
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
-
GTEC list of unrecognised institutions in Ghana: Doxa, Debest, Faith University among 70+ flagged
3 minutes -
Unilever. Guinness. FanMilk. Kasapreko beat them all
4 minutes -
Trump asks Congress for $87.6bn for Iran war after Republican showdown
6 minutes -
Explorco to start Voltaian Basin oil drilling in 2026 as Sentuo refinery expands to 100,000 barrels per day
9 minutes -
GJA seeks legal guidance after journalist Larry Dogbey is jailed for contempt
16 minutes -
NPP refers petitions against Kennedy Agyapong to disciplinary committee
17 minutes -
Families lay flowers on barbed wire barricade on anniversary of deadly Kenya protests
20 minutes -
Ryanair says it will reluctantly not charge parents to sit next to children
31 minutes -
Sentuo Refinery expansion to drive petrochemical and industrial investment — Trade Minister
48 minutes -
Rawlings legacy demands institutional discipline, not symbolism — Opong-Fosu
49 minutes -
Chaos erupts at NPP NEC meeting as security clash with ‘Ken Must Go’ protesters (Video)
55 minutes -
Sedina Tamakloe was not in prison custody until June 24 — Minority
59 minutes -
Police arrest 13 suspected drug peddlers in Kumasi anti-narcotics crackdown
59 minutes -
The rules are ready the people are not: Why continuous professional development will define financial industry’s future
1 hour -
Fire destroys distribution truck and cargo in Assin Fosu
1 hour