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A Licensed Dealing Member of the Ghana Stock Exchange
Stock Brokerage
Equity Research
December 24, 2014
Analysts: Nana K. Agyeman Gyamfi / Ellen Abena Opoku
Issuing House Services
Retirement Planning
Investment Advisory




Gainers and Decliners
Equity
Cocoa Processing Co.
Societe Generale
SIC Insurance
Cal Bank
Ecobank Ghana
GCB Bank
Tullow Oil
Stanchart
PZ Cussons
Week Ending/Price(GH¢)
24-Dec
19-Dec
0.02
0.01
1.00
0.96
0.37
0.36
1.01
1.00
7.59
7.60
5.82
5.85
34.99
36.00
20.50
21.25
0.30
0.32
Gain/
Loss (¢)
0.01
0.04
0.01
0.01
-0.01
-0.03
-1.01
-0.75
-0.02
Percent
Change
100.00
4.17
2.78
1.00
-0.13
-0.51
-2.81
-3.53
-6.25
©UMBS Research; Data: GSE
Top - 5 Most Actively Traded Stocks (By Volume)
Market Snapshot
Indicator
Today
GSE CI
GSE FI
Market Cap (GH¢ M)
Volume
Value
No. of Transactions
No. of Traded Stocks
No. of Advancers
No. of Decliners
2,286.11
2,277.10
64,664.48
1,000,474
4,968,428
264
24
4
5
Previous
2,297.72
2,296.59
65,640.21
2,932,249
7,908,957
435
24
4
6
Equity
% Chg Today
-0.51
-0.85
-1.49
-65.88
-37.18
-39.31
-
Shares Traded
YTD
6.57
27.45
5.73
-42.13
-22.33
-
UT Bank
Standard Chart. Bank
GCB Bank
Benso Oil Palm
Ecobank Trans. Inc
254,600
161,877
143,315
106,122
71,050
% of
Total
Volume
25.45
16.18
14.32
10.61
7.10
Value of
trades (GH¢)
% of Total
Value
56,012
1.13
3,319,213
66.81
837,155
16.85
435,100
8.76
20,618
0.41
©UMBS Research; Data: GSE
Top - 5 Most Actively Traded Stocks (By Value)
Equity
Standard Chart. Bank
GCB Bank
Benso Oil Palm
Ecobank Ghana
Enterprise Group
Value of trades
(GH¢)
161,877
143,315
106,122
18,190
41,215
% of
Total
Value
3.26
2.88
2.14
0.37
0.83
Shares Traded
% of Total
Volume
3,319,213
331.76
837,155
83.68
435,100
43.49
138,212
13.81
72,125
7.21
©UMBS Research; Data: GSE
PA
GE
2
Week Ending
Inflation
Prime Rate
91-Day Bill
182-Day Bill
1-Year Note
2-Year Note
Amt Raised (GH¢M)
24-Dec-14
16.90
21.00
25.80
26.39
22.50
23.00
507.75
19-Dec-14
26-Dec-13
16.90
13.20
21.00
16.00
25.80
18.79
26.40
18.77
22.50
17.00
23.00
17.00
1,022.87
452.66
SOURCE: Bank of Ghana
Currency
Rate
Rate
24-Dec
19-Dec
Today
1-Mth
12-Mo
3.1988
3.8926
4.9558
3.2367
0.2746
3.1980
3.9282
5.0077
3.2618
0.2777
-0.03
0.92
1.05
0.78
1.11
-0.04
2.07
1.00
2.14
6.57
-32.50
-24.70
-29.50
-25.98
-25.07
Dollar
Euro
Pound
Swiss Franc
Rand
Gain / Loss
Y-T-D
-32.43
-23.29
-27.91
-24.67
-24.89
SOURCE: Bank of Ghana
Guide to Tables:
P/B
PE
DPB
Div Yld
Price To Book Ratio
Price Earnings Ratio
Gross Dividend Per Share
Dividend Yeild
Price Gainers
Price Losers
Yr
Px
Pct
Otr
Y-T-D
Year
Price
Percent
Quarter
Year-To-Date
Change Year-To-Date
Stock Market Data: December 24, 2014
INDUSTRY/
TICKER
EQUITIES
Pct
Price Price
Close
Close
Dec-13
Chg
GH¢
US$
GH¢
YTD
Agro Processing
52 Week
High
Low
PA
GE
2
Volume
Value
P/E
Traded
Traded
Ratio
E/Y
(%)
Div
P/B
Yld
Ratio
(%)
DPS
GH ¢
Market
Market
Cap.
Cap.
GH¢(M)
US$(M)
3.20
3.20
Benso Oil Palm
BOPP
4.10
1.28
3.21
27.7
4.10
2.30
106,122
435,100
13.39
7.5
0.81
Golden Web Ltd
GWEB
0.03
0.01
0.04
-25.0
0.04
0.03
0
0
n.m.
n.m.
n.m.
Cocoa Processing
CPC *
0.02
0.01
0.02
0.0
0.02
0.01
30,000
600
n.m.
n.m.
n.m.
1.68
Banking
2.74
142.68
44.60
-
1.05
0.33
-
22.02
6.88
173.11
0.033
435,700
Cal Bank
CAL
Ecobank Ghana
Ecobank Trans. Inc.
