
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
-
Tesla crash that killed a woman under US federal investigation
3 hours -
Millions of iCloud users could claim share of £3bn after Apple case given UK green light
3 hours -
Argentina’s Alvarez wants to leave Atletico Madrid
3 hours -
Germany defender Schlotterbeck out of World Cup
3 hours -
Ex-Wimbledon champion Vondrousova given four-year ban
3 hours -
Man City close in on appointing Maresca as manager
4 hours -
World Cup: Fans delayed entry as bad weather affects France-Iraq tie
4 hours -
From retirement to records – another immortal Messi moment
4 hours -
World Cup: Record-making Messi scores twice as Argentina progress
4 hours -
Madueke’s remarkable season – from petition to World Cup starter
4 hours -
World Cup: Iran leave note asking for peace after Belgium draw
4 hours -
Doku returning to World Cup after birth of first child
4 hours -
WhatsApp to be led by Indian start-up founder as Will Cathcart steps back
5 hours -
Clive Davis, music mogul behind Whitney Houston and Bruce Springsteen, dies aged 94
5 hours -
Red heat alerts issued in France, Italy and Spain as 40C temperatures forecast
5 hours