Performance of Ghanaian Stocks – November 2018

There are many things we can take away from the performance of stocks this year. Equities being up only 1.93% year-to-date is one of them. Fan Milk’s woes are another story. The MTN IPO is a story too. But the one that stands out most for me is the 4.72% drop in the value of financial stocks.

I have already written about that though, so I would not delve deeper. I’d only hope that the end of the deadline for the raising of bank capital to GH¢400 million would ease the uncertainty in the sector and improve the performance of financial stocks.

Fan Milk is down 50% this year. Could Kwesi Arthur be the key to their revival? I do not know, but he certainly can’t leave them worse off than they currently are. MTN’s stock has seen an 11% drop off its highs after dividends were paid. The telco is arguably the most watched stock on the GSE right now and you can be sure every percentage gain or loss would be a talking point.

Okay, that is enough commentary from me. Let’s look at the figures.

Equity November Performance 2018 Performance
NewGold Issuer Limited 39.18% 39.18%
Access Bank Ghana 36.00% 0.74%
Trust Bank Limited (THE GAMBIA) 15.00% -34.29%
Ecobank Ghana Ltd 12.28% -1.32%
Camelot Ghana Ltd 11.11% -9.09%
Mechanical Lloyd Company Ltd 11.11% 66.67%
SIC Insurance Company Limited 7.14% 50.00%
AngloGold Ashanti Limited 0.00% 0.00%
Agricultural Development Bank 0.00% 1.88%
AngloGold Ashanti Limited 0.00% 0.00%
Aluworks LTD 0.00% -50.00%
Ayton Drugs Manufacturing Company Ltd 0.00% -20.00%
Clydestone (Ghana) Limited 0.00% 0.00%
Cocoa Processing Company 0.00% 0.00%
Digicut 0.00% 12.50%
Golden Star Resources Ltd. 0.00% 400.00%
HORDS LTD 0.00% 0.00%
Intravenous Infusions (IIL) 0.00% 0.00%
Mega African Capital Limited 0.00% 0.00%
Meridian-Marshalls Holdings 0.00% 0.00%
Produce Buying Company Ltd. 0.00% -50.00%
Pioneer Kitchenware Ltd. 0.00% 0.00%
Samba Foods Ltd 0.00% 0.00%
Standard Chartered Bank Ghana Ltd – Preference Shares 0.00% -4.17%
Starwin Products Limited 0.00% -33.33%
Sam Wood Ltd. 0.00% 0.00%
Unilever Ghana Limited -0.06% 38.47%
Tullow Oil Plc -0.08% -30.15%
Total Petroleum Ghana Ltd -0.74% 14.73%
Ghana Oil Company Limited -3.03% 18.96%
Guinness Ghana Breweries Ltd. -5.22% 5.83%
Benso Oil Palm Plantation Ltd -6.42% -16.67%
Ghana Commercial Bank Limited -6.80% -4.95%
Standard Chartered Bank Ghana Ltd. -7.25% -19.92%
CAL Bank Limited -7.69% -11.11%
Ecobank Transnational Incorporation -10.53% 6.25%
MTN Ghana Ltd -11.11% 6.67%
Enterprise Group Limited -13.99% -31.89%
PZ Cussons Ghana Ltd -14.58% 105.00%
Societe Generale Ghana Limited -17.17% 0.00%
Fan Milk Limited -20.00% -50.28%
Republic Bank -37.01% -42.45%

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