Trading on the Ghana Stock Exchange (GSE) slipped during the session, as both the Composite Index and the Financial Stock Index dipped on the back of losses in big caps.
The benchmark GSE-Composite Index slipped by 0.2 per cent to close at 2,256.2 points. In all, 14 equities traded 637,930 shares and these were valued at GHc1,375,654.92, Nordea Capital Investment Stock Market watchers analysis obtained by CDA Consult in Accra, on Friday revealed.
The companies which were hit by the marginal turbulence were Starwin Products Ghana Limited the first pharmaceutical company to be listed on the GSE dipped by 20 per cent to close at GHc0.04 per share.
Tullow Oil a leading global independent exploration and Production Company operating in Ghana lost 15 per cent off its value to close at GHc17.80 per share,
whilst GCB Bank Limited ascribed as the second largest bank in Ghana by net profit and total assets slipped by 1 per cent to close at GHc5.15 per share.
Banking giants Ecobank, Regional Commercial Bank operating in many African Countries including Ghana and Standard Chartered Bank Ghana, a banking and financial services company both gained marginally by 0.1 per cent and 0.04 per cent each to close at GHc7.00 per share and GHc16.22 per share respectively.
The Nordea Income Growth Fund is priced at GHc0.3516 with a Year-to-date return of 27.90 per cent.
Nordea Capital is an investment bank licensed by the Securities and Exchange Commission (SEC) offering a comprehensive range of services in asset management, research and strategy, corporate finance and private equity to institutional, corporate and private clients.
Nordea Capital is dedication to growing and preserving client assets and building trust, in partnership with financial professionals and institutions worldwide.
Nordea Capital develops investment products that are relevant to the market and that we believe are designed to produce consistent, competitive investment performance.
The GSE is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990.
Communication for Development and Advocacy Consult (CDA Consult) provides tailor made development communication tools necessary for operational transformation and translating dreams into achievable goals and equips clients with mechanism for public education on specific issues.
It also provides effective back-up or frontline monitoring and evaluation tools to ensure value for money delivery of projects, whilst providing clients with skills to deliver timely and accurate information on their activities, work, programmes and projects.
CDA Consult is also aimed at building a responsive working culture for corporate growth through a social process at institutional levels based on dialogue using a broad range of tools and methods.
It also assists client to use continuous and adaptive process of gathering, organising and formulating information and data into argument and to communicate to policy-makers through various interpersonal and mass media communication channels.
Source: CDA Consult