Audio By Carbonatix
Ecobank Transnational Incorporated (ETI) has so far stood out as the best performing stock on the Ghana Stock Exchange in terms of returns to investors.
According to the market's report released by managers, ECOBANK returned 73 percent to investors who bought into the company from January to August.
ETI's performance has come as a suprise to analysts following some challenging times the bank has been going through since 2013 and first three months of this year.
ETI really stood out among its peers, as most big companies on the market have seen their value go down substantially on the market,
SG-SSB topped the chart in terms of volumes traded on the market, with 4.6 million shares.
Standard Chartered Bank accounted for about a quarter of the value of shares traded, which stood at 5.9 billion Ghana cedis for the first seven months of 2014.
In all 205 million Ghana cedis worth of shares were traded on the stock exchange from January to August this year.
The report puts the value of the Ghana Stock Exchange at 61.2 billion Ghana cedis.
A source close to Ecobank told Joy Business the performance of the Bank is due to renewed confidence in ETI by investors .
Latest Stories
-
Barca agree ÂŁ69m-plus deal with Newcastle for Gordon
2 minutes -
Energy Minister cautions ECG engineers against politicising their work
6 minutes -
Cardio Lab Scientist advocates preventive healthcare after free screening exercise at New Achimota
10 minutes -
Ghana climbs to 17th globally in outsourcing competitiveness
14 minutes -
Quantum LC, Korle Bu Cardiothoracic Centre hold free health screening for staff, New Achimota residents
20 minutes -
HAKLA SC Vice President marks birthday with donation to Children’s home
6 hours -
Shatta Wo Maame T…?
7 hours -
Dr Kingsley Agyemang raises concerns over Ghana’s Ebola preparedness gaps
7 hours -
EPA arrests Gyetey Gye Nyame Mining PRO over alleged illegal mining at Nkroful
7 hours -
Weija traditional leaders support demolition of structures on waterways to curb flooding
7 hours -
UGCFL26: Wilmar Africa, the newcomers taking over Group B
7 hours -
Why Gordon Asare Bediako matters for NPP 2028’s communication
8 hours -
UPSA hosts 11th Business & Entrepreneurship Conference on ESG and Sustainability
8 hours -
Strong public confidence boosts Ghana’s drive towards local vaccine production
8 hours -
Strategy Execution for Results
8 hours