WEEKLY MARKET REVIEW 6 October 2017
Total Page：16
File Type：pdf, Size：1020Kb
Load more
Recommended publications
-
2016 Annual Aggregate Report
2016 REPUBLIC OF GHANA MINISTRY OF FINANCE, GHANA SOE ANNUAL AGGREGATE REPORT Table of Contents ACRONYMS ..................................................................................................................................................................................................... 2 ACKNOWLEDGEMENT ..................................................................................................................................................................................... 3 FOREWORD ..................................................................................................................................................................................................... 4 STATEMENT FROM EXECUTIVE CHAIRMAN, STATE ENTERPRISES COMMISSION (SEC) .................................................................................. 5 EXECUTIVE SUMMARY .................................................................................................................................................................................... 6 1 INTRODUCTION ...................................................................................................................................................................................... 7 2 OVERVIEW OF THE SOE SECTOR ............................................................................................................................................................ 8 3 CONTRIBUTION OF THE SOE SECTOR .................................................................................................................................................... -
Guin April 28, 2017
April 28, 2017 GSE MARKET STATISTICS SUMMARY Weekly Stock Market Review GSE-CI Extends Gains: The equities market ended the week in the positive Current Previous % Change territory anchored on price gains in 8 counters. The Ghana Stock Exchange’s Databank Stock Index 24,800.75 24,672.90 0.52 Composite Index (GSE-CI) gained 10.37 points w/w to ~1,896 points, while GSE-CI Level 1,896.13 1,885.76 0.55 the Databank Stock Index surged by 128 points w/w to ~24,800 points. The Market Cap (GH¢ m) 58,822.68 48,778.78 20.59 year to date returns of the GSE-CI and the Databank Stock Index stand at YTD Return DSI 11.05% 10.48% 12.26% and 11.05% respectively. YTD Return GSE-CI 12.26% 11.64% Weekly Volume Traded (Shares) 2,142,471 1,812,263 18.22 A block trade in Ecobank Transnational Inc. propelled the volume of shares Weekly Turnover (GH¢) 2,785,677 1,639,744 69.88 traded by ~17% w/w to ~2.1 million shares. These trades, which occurred Avg. Weekly Volume Traded (Shares) 1,059,295 1,049,043 0.98 across 22 counters, were valued at ~GH¢2.7 million. Avg. Weekly Value Traded (GH¢) 1,473,386 1,460,057 0.91 The market breadth of the Ghana Stock Exchange was positive w/w: 8 No. of Counters Traded 22 21 gainers to 3 laggards. Unilever Ghana increased by 15Gp to GH¢9.05. Access No. of Gainers 8 6 Bank Ghana moved up 10Gp to GH¢4.00. -
PRESS RELEASE PR. No 034/2019 GHANA OIL COMPANY LIMITED (GOIL) ANNUAL REPORT and CONSOLIDATED FINANCIAL STATEMENT for the YEAR
PRESS RELEASE PR. No 034/2019 GHANA OIL COMPANY LIMITED (GOIL) ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2018 GOIL has released its Annual Report and Consolidated Financial Statements for the year ended December 31, 2018 as per the attached. Issued in Accra, this 9th day of April, 2019 - E N D – att’d. Distribution: 1. All LDMs 2. General Public 3. Company Secretary, GOIL 4. MBG Registrars, (Registrars for GOIL shares) 5. Custodians 6. Central Securities Depository 7. Securities and Exchange Commission 8. GSE Council Members 9. GSE Notice Board For enquiries, contact: Head Listing, GSE on 0302 669908, 669914, 669935 *GA GHANA OIL COMPANY LIMITED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2018 GHANA OIL COMPANY LIMITED ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 CONTENTS PAGE COMPANY INFORMATION 1 REPORT OF THE DIRECTORS 2 - 3 REPORT OF THE AUDITOR 4 - 7 STATEMENT OF COMPREHENSIVE INCOME 8 STATEMENT OF FINANCIAL POSITION 9 STATEMENT OF CHANGES IN EQUITY 10 STATEMENT OF CASH FLOWS 11 GENERAL INFORMATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 12 - 26 OTHER NOTES TO THE FINANCIAL STATEMENTS 27 - 40 GHANA OIL COMPANY LIMITED COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2018 BOARD OF DIRECTORS: Hon. Peter Kwamena Bartels - Chairman Mr. Patrick Akpe K. Akorli - Group CEO/MD Mr. Thomas Kofi Manu - Member Hon. Kwame Osei-Prempeh - Member Mr. Beauclerc Ato Williams - Member Mrs. Beatrix Agyeman Prempeh - Member Mr. Robert Owusu Amankwah - Member Mrs. Rhoderline Baafour-Gyimah - Member Mr. Stephen Abu Tengan - Member SECRETARY: Nana Ama Kusi-Appouh AUDITOR: PKF Chartered Accountants Farrar Avenue P.O. -
Good Energy Contents Contents
ANNUAL REPORT AND 2014 FINANCIAL STATEMENTS Good energy contents contents 02 Company Information 03 Notice of 46th Annual General Meeting 04 Resolutions to be passed at the Annual General Meeting 05 Profile of New Directors to be Elected 06 Board of Directors 07 Address by Chairman 10 Management Team 11 Report of the Directors on The Financial Statements 13 Corporate Governance 14 Disclosure Requirements 16 Independent Auditor's Report 18 Statement of Comprehensive Income 19 Statement of Financial Position 20 Statement of Changes in Equity 21 Statement of Cash Flow 22 Notes to The Financial Statements 43 Proxy Form GOIL Annual Report & Financial Statements 2014 Company Information Notice of 46th Annual General Meeting BOARD OF DIRECTORS Prof. William A. Asomaning – Chairman NOTICE IS HEREBY GIVEN that the 46th Annual General Meeting of the Shareholders of Ghana Oil Mr. Patrick Akpe Kwame Akorli – Managing Director Company Limited will be held at the Auditorium, College of Physicians and Surgeons, Ridge, Accra on Hon. Nii Laryea Afotey-Agbo – Member Thursday, 30th April, 2015 at 11:00 am for the transaction of the following business: Nana Esuman Kwesi Yankah – Member Mr. Eugene Akoto-Bamfo – Member Mr. Chris A-Ackummey – Member AGENDA Mad. Faustina Nelson – Member Mr. Thomas Kofi Manu – Member ORDINARY BUSINESS Hon. Kojo Bonsu – Member 1. To receive and consider the reports of the Directors and the Auditors and the Financial Statements of the Company for the year ended December 31, 2014. 2. To declare a dividend for the year ended December 31, 2014. SECRETARY Mr. Stephen Y. Gyaben 3. To elect Directors to replace retiring Directors. -
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. -
2012-Edition-GC100-Directory.Pdf
2012 2012 DIRECTORY DIRECTORY NAME OF COMPANY BUSINESS CATEGORY LOCATION ADDRESS TELEPHONE FAX/E-MAIL/WEBSITE CONTACT PERSON TITLE 7 Dr. Amilcar Cabral Road, Accra (233-302) 770189/90/91 “(233-302) 770187 1 Abosso GoldFields Limited Mining Institution Airport Residential Area P. O. Box KA 30742 www.goldfields.co.za” Alfred Baku Managing Director Accra Banking Services [email protected] Head, Corporate 2 Acces Bank (Ghana) (Commercial & Merchant) “Starlets ‘91 Road “P. O. Box GP 353 Osu- Accra” (233-302) 684860 / 742699 www.accessbankplc.com/gh Matilda Asante-Aseidu Communications (233-302) 2688960 3 Accra Brewery Manufacturing - Beverages Opp. Ohene Djan Staduim” P. O. Box GP351 (233-302) 688851-6 [email protected] Gregory Metcalf Managing Director www.sabmiller.com (233-302) 685176 4 Activa International Insurance Company Non-Banking-Insurance Graphic Road, Adabraka PMB KA 85 (233-32) 686352 / 672145 [email protected] Limited www.group-activa.com “P. O. Box 35 Banking Service-Rural & 3rd Floor Heritage Tower, 6th Ave. West (233-322) 420926 / 90099 Lucy Opoku-Arthur Ag General Manager 5 Adansi Rural Bank Limited Community Banking Ridge, Accra Fomena-Adansi” Banking Services-Rural & 6 Adonten Community Bank Limited Community Banking Head Office: Fomena - Adansi P.O.Box 140 3420-24109/027-895636/027-7609343 3420-26780 [email protected] Mr.Francis Mensah Senior Manager Banking Services-Rural & 7 Ahantaman Rural Bank Limited Community Banking New Tafo, Akyem, Eastern Region P. O. Box 41, Ahanta (233-312) 23431 / 21016 (233-312)29116 David Bampoe General Manager Banking Services-Rural & 8 Amanano Rural Bank Limited Community Banking Agona Ahanta,Western Region P. -
