Tag Archives: Ghana Stock Exchange

Stock market updates (weekly outlook)

Stock

   Have knowledge about your stock market Index Performance is a stock index that adds the amount of all dividends payments, capital gains (rise in the value of a capital asset that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold)  and other cash disbursements to the net stock price. When measuring ...

Read More »

MTN Is Said to Start $754 Million Ghana Unit IPO Next Week

mtn ghana

MTN Group Ltd will start selling more than a third of its Ghanaian unit for $754 million next week in an initial public offering that will be 10 times larger than the West African nation’s previous biggest-ever share sale, according to a person familiar with the matter. The offer to raise 3.48 billion cedis of stock will start May 29 and close at ...

Read More »

MTN Offloads 35% Shares

MTN mobile money

The Ghana Stock Exchange (GSE) has confirmed that telecom giant, MTN will be launching a 35% Initial Public Offering (IPO) on the Exchange by end of 2018. The move will be geared at selling 35% stake in the company to the public. It is part of the requirement from the National Communication Authority (NCA) before awarding the 4G spectrum to ...

Read More »

HFC Bank to raise GH¢50million on GSE

HFC

HFC Bank has begun processes aimed at raising some Gh¢50 million through the Ghana Stock Exchange (GSE). It follows approval from the Board of Directors of the Bank at its Extra Ordinary General Meeting. The funds raised from the offer are expected to help the bank meet the new Gh¢400 million minimum capital requirement set by the Central Bank. Starr ...

Read More »

D-G of SEC calls for investor confidence in the Capital Market

SEC chairman

Mr Daniel Ogbarmey Tetteh, the Director-General of the Ghana Securities Exchange Commission (SEC), has called on the investor community to have confidence in the instruments of the Capital Market. He said the Capital Market was critical in the growth and development of any given economy. Mr Tetteh said this in an interview during the launch of the Ghana Securities Industry ...

Read More »

GSE, NSE most performing stock markets in Africa

performing stock markets

The Ghana Stock Exchange-GSE CI and the Nigerian Stock Exchange-ASI have been adjudged the best performing stock markets in Africa for the nine months of 2017. The two stock exchanges returned about 35.5 and 35.1 percent respectively for investors more than twice yield of Treasury Bills- during the period under review. The two stock exchanges also did better than the ...

Read More »

Investors neglect GAX despite improved performances

performing stock markets

Despite the continuous decline in interest rates on fixed income securities, investors looking to cash in on stocks have and continue to neglect the four listed equities on the Ghana Alternative Exchange (GAX), preferring stick to the main bourse. A 2017 half-year review of the economy and the capital market by FirstBanC Research, a subsidiary of FirstBanC Financial Services, indicates ...

Read More »

GSE suspends ACI and GWEB

performing stock markets

The Ghana Stock Exchange (GSE) has, with effect from Monday, September 11, 2017, suspended the listing status of African Champion Industry Limited (ACI) and Golden Web Limited (GWEB). ACI, according to a statement from the GSE, has failed to publish its audited financial statements for year-ended December 2015 and 2016 respectively. “ACI has also not conducted an annual general meeting ...

Read More »

GSE cites 5 companies for possible delisting from bourse

GSE

The Ghana Stock Exchange (GSE) has announced that five companies have been suspended from trading in shares effective from Monday, August 28, 2017. The companies are African Champion Industry Limited (ACI), Clydestone (Ghana) Limited (CLYD), Golden Web Limited (GWEB), Pioneer Kitchenware Limited (PKL) and Transaction Solutions Limited (TRANSOL). According to a statement by the GSE, “these companies have failed to ...

Read More »

Stock Exchange suspends UT Bank

GSE

This was revealed in a statement copied to Citi News. The GSE noted that the suspension had become necessary due to the revocation of UT Bank’s licence by the Bank the of Ghana. The GSE also indicated that UT Bank has failed to publish its financial results since the end of its financial year December 31, 2015. UT Bank had its ...

Read More »