Performance of Ghanaian Stocks – November 2020

Stocks are down 19.43% for the year which is only a few basis points away from the 20% drawdown which is the technical definition of a bear market. Even if we do not get into a bear market, stocks are likely headed for their worst performance since the 46.58% loss witnessed in 2009.

With elections only a few days away, investors are hoping for a peaceful process followed by some policy clarity going forward to inject some positivity into the market. Below are how stocks performed in November.

EquityNovember PerformanceYTD 
Ecobank Transnational Incorporation14%0%
Fan Milk Limited3%-74%
NewGold Issuer Limited1%104%
Ghana Commercial Bank Limited0%-24%
Standard Chartered Bank Ghana Ltd.0%-18%
AngloGold Ashanti Limited0%0%
Access Bank Ghana0%-12%
Agricultural Development Bank0%0%
AngloGold Ashanti Limited0%0%
Aluworks LTD0%10%
Clydestone (Ghana) Limited0%0%
Camelot Ghana Limited 0%22%
Cocoa Processing Company0%50%
DASPHARMA0%0%
Digicut0%0%
Enterprise Group Limited0%-15%
Ghana Oil Company Limited0%-12%
Golden Star Resources Ltd.0%0%
HORDS LTD0%0%
Intravenous Infusions (IIL)0%0%
Mega African Capital Limited0%0%
Mechanical Lloyd Company Ltd0%0%
Meridian-Marshalls Holdings0%0%
MTN Ghana Ltd0%-13%
Produce Buying Company Ltd.0%0%
Republic Bank0%-27%
Samba Foods Ltd0%0%
Standard Chartered Bank Ghana Ltd – Preference Shares0%1%
Sam Wood Ltd.0%0%
Trust Bank Limited (THE GAMBIA)0%-15%
Tullow Oil Plc0%0%
Total Petroleum Ghana Ltd0%-22%
Unilever Ghana Limited0%-44%
CAL Bank Limited-1%-22%
Societe Generale Ghana Limited-2%-11%
Benso Oil Palm Plantation Ltd-5%-30%
Guinness Ghana Breweries Ltd.-10%-47%
Ecobank Ghana Ltd-12%-38%
SIC Insurance Company Limited-20%0%

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