Databank Brokerage
January 20, 2017 GSE MARKET STATISTICS SUMMARY Weekly Stock Market Review % Current Previous Equities Market Sustains 2017 Winning Streak: The equity market indices Change ended the week on a higher level, bolstered by price gains recorded in 5 Databank Stock Index 23,183.38 22,895.51 1.26 counters. The Ghana Stock Exchange’s Composite Index (GSE-CI) grew by GSE-CI Level 1,759.27 1,735.67 1.36 23.60 points w/w to ~1,759 points, while the Databank Stock Index advanced by 287.87 points w/w to ~23,183 points. The GSE-CI and the DSI Market Cap (GH¢ m) 53,939.56 53,588.83 0.65 YTD Return DSI 3.81% 2.52% have recorded year to date gains of 4.16% and 3.81% respectively. YTD Return GSE-CI 4.16% 2.76% Activity on the Ghana Stock Exchange slowed down w/w, despite a block Weekly Volume Traded (Shares) 1,722,062 10,755,428 -83.99 trade in UT Bank. The aggregate volume of shares traded tumbled by ~84% Weekly Turnover (GH¢) 3,089,962 1,634,768 89.02 w/w to ~1,722,062 shares. These trades, which occurred across 23 counters, Avg. Weekly Volume Traded were valued at ~GH¢3,089,962. 80,480 72,240 11.41 (Shares) The market breadth of the Ghana Stock Exchange remained positive w/w: 5 Avg. Weekly Value Traded (GH¢) 85,542 70,757 20.90 No. of Counters Traded 23 22 gainers to 1 laggard. Standard Chartered Bank emerged the top gainer, with a 60Gp increase to GH¢12.90. -
WEEKLY MARKET REVIEW 8 March 2019
DATABANK RESEARCH WEEKLY MARKET REVIEW 8 March 2019 ANALYST CERTIFICATE & REQUIRED DISCLOSURE BEGINS ON PAGE 4 GSE MARKET STATISTICS SUMMARY Current Previous % Change Weekly Market Review Databank Free Float Index (DSI-20) 111.92 111.68 0.21% At the end of this week’s trading sessions, the Ghana GSE-CI Level 2,476.55 2,482.10 -0.22% Stock Exchange (GSE) recorded 10 price changes: 4 Market Cap (GH¢ m) 59,971.27 60,227.38 -0.43% YTD Return DSI-20 -4.88% -5.08% advancers and 6 decliners. The gainers for the week were YTD Return GSE-CI -3.72% -3.50% Ecobank Ghana (+10.24% w/w, GH¢7.75), GCB Bank Weekly Volume Traded (Shares) 4,899,415 1,963,159 149.57% (+8.26% w/w, GH¢3.80), Enterprise Group (+2.29% w/w, Weekly Turnover (GH¢) 3,905,685 12,076,818 -67.66% GH¢2.23) and Camelot (+11.11% w/w, GH¢0.10). Societe Avg. Daily Volume Traded (Shares) 372,148 290,938 27.91% Generale (-8.16% w/w, GH¢0.90), Total Petroleum (- Avg. Daily Value Traded (GH¢) 778,082 759,192 2.49% 1.53% w/w, GH¢4.52), Cal Bank (-2.91% w/w, GH¢1.00) No. of Counters Traded 16 22 and MTN Ghana (-2.70% w/w, GH¢0.72) were the top No. of Gainers 4 5 laggards. No. of Laggards 6 6 Trading activity slackened this week. Total Market Turnover for the week slowed ~68% w/w to ~GH¢3.91 KEY ECONOMIC INDICATORS million. -
Quarterly Financial Markets Report
Quarterly Financial Markets Report Second Quarter 2016 Global Economic Highlights Highlighted by UK’s vote to leave the EU, weak demand, high unemployment levels, financial frailties and geopolitical risks, the global economic environment continued to be plagued by weakened growth prospects in the last three months. The late June U.K. referendum to leave the European Union sent shock waves across the globe, leaving global financial markets in turmoil. The equity markets fell sharply and the British Pound plunged 8.4% and 12.5% against the U.S. Dollar and Japanese Yen, respectively. The value of the British Pound against the US Dollar was at its lowest in the past 31 years. Reassurance on support from the central bank saw the economy enjoying some reprieve as the financial markets rebounded partially in fragments. With manufacturing growth stalling over the past year and construction figures weakening markedly in June, U.K. growth