By Kofi Ahovi
Sixteen listed equities on the Ghana Stock Exchange (GSE) were merely affected by the market correction during the first half of this year spanning from January to the end of June.
These include Accra Brewery Limited(ABL), Ayrton Drugs, Clydestone, Camelot, Cocoa Processing Company (CPC), Golden Star Resources (GSR), Golden Web (GWEB), Home Finance Company (HFC), Mechanical Lloyd (MCL), Produce Buying Company (PBC), Pioneer Kitchenware Limited (PKL), Standard Chartered Bank (SCB) preference share, Starwin Product Limited (SPL), Sam Wood Limited (SWL), Trust Bank Limited (TBL) and TOTAL.
During the same period no stock actually recorded any substantial gain but 15 listed equities recorded losses.
CAL Bank was the hardest hit when its share price fell from GH¢0.60 to GH¢0.20 representing -66.6%. It was followed by SG-SSB which fell from GH¢1.35 to GH¢0.46 representing -65.9%.
Ecobank Transnational Incorporated (ETI) also loss GH¢0.29 when its share price fell from GH¢0.45 to GH¢0.16 representing -64%. Ecobank Ghana also loss GH¢2.44 when its share price dropped significantly from GH¢4.50 to GH¢2.06 representing -54%.
Ghana Commercial Bank (GCB) was not spared as its share price also dropped from GH¢1.10 to GH¢0.54 (-51%).
SIC, the second insurance company on the bourse recorded -46% growth when its share price slipped from GH¢0.50 to GH¢0.27 during the period under review. Ghana Oil Company limited (GOIL) followed with a loss of GH¢0.13 after its share price dipped from GH¢0.32 to GH¢0.19 representing -40.6%.
Fan Milk Limited (FML) recorded a negative growth of 38% when its share price fell from GH¢4.50 to GH¢2.80.
Guinness Ghana Brewery Limited (GGBL) trailed with a negative growth of 37% after its share price fell to GH¢1.26 from GH¢2. Benso Oil Palm Plantation (BOPP) recorded -33% growth. It started the year with a share price of GH¢1.0 then later fell to GH¢0.67 losing GH¢0.33.
CFAO also loss GH¢0.01 after its share price fell to GH¢0.03 from GH¢0.04 representing -25%.
Aluworks (ALW) recorded a negative growth of 18% during the same period. Its share price fell from GH¢0.61 to GH¢0.50.
Enterprise Insurance Company (EIC) also recorded a negative growth of 16% as its share price dipped from GH¢3.14 to GH¢2.63.
Uniliver also succumbed to the market correction as its share price fell from GH¢4.0 to GH¢3.49 losing GH¢0.51 representing -12%.
AlgloAshanti Limited recorded a loss of GH¢0.04 representing -11.4% after its share price fell from GH¢0.35 to GH¢0.31.
Standard Chartered Bank (SCB) was the least affected as it recorded -3.3% when its share fell from GH¢30 to GH¢29.
Sixteen listed equities on the Ghana Stock Exchange (GSE) were merely affected by the market correction during the first half of this year spanning from January to the end of June.
These include Accra Brewery Limited(ABL), Ayrton Drugs, Clydestone, Camelot, Cocoa Processing Company (CPC), Golden Star Resources (GSR), Golden Web (GWEB), Home Finance Company (HFC), Mechanical Lloyd (MCL), Produce Buying Company (PBC), Pioneer Kitchenware Limited (PKL), Standard Chartered Bank (SCB) preference share, Starwin Product Limited (SPL), Sam Wood Limited (SWL), Trust Bank Limited (TBL) and TOTAL.
During the same period no stock actually recorded any substantial gain but 15 listed equities recorded losses.
CAL Bank was the hardest hit when its share price fell from GH¢0.60 to GH¢0.20 representing -66.6%. It was followed by SG-SSB which fell from GH¢1.35 to GH¢0.46 representing -65.9%.
Ecobank Transnational Incorporated (ETI) also loss GH¢0.29 when its share price fell from GH¢0.45 to GH¢0.16 representing -64%. Ecobank Ghana also loss GH¢2.44 when its share price dropped significantly from GH¢4.50 to GH¢2.06 representing -54%.
Ghana Commercial Bank (GCB) was not spared as its share price also dropped from GH¢1.10 to GH¢0.54 (-51%).
SIC, the second insurance company on the bourse recorded -46% growth when its share price slipped from GH¢0.50 to GH¢0.27 during the period under review. Ghana Oil Company limited (GOIL) followed with a loss of GH¢0.13 after its share price dipped from GH¢0.32 to GH¢0.19 representing -40.6%.
Fan Milk Limited (FML) recorded a negative growth of 38% when its share price fell from GH¢4.50 to GH¢2.80.
Guinness Ghana Brewery Limited (GGBL) trailed with a negative growth of 37% after its share price fell to GH¢1.26 from GH¢2. Benso Oil Palm Plantation (BOPP) recorded -33% growth. It started the year with a share price of GH¢1.0 then later fell to GH¢0.67 losing GH¢0.33.
CFAO also loss GH¢0.01 after its share price fell to GH¢0.03 from GH¢0.04 representing -25%.
Aluworks (ALW) recorded a negative growth of 18% during the same period. Its share price fell from GH¢0.61 to GH¢0.50.
Enterprise Insurance Company (EIC) also recorded a negative growth of 16% as its share price dipped from GH¢3.14 to GH¢2.63.
Uniliver also succumbed to the market correction as its share price fell from GH¢4.0 to GH¢3.49 losing GH¢0.51 representing -12%.
AlgloAshanti Limited recorded a loss of GH¢0.04 representing -11.4% after its share price fell from GH¢0.35 to GH¢0.31.
Standard Chartered Bank (SCB) was the least affected as it recorded -3.3% when its share fell from GH¢30 to GH¢29.
Comments