Ghana | - Part 29

Nigerian Naira and Kenyan Shilling overvalued say Renaissance Capital

Johanneburg, South Africa (Capital Markets in Africa) — Renaissance Capital finds the Kenyan shilling to be especially vulnerable but believes the Nigerian naira should weaken more than the shilling. Sub-Sahara African (SSA) currencies have in recent months come under significant pressure. Of eight SSA currencies we analysed, we found the Kenyan shilling to be especially vulnerable (as it is an overvalued currency that depreciated by less than the EUR/$). However, Nigeria’s limited policy space, implies the naira should…

Ghana Equity Watch | 8 July 2015: Ghana equities stay in red …. GSE composite index slumps by 918bps

Posted on by The Editorial Team

Accra, Ghana (Capital Markets in Africa):- Ghana stock markets continued on the bearish path at the end of today’s trading session. The benchmark composite index slumped by 0.39 points or 9.18 percent to end the day at 2,337.61, its year- to- date performance reduces to 3.39 percent. At the same time, the financial Index fell by 17.24 points or 0.72 percent to trade at 2,369.07 with a year-to-date return of 5.59 percent. The market capitalization was recorded at GHS 64,547.37 million after losing GHS…

Ghana Equity Watch | 7 July 2015: Ghana equity markets bearish today …. composite index 8bps down

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Accra, Ghana (Capital Markets in Africa):- Ghana stock markets returned to bearish path at end of today’s trading session. The benchmark composite index slides by 1.88 points or 0.08 percent to end the day at 2,346.79, its year- to- date performance reduces to 3.79 percent. At the same time, the financial Index plunged by 9.51 points or 2.91 percent to trade at 2,386.31 with a year-to-date return of 6.36 percent. Likewise, the market capitalization closed at GHS 64,597.38 million, by marginally rose…

Ghana Equity Watch | 6 July 2015: Ghana equity markets indices and market capitalization bullish today, US$ 10 million up

Posted on by The Editorial Team

Accra, Ghana (Capital Markets in Africa):- Ghana stock markets started the week bullish. The benchmark composite index surged by 6.81 points or 0.30 percent to end the day at 2,348.67, its year- to- date performance improves to 3.88 percent. At the same time, the financial Index gained 9.51 points or 0.41 percent to trade at 2,389.22 with a year-to-date return of 6.49 percent. Likewise, the market capitalization nearly added GHS 38.61 million (relative to previous trading sessions’ market cap of GHS 64,558.49)…

Ghana Equity Watch | 2 July 2015: Ghana equity markets indices and market capitalization bearish today, US$ 52 million down

Posted on by The Editorial Team

Accra, Ghana (Capital Markets in Africa):- Ghana stock market was closed yesterday for the independent day and closed on negative note today’s trading session. The benchmark composite index plunged by 9.44 points or about 0.40 percent to end the day at 2,342.79, bringing the year- to- date return to 3.62 percent. Equally, the financial Index dropped by 13.06 points or 0.55 percent to 2,381.62 with a year-to-date return of 6.15 percent. Likewise, the market capitalization nearly dropped by GHS 51.5 million (or…

African Stock Market Mid-Year 2015 Report: BRVM June leader, Botswana Q2 winner, Malawi YTD champ

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — African stock market performance measured by country equity benchmark index return ended in red for the month of June, with seven advancers and eleven decliners on the local currency basis. The June monthly returns ranges from -4.7% registered by the Egyptian stock markets (measured by EGX30 index) to 5.49% recorded by Ugandan equity markets. Looking it from the quarterly return basis for local investor, African equity performance ended on neutral…

Ghana Equity Watch | 30 June 2015: Ghana equity markets indices and market capitalization close in red today, US$ 24 million down

Posted on by The Editorial Team

Accra, Ghana (Capital Markets in Africa):- Ghana equity markets indices and market capitalization tumbled at the end of today’s trading session. The benchmark composite index plunged by 18.92 points or about 0.80 percent to end the day at 2,352.23, bringing the year- to- date return to 4.03 percent. Equally, the financial Index dropped by 1.08 percent or 26.18 points to 2,394.68 with a year-to-date return of 6.73 percent. Likewise, the market capitalization fell nearly GHS 103.2 million (or 0.16 percent relative to…

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