continued to be driven primarily by the services sector. The rate of Consumer Price Inflation (CPI) remained low at around 0.3% partly due to relatively subdued global demand growth. Both Standard & Poor’s, and Fitch on the back of the foregoing downgraded U.K’s credit ratings. With a lift from the European Central Bank’s stimulus cut, low energy prices and a rebound in consumer spending, figures from the 19-nation bloc were impressive before the Brexit, with GDP rising by 0.6% in Q1 2016 despite a backdrop of the global market turmoil at the start of the year. However, questions about the EU’s stability and the potential for an economic downturn after Britain’s surprise exit from the EU dominated the centre stage in the Eurozone at the end of the second quarter. -
Guin February 24, 2017
February 24, 2017 GSE MARKET STATISTICS SUMMARY Weekly Stock Market Review The Bulls Strengthen Hold on Market: The equities market closed in the green, Current Previous % Change bolstered by price gains in 7 counters. The Ghana Stock Exchange’s Composite Databank Stock Index 24,329.82 23,771.80 2.35 Index gained 47.63 points w/w to ~1,857 points, while the Databank Stock Index GSE-CI Level 1,857.10 1,809.47 2.63 soared by 558.02 points w/w to ~24,330 points. The year to date returns of the Market Cap (GH¢ m) 52,310.92 52,207.86 0.20 GSE-CI and the Databank Stock Index are at 9.95% and 8.94% respectively. YTD Return DSI 8.94% 6.44% YTD Return GSE-CI 9.95% 7.13% Market activity declined this week as volume traded tumbled by ~50% w/w to 921,507 shares. These trades which occurred across 23 counters were valued at Weekly Volume Traded (Shares) 921,507 1,844,595 -50.04 ~GH¢4.55 million. Weekly Turnover (GH¢) 4,555,231 7,104,610 -35.88 Avg. Weekly Volume Traded (Shares) 861,281 856,871 0.51 The equities market ended the week with 7 gainers to 3 laggards. Standard Chartered Bank topped the gainers chat, surging by GH¢1.07 w/w to GH¢14.46. Avg. Weekly Value Traded (GH¢) 1,246,575 1,226,105 1.67 GCB Bank followed suit, gaining 48Gp to GH¢4.88. Benso Oil Palm Plantation No. -
Ghana National Petroleum Corporation List of Registered Service Companies with Permit
GHANA NATIONAL PETROLEUM CORPORATION LIST OF REGISTERED SERVICE COMPANIES WITH PERMIT OWNERSHIP START DATE OF EXPIRY DATE OF 1st Renewal COUNT SERIAL NO. NAME OF COMPANY ADDRESS CONTACT NUMBER RANGE OF SERVICES PROPOSED STRUCTURE PERMIT PERMIT (expiry date) Industrial area Extension road, Ronfort Provision of 3rd party labour (On/Offshore), Office/warehouse Ghanaian co. with more Foundation Int., Takoradi Tel: 0243-431805 rental, full fabrication facilities, marine engineering, repairs and than 50% Ghanaian 1 001108 Seaweld Engineering Ltd. P. O. Box 574 Tema. Email: [email protected] maintenance, Tank cleaning, procurement, handling of waste. ownership 1-Sep-08 31-Aug-09 28-Dec-10 Thokey House, Comm4, Opposite SEGECO Tel: 022-205557 Logistics, Labour supply, Catering, Marine supply vessels, Car rental, Ghanaian co. with more Flats. Fax:022-205558 Pipe yard/Warehouse, Shipping agency, clearing & forwarding Crude oil than 50% Ghanaian 2 002108 Menergy (Ghana) Limited P. O. Box CO2932, Tema Email: [email protected] brokerage&lifting ownership 1-Sep-08 31-Aug-09 31-Aug-10 Tel: 022-302474, 022-302291 Plot A/34/4, Steel works Road, Heavy Fax:022302474 Ghanaian co. with more Industrial Area, Tema. Email:[email protected] / Importation of Chesterton Products, Maintenance of Chesterton's plants, than 50% Ghanaian 3 003108 Gulf Engineering Services Ltd P. O. Box CO 1642, Tema [email protected] machinery and equipment. ownership 1-Sep-08 31-Aug-09 Logistical services related to import and export of oilfield equipment, principally handling of sea and airfreight, transportation of materials, Ghanaian co. with more Commercial Warehouse Road, Main warehousing, storage, ship agency services, meet and greet, aircraft than 50% Foreign 4 004108 SDV Ghana Limited Harbour Area, P. -
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.