Ghana: Stocks Maintain Gains, Driven by Anglogold Ashanti

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The second week of May trading on the Ghana Stock Exchange (GSE) opened on a good note as volumes increased considerably following a block trade of GH¢110.9 million in AngloGold Ashanti.

This pushed up the benchmark GSE-Composite Index by 0.2 percent to close at 3,485.8 points, analysis by Nordea Capital Investment, stock market experts indicate.

According to the analysis released on Tuesday, May 8, the gainers were Ecobank Transnational Inc (+4.5 percent), Benso Oil Palm Plantation (+0.7 percent), Ecobank Ghana (+0.4 percent) and Unilever (+0.2 percent).

On the other hand, losses were recorded in CAL Bank (-0.5 per cent) and Enterprise Group Limited (-0.5 per cent).

Volume traded was 3,307,358 shares which were valued at GHS113,660,888.42.


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