Audio By Carbonatix
The Ghana Stock Exchange recorded a 24 percent return for last year. In other words, investors who bought securities on the bourse between January and December 2012 realized that margin of appreciation in the value of their shares.
According to the 2012 market report secured by Joy Business, the 24 percent return was slightly better than what you would have secured on your bank deposits and other investment instruments like treasury bills.
From January to December last year the value of shares traded was put at 102 million Ghana cedis, while the volume of shares that exchanged hands came to 218 million.
This performance was however not good compared to the same period in 2011.
Financial stocks still came up as the most active in terms of the number of transactions executed. Nearly half of the dealings involved financial stocks, followed by food and beverages.
Shares of CAL Bank were the most sought after by investors as it lead the market in terms of the number of stocks that exchange hands, while Ghana Commercial Bank led the pack when it came to the value of shares traded.
Meanwhile, shares of GOIL came up as the best performing stock in terms of returns. Investors who bought into GOIL from January to December last year realize nearly 94 percent.
The Ghana Stock Exchange now worth 57.2 billion Ghana cedis in terms of the value of companies listed.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
(Photos) Mfantsipim School launches historic 150th anniversary
8 minutes -
Knights and Ladies of Marshall group backs Catholic Bishops’ stance on anti-LGBTQ+
1 hour -
Bright Simons writes: All the Filla in the Ibrahim Mahama/E&P – Gold Fields Saga
1 hour -
Monetise Idiocy In Ghana
2 hours -
The Ghanaian prophet and the mysterious death of his scottish wife Charmain Speirs
2 hours -
Nearly 400 sentenced in Nigeria for links to militant Islamists
3 hours -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
3 hours -
Methodist Church hails Mfantsipim@150; calls for “fresh consecration” to excellence
3 hours -
‘Excellence is our inheritance’ – Nana Sam Brew-Butler hails Mfantsipim’s 150-year reign in leadership
3 hours -
Kwaku Azar writes: A-G vs OSP
3 hours -
Mfantsipim–Adisadel rivalry built excellence, not division – Sam Jonah
4 hours -
Vice President launches Mfantsipim’s 150 years of shaping Ghana’s greatest mind
4 hours -
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
5 hours -
Barcelona dominate derby to extend La Liga lead
5 hours -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
5 hours