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Guin January 6, 2017

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Guin January 6, 2017 January 6, 2017 GSE MARKET STATISTICS SUMMARY Weekly Stock Market Review % 10 Counters Push Up Indices to Impressive New Year Start: The equities Current Previous Change market ended the first trading week of 2017 on a high note, lifted by price Databank Stock Index 22,451.43 22,332.88 0.53% gains recorded in 10 counters. The Ghana Stock Exchange’s Composite Index GSE-CI Level 1,699.42 1,689.09 0.61% (GSE-CI) grew by 10.33 points w/w to ~1,699 points, while the Databank Stock Index gained 118.55 points w/w to ~22,451 points. The year to date returns of Market Cap (GH¢ m) 52,756.81 52,690.99 0.12% the GSE-CI and the Databank Stock Index stand at 0.61% and 0.53% YTD Return DSI 0.53% - respectively. YTD Return GSE-CI 0.61% - Market activity was vibrant this week, owing largely to block trades in Weekly Volume Traded (Shares) 4,342,761 657,326 560.67% Guinness Ghana Breweries and Fan Milk. The aggregate volume of shares Weekly Turnover (GH¢) 13,153,489 383,264 3,331.97% traded surged by ~561% w/w to ~4.34 million shares. These trades, which Avg. Weekly Volume Traded occurred across 21 counters, were valued at ~GH¢13.15 million. 20,779 - (Shares) The Ghana Stock Exchange recorded a positive market breadth w/w: 10 Avg. Weekly Value Traded (GH¢) 62,935 - No. of Counters Traded 21 22 gainers to 3 laggards. Standard Chartered Bank led the gainers chart. The counter advanced by 12Gp to GH¢12.30. Ecobank Ghana followed suit with a No. of Gainers 10 8 10Gp gain to GH¢6.50. GCB Bank increased by 7Gp to GH¢3.63 while Fan Milk No. of Laggards 3 1 climbed up by 6Gp to GH¢11.20. Societe General Ghana and Total Petroleum edged up 4Gp each to 66Gp and GH¢2.02 respectively. CAL Bank and Ghana Oil Company notched up by 2Gp each to 77Gp and GH¢1.12 respectively. KEY ECONOMIC INDICATORS Aluworks and SIC Insurance Company inched up by 1Gp each to 15Gp and 13Gp respectively. Fixed Income Market Current Previous Change Guinness Ghana Breweries on the contrary tumbled by 13Gp to GH¢1.50. 91-Day Treasury Bill 16.75% 16.43% +32bps Ayrton Drug Manufacturing and PZ Cussons Ghana followed, shedding 2Gp 182-Day Treasury Bill 17.91% 17.64% +27bps each to 10Gp and 20Gp respectively. 1-Year Treasury Note 20.50% Next Week’s Stock Market Outlook Daily Global Commodity Prices (As at 06-Jan-2017) Cocoa ($/mt) 2,262.0 2,165.0 +4.48% Next week, we forecast subdued market activity on the floor of the Ghana Stock Exchange, with trades in CAL Bank and Ecobank Transnational Inc. Brent Crude Oil ($/bl) 56.77 57.13 -0.63% projected to account for the larger portion of market activity. Gold ($/oz) 1,174.60 1,160.50 +1.21% Daily Interbank Exchange Rate (As at 06-Jan-2017) GCB Bank, Standard Chartered Bank and Total Petroleum are projected to USD/GHS 4.2150 4.2002 -0.35%(DPN) gain some pesewas in the week ahead, boosted by strong demand from the retail segment of the market and some institutional investors. GBP/GHS 5.1965 5.1965 +0.00%(no change) CAL Bank on the contrary is tipped to shed some pesewas weighed down by EUR/GHS 4.4490 4.4367 -0.28%(DPN( the excess supply of its shares in the market. Monthly Consumer Inflation (y/y) The Ghana Stock Exchange’s Composite Index, Financial Stocks Index and the Headline (Nov-16) 15.5% 15.8% -30bps Databank Stock Index are all projected to end the week on a higher level Food Inflation 9.3% 8.7% +60bps ridding on the expected price increase in GCB Bank and Standard Chartered Non-Food Inflation 18.7% 19.4% -70bps Bank. Guin Gainers & Laggards Gainers & Laggards Top Gainers Worst Laggards Top Gainers Worst Laggards Price Gains Change Price Loss Change Counters Price Gains Change Counters Price Loss Change Counters (GH¢) (GH¢) (%) Counters (GH¢) (GH¢) (%) (GH¢) (GH¢) (%) (GH¢) (GH¢) (%) Standard Chartered Bank 12.30 0.12 0.99 Guinness Ghana Breweries Ltd 1.50 -0.13 -7.98 Ecobank Ghana Ltd 6.50 0.10 1.56 PZ Cussons Ghana Ltd 0.20 -0.02 -9.09 GCB Bank Ltd 3.63 0.07 Most1.97 Active CountersAyrton Drug Manufacturing 0.10 -0.02 -16.67 Price Value Traded Price Top Traders by Value Top Traders by Volume Volume Traded (GH¢) (GH¢) (GH¢) Price Value Traded Price Top Traders by Value Top Traders by Volume Volume Traded (GH¢) (GH¢) (GH¢) Fan Milk Ltd 11.20 8,890,011 Guinness Ghana Breweries Ltd 1.50 2,366,651 Guinness Ghana Breweries Ltd 1.50 3,586,642 Fan Milk Ltd 11.20 793,809 Ecobank Ghana Ltd 6.50 285,125 UT Bank Ltd 0.03 428,253 CAL Bank Ltd 0.77 128,106 Ecobank Transnational Inc 0.10 408,993 Sources:Total Petroleum Databank Ghana Research, Ltd Ghana Stock2.02 Exchange, Bank121,578 of Ghana, GhanaCAL Statistical Bank Ltd Service, Bloomberg 0.77 166,288 Sources: Databank Research, Ghana Stock Exchange, Bank of Ghana, Ghana Statistical Service, Bloomberg ANALYST CERTIFICATIONS AND REQUIRED DISCLOSURES BEGIN ON PAGE 4. 