Yaw Assah-Sam Andrew Lawson Kofi Asamoah Kwesi Amonoo-Neizer Joseph Hyde Jnr Edward Kojo Annobil Kalysta Darko O’Kell Secretary Caroline Darko Solicitor Gaisie Zwennes Hughes & Co Carlton House Anumansa Street Osu Re P. O. Box 3238 Accra Registered office No. 2 Adjuma Crescent Ring Road West South Industrial Area P O Box 2086 Accra Independent auditor PricewaterhouseCoopers Chartered Accountants No. 12 Airport City Una Home, 3rd Floor PMB CT42, Cantonments Accra, Ghana Registrars Universal Merchant Bank Limited Registrar’s Department P. O. Box 401 Accra Principal bankers Barclays Bank of Ghana Limited Stanbic Bank Ghana Limited Fidelity Bank (Ghana) Limited Universal Merchant Bank Limited Standard Chartered Bank Ghana Limited Zenith Bank (Ghana) Limited Ecobank Ghana Limited 1 Mechanical Lloyd Company Limited Annual Report -
Daily Market Recap
MARKET REPORTS Daily Stock Market Recap: September 28, 2020 Market Highlights Indicator Previous Current Chg (%) Open Closing GSE-CI 1,834.47 1,856.56 1.20% Company Price ¢ Price ¢ Gain/Loss • The market opened the week on a positive not. The YTD (GSE-CI) -18.73% -17.75% Standard Chartered Bank Gh. 13.55 14.00 3.32% GSE-CI advanced by 1.20% due to gains in three GSE-FI 1,656.71 1,675.63 1.14% Ecobank Ghana Ltd. 6.85 7.00 2.19% counters in the banking and telecom sectors, to YTD (GSE-FI) -17.97% -17.03% Scancom PLC 0.60 0.61 1.67% close at 1,856.56 with a -17.75% year-to-date Mkt Cap (GH¢ M) 52,927.83 53,159.76 0.44% return. Market capitalization increased by 0.44% to Volume 12,023 371,664 2991.28% settle at GH¢53.16 billion. Value (GH¢) 6,634 572,668 8532.25% • Gains in Ecobank Ghana Ltd (+2.19%) and Standard Chartered Bank (+3.32%) pushed the GSE-FI up by Top Trades by Value GH¢ 1.14% to close at 1,675.63 with a -17.03% year-to- FML 220,688 date return. SCB 196,271 MTNGH 81,572 Trading Activity Jumped • A total of 371,664 shares valued at GH¢572,668 changed hands compared to 12,023 shares valued at Index YTD Performance (%) as at 28th September 2020 GH¢6,634 at the last session. • Fan Milk Ghana Limited dominated trading activity, 5.00 accounting for 38.54% of total value traded. -
Members' Profile
MEMBERS’ PROFILE The Leading Voice of the private sector MEMBERS’ PROFILE The Leading Voice of the private sector Members’ Profile | 3 1 DANPONG HEALTHCARE LTD 67 Nungua Link, Spintex Road, Baatsona, Accra-Ghana COMPANY PROFILE What has grown to become the Danpong Group of Companies started as Danpong Pharmacy (GH) Ltd in September 1989, when Dr. Yaw Adu Gyamfi (Dr. Danpong) formed his initial pharmacy supply company. He launched his first pharmacy shop at Nungua in 1991 with only eight workers, toiling from 7am to 11pm – and often after hours – to build a community pharmacy that was loved by the people of Nungua. In October 1999, Dr Gyamfi expanded his business and set up a bigger pharmacy, a 15-bed clinic, and a modern medical lab at Baatsona, on Spintex Dr. Yaw Adu Gyamfi Road. CEO Through hard work, the sale of quality drugs and high health standards, the Danpong Group became widely known, with loyal customers coming from the nearby community and even further afield, with many referrals from various clinics and hospitals in Ghana. In 2005, Dr Gyamfi also started Danadams Pharmaceuticals Ltd, which focused on manufacturing and selling antiretroviral agents for HIV treatment, and anti-malarial medications. 4 | Members’ Profile Throughout its existence, the Danpong Group has As a company, we are committed to a vision of been committed to promoting good health. In the raising the standard of healthcare in Ghana, where past few years, the company has organized various our services are motivated by quality, affordability, health campaigns and medical screenings for the accessibility, and excellence in all we do.