Articles from the ‘Stock Market’ category
Posted by Contributor on February 8, 2011 at 10:02 am in Business, Other Top Stories, Stock Market
By Jason McLure The Ghana Stock Exchange Composite Index snapped three days of increases, slipping 0.9 percent to close at 1,050.35 by 3 p.m. in Accra. Mauritius’s SEMDEX Index retreated for a second day, losing 0.2 percent to close at 2,023.56 by 1:30 p.m. in Port Louis. Kenya’s All-Share Index lost 0.1 percent to close [...]
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Posted by EMELIA N. A. ARYEE on February 7, 2011 at 4:41 pm in Business, Other Top Stories, Stock Market
A Portfolio Manager of Stanbic Bank, Mr. Kwabena Boamah, has disclosed that the Initial Public Offer (IPO) of the Stanbic Investment Fund (SIF) under the Stanbic Investment Management Services (SIMS) has been oversubscribed. He made this known in an exclusive interview that the opened –ended trust fund which invests in fixed income securities was oversubscribed [...]
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Posted by Contributor on February 4, 2011 at 4:10 pm in Sports, Stock Market
Sporting Club Accra Hearts has finally gotten the all-clear to list on the Ghana Stock Exchange. The approval came Thursday from the market regulator, the Securities Exchange Commission, after an initial application was faulted. The club is however expected to meet some conditions before going public. Hearts of Oak Board Chair, Commodore Mensah told Joy [...]
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Posted by Contributor on February 3, 2011 at 12:04 pm in Business, Stock Market
The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, made a slight recovery on Wednesday, inching up 1.59 points to close at 1,051.25 points from 1,049.66 points. The year-to-date now stands at 5.12 per cent. The GSE-Financial Stocks Index (GSE-FSI), which tracks the performance of listed financial stocks, also rose [...]
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Posted by Contributor on January 31, 2011 at 6:53 pm in Business, Stock Market
By Peter Apps, (Reuters) – Taking the world by surprise, Egypt’s uprising may prompt renewed focus on political risk in emerging economies at a time of rising food and fuel prices, raising investor fears of unorthodox or repressive policy moves. That could see investors demand a higher risk premium on investments particularly in authoritarian emerging [...]
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Posted by Contributor on January 24, 2011 at 2:39 pm in Business, Stock Market
Automobile dealer CFAO will today begin purchasing shares from its shareholders following moves to formally delist from the Ghana Stock Exchange. The firm, acting through its brokers Merban, is offering 4 pesewas for every share held, one pesewa more than the current market price of 3 pesewas. The firm has set March 21 as the [...]
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Posted by Contributor on January 20, 2011 at 12:23 pm in Business, Stock Market
By Carli Lourens and Moses Mozart Dzawu (Bloomberg) — Ghana sold a 1.28 percent stake in AngloGold Ashanti Ltd., Africa’s biggest gold producer, for $43.97 a share, boosting government revenue by $215 million. The offer, which closed yesterday, was “significantly oversubscribed with strong demand from both South African and international investors,” the Johannesburg-based unit of [...]
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Posted by Contributor on January 19, 2011 at 10:02 am in Business, Stock Market
The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, rose 3.49 points to close at 1,001.24 points from 997.75 points. The year-to-date now stands at -0.20 per cent. The GSE-Financial Stocks Index (GSE-FSI), which tracks the performance of listed financial stocks, however, rose by 2.02 points to 992.88 points from [...]
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