1 Dividend Announcement Press Releases Dividend Ex-Dividend Qualifying Payment Ticker per Share Ticker News Source Date Date Date Date (GHS) Resume in the trade of UT SCB Ghana Effective 9th Bank shares due to the non- Preference 0.0714 22/02/2017 24/02/2017 30/03/2017 UTB Stock January, submission of financial Share Exchange 2017 results to the market Mr Yeo Ziobeieton appointed Ghana Effective 1st UNIL Managing Director of Stock January, Unilever Ghana Ltd. Exchange 2017 23rd January, Bank of MPC MPC Meeting 2017 Ghana 11:00am AFRICA: DAILY MARKET PERFORMANCE YTD Policy Exchange YTD Change Country Index Name Year Open Current Level Change% Inflation Rate% Rate% Rate/USD Exchange Rate 9,398.57 9,389.34 -0.10% 2.90% (Nov-2016) 5.50% 10.63 +0.21% Botswana BSE-DCI 292.17 280.28 -4.07% 0.40% (Nov-2016) 3.50% 619.50 +0.56% Cote d’Ivoire BRVM CI 12,344.89 12,824.32 3.88% 19.40% (Nov-2016) 14.75% 18.17 +0.56% Egypt EGX 30 1,689.09 1,699.42 0.61% 15.50% (Nov-2016) 25.50% 4.2150 -0.35% Ghana GSE-CI 133.34 129.76 -2.68% 6.35% (Dec-2016) 10.00% 103.47 -0.95% Kenya NSE ASI 13,320.51 13,359.63 0.29% 19.90% (Nov-2016) 24.00% 725.29 -0.04% Malawi MASI 1,808.37 1,803.17 -0.29% 2.20 % (Nov-2016) 4.00% 36.05 +0.15% Mauritius SEMDEX 11,503.51 12,587.03 9.42% 1.90% (Nov-2016) 2.25% 10.12 +0.49% Morocco MASI 1,090.85 1,066.37 -2.24% 7.30% (Nov-2016) 7.00% 13.65 -0.21% Namibia NSX 01 26,874.62 26,251.39 -2.32% 18.48% (Nov-2016) 14.00% 304.50 0.00% Nigeria NGSE ASI 50,653.54 51,216.00 1.11% 6.60% (Nov-2016) 7.00% 13.69 -0.42% South Africa JSE ASI 2,198.40 2,144.63 -2.45% 4.80% (Nov-2016) 12.00% 2,180.87 -0.38% Tanzania DSE ASI 5,488.77 5,546.64 1.05% 4.00% (Nov-2016) 4.25% 2.25 +4.09% Tunisia TUNINDEX 1,477.39 1,492.86 1.05% 5.70% (Dec-2016) 14.00% 3,629.54 -0.58% Uganda USE ASI 4,195.95 4,093.34 -2.45% 7.50% (Dec-2016) 15.50% 10,000.00 -1.03% Zambia LUSE ASI 2 RESEARCH CONTACTS OFFICES Alex Boahen Head Office: [email protected] 61 Barnes Road Adabraka, 0302-610610 Ext 1601 PMB MPO, Accra, Ghana Tel : (+233 -302) 610 610 Afua Dankwa Mensa-Bonsu Fax : +233 (0)30 268 1443 [email protected] Email: [email protected] 0302-610610 Ext 1602 Kumasi Office: Michael Asafo-Boakye Jnr. Databank Brokerage Ltd, michael,[email protected] Retail Services Division 0302-610610 Ext 1604 House of Excellence – Adum, Kumasi PMB Central Post Office – Adum, Kumasi Courage Kingsley Martey Tel: (+233-3220) 81483, 80077 [email protected] Email: [email protected] 0302-610610 Ext 1605 Tema Office: Meridian Plaza, Room 201 & 202, 2nd Floor, Community 1, Tema SALES AND TRADING CONTACTS Tel: (+233- 303) 213240, 210050 ArmahAkotey Fax: (233-303) 203438 [email protected] Email: [email protected] 0302-610610 Ext 1700 Takoradi Office: SSNIT Office Complex, Equities 1st Floor, Room 208 Nene Nartey Tel: (+233- 3120) 23628, 25465 [email protected] Fax: (233-3120) 21653, 25075 0302-610610 Ext 1702 Email: [email protected] Banjul Office: Fixed Income 2nd Floor, Trust Bank Building, EdwigeYamoah Westfield Junction, [email protected] P.O Box 3189, Serrekunda, 0302-610610 Ext 1701 The Gambia Tel: (+220) 4378014, DavidaNyako Fax: (+220) 4378016 [email protected] Email: [email protected] 0302-610610 Ext 1705 Monrovia Office: One Urban Plaza, Tubman Boulevard Sinkor, Monrovia, Liberia Partner locations (GTBank branches) Airport: 0577 702012 East Legon: 0577 702013 Lapaz: 0577 739461 Madina: 0577 739462 Osu: 0577 702014 Ashaiman: 0577 702015 Cape Coast: 0577 702016 Tamale: 0577 702017 Tarkwa: 0577 702010 3 Research Disclosure NOTICE TO U.S. INVESTORS This report was prepared, approved, published and distributed by DATABANK BROKERAGE LIMITED Company located outside of the United States (a non-US Group Company”).
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