Performance of Ghanaian Stocks in 2020

The GSE-CI closed the year down 13.98% and financial stocks (GSE-FI) ended the year down 11.73%. A December rally saved a market which had been teetering on bear market territory the whole year. Nevertheless this is the worst performance since 2016 and the 4th negative return in the last 5 years. See how the individual stocks performed below.

EquityYTD December Performance
NewGold Issuer Limited95%-4%
Cocoa Processing Company50%0%
Clydestone (Ghana) Limited22%0%
Aluworks LTD10%0%
Standard Chartered Bank Ghana Ltd – Preference Shares1%0%
AngloGold Ashanti Limited0%0%
Agricultural Development Bank0%0%
AngloGold Ashanti Limited0%0%
CAL Bank Limited0%0%
DASPHARMA0%0%
Digicut0%0%
Ecobank Transnational Incorporation0%0%
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%
Produce Buying Company Ltd.0%0%
Samba Foods Ltd0%0%
SIC Insurance Company Limited0%0%
Sam Wood Ltd.0%0%
Tullow Oil Plc0%0%
Total Petroleum Ghana Ltd-6%20%
MTN Ghana Ltd-9%5%
Ecobank Ghana Ltd-11%44%
Societe Generale Ghana Limited-11%0%
Standard Chartered Bank Ghana Ltd.-11%8%
Ghana Oil Company Limited-12%0%
Access Bank Ghana-12%0%
Trust Bank Limited (THE GAMBIA)-15%0%
Enterprise Group Limited-15%0%
Ghana Commercial Bank Limited-21%5%
Benso Oil Palm Plantation Ltd-22%0%
Republic Bank-27%0%
Ayton Drugs Manufacturing Company Ltd-30%0%
Guinness Ghana Breweries Ltd.-47%0%
Unilever Ghana Limited-49%-10%
Fan Milk Limited-74%0%

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