The Ghana Stock Exchange bounces

The Ghana Stock Exchange (GSE) has rebounded after eight consecutive weeks of warnings and profit-taking, investors are slightly optimistic this week.

The GSE-Composite Index rose 1.5% According to the Nordea Capital Investment Stock review, investor optimism was largely influenced by locals as foreigners remained badysts of ## 147 ############################################################################# 39, shares of Nordea Capital Investment concluded that the price movements were trend-oriented rather than fundamentally oriented, but they expected the trend to be short-lived, baduming that

The week under review was marked by price movements in several sectors; led by PZ Cussons, which rose 11.1% to close at 0.50 ¢ GH ¢; Ecobank Transnational Incorporated is also valued at 10% to 0.22 GH ¢ and the Republic Bank also rose 3% to 1.36 GH ¢ per share

The week under review also saw the bank CAL up 1.6% to 1.62 GH ¢ Consumer goods giant Unilever Ghana Limited rose 0.1% to close the week at 17.81 GH ¢ per share

Latecomers of the week under review were Ecobank Ghana, which saw its earnings decline in the first half of 2018, with a 10.1 percent drop in sales pressure to 7.6 ¢ ¢ per share

SIC insurance decreased 2.6 percent to end the week at GH ¢ 0.38 while GCB also lost 2.3 percent to GH ¢ 5.03 per share; Standard Chartered fell 1.5 per cent to 26.60 ¢, as investors continued to sell their holdings.

Enterprise Group Limited fell by 0.3 percent to GH ¢ 3.01, Fan Milk Limited slipped 0.1 percent to end The CAL Bank emerged as the most traded as a result a block of successive transactions last Thursday and last Friday, the Bank saw its counter traded in value representing 74.5% of the total value negotiated.

A total of 3.1 million shares were traded during the week under review, while the traded value fell to 4.8 million GH ¢.

Nordea Capital is an investment bank licensed by the Securities and Exchange Commission and offers a full range of services. management, research and strategy, corporate finance and private equity to institutional, corporate and private clients.

GSE is Ghana's largest stock exchange. The stock exchange was incorporated in July 1989 and the trading began in 1990.

Listing criteria include capital adequacy, profitability, share allocation, years' worth of investment. existence and effectiveness of management.

Source: GNA