EBG
ETI
Ghana Com. Bnk
HFC Bank Gh Ltd
1.01
7.59
0.32
2.37
0.97
5.61
4.1
35.3
1.05
7.98
0.85
5.61
13,791
18,190
13,864
138,212
3.17
7.49
31.54
13.35
5.25
5.67
1.52
3.32
0.053
553.74
0.430
2,225.62
695.78
0.29
0.09
0.19
52.6
0.43
0.17
71,050
20,618
10.81
9.25
6.90
1.02
0.020
4,629.28
1,447.21
GCB
5.82
1.82
4.85
20.0
5.85
4.00
143,315
837,155
5.10
19.59
3.61
2.49
0.210
1,542.30
482.16
HFC
1.35
0.42
0.96
40.6
1.60
0.94
12,588
16,993
8.28
12.08
2.59
1.74
0.035
400.09
125.08
Societe Generale
SOGEGH
1.00
0.31
0.75
33.3
1.18
0.62
6,276
6,180
6.98
14.32
6.00
1.59
0.060
333.89
104.38
Standard Chart
SCB
20.50
6.4
14.94
37.2
21.3
14.9
161,877
3,319,213
9.07
11.02
5.61
4.56
1.150
2,367.96
740.28
UT Bank
UT
0.22
0.07
0.45
-51.1
0.49
0.22
254,600
56,012
28.24
3.54
0.00
0.49
0.000
66.45
20.77
Trust Bank (Gb)
TBL ^
0.24
0.08
0.35
-31.4
0.35
0.24
0
0
7.08
14.13
9.63
0.023
48.00
15.01
4,408,248
9.6
12.2
6.1
2.1
Beverage
3.20
Fan Milk Ltd
FML
5.25
1.64
6.62
-20.7
7.55
4.89
3,743
19,650
48.49
2.06
1.71
8.04
Guinness Gh.
GGBL
3.21
1.00
6.20
-48.2
6.40
2.45
59
189
nm
2.10
0.75
4.46
48.49
68.05
1.58
2.55
0.39
0.00
1.63
Distribution
Produce Buying
19,839
PBC
0.12
0.04
0.17
-29.4
0.17
0.11
Insurance
0
0
3.20
610.10
190.73
678.40
212.08
0.000
57.60
18.01
0.090
0.024
6.25
9.40
910,711
Enterprise Group
EGL
1.75
0.55
1.88
-6.9
2.50
1.40
41,215
72,125
4.58
21.84
1.43
1.47
0.025
223.70
69.93
SIC Insurance
SIC
0.37
0.12
0.39
-5.1
0.52
0.35
1,200
444
16.72
5.98
4.78
0.88
0.018
72.39
22.63
72,569
10.65
21.61
5.06
1.18
0
#DIV/0!
0.00
0.00
#DIV/0!
0.00
0.00
0.00
0.00
0.00
0.00
Investments
Mega African Cap.
MAC
4.50
1.4
0
IT Solutions
Clydestone
CLYD
0.03
0.01
0.04
-25.0
0.04
0.03
0
0
n.m.
0.67
10.00
1.67
0.003
1.02
0.32
Transaction Soln.
TRANSOL
0.03
0.01
0.03
0.0
0.03
0.03
0
0
n.m.
n.m
0.00
4.27
0.000
2.40
0.75
3.20
0.00
0.00
-62.0
Manufacturing
PZ Cussons Gh
PZC
0.30
0.09
0.79
Unilever Ghana
UNIL
10.70
3.35
18.31
Aluworks Limited
ALW
0.03
0.01
0.05
-40.0
Pioneer Kitchen
PKL
0.06
0.02
0.06
0.0
2.97
0.79
0.30
10,300
3,096
n.m.
n.m.
1.26
1.37
0.004
50.40
15.76
-41.6 18.31
10.70
3
32
n.m.
n.m.
2.39
34.09
0.256
668.75
209.07
0.06
0.03
10,600
318
n.m.
n.m.
n.a
0.26
n.a
7.10
2.22
0.06
0.06
0
0
n.m.
n.m.
n.a
n.m.
n.a
2.00
0.63
3,446
#DIV/0!
Mining
#DIV/0!
3.20
AngloGold Ashanti
AGA
37.00
11.6
37.0
0.0
37.0
37.0
0
0
n.m.
n.m.
0.00
-
0.130
14,187.28
AngloGold Dep.
AADs
0.52
0.16
0.52
0.0
0.52
0.52
0
0
n.m.
n.m.
0.00
-
0.001
0.51
Golden Star Rsrcs
GSR
2.34
0.73
2.75
-14.9
2.75
2.34
0
0
n.m.
n.m.
0.00
-
Petroleum Retail
597.71
4,435.26
0.16
186.86
0
Ghana Oil Co Ltd
GOIL
1.05
0.33
0.89
18.0
1.05
0.75
14,680
15,414
9.69
10.32
1.52
3.52
0.016
220.70
69.00
Total Petroleum
TOTAL
6.10
1.9
5.1
20.6
6.6
5.0
200
1,220
20.41
4.90
1.62
5.56
0.099
682.41
213.34
16,634
15.05
5.64
1.99
4.54
1.500
34.99
10.9
35.0
0.0
36.0
30.0
100
3,498
1093.4
0.00
0.00
5.45
0.092
0.06
#DIV/0!
Petrol Exploration
Tullow Oil Plc
TLW
Paper Conversion And Printing
31,625.71
9,886.90
0.06
Camelot Ghana
CMLT
0.12
0.04
0.16
-25.0
0.16
0.12
56,500
6,780
3.31
30.17
50.00
0.66
0.060
0.78
0.25
Sam Woode Ltd
SWL
0.04
0.01
0.02
100.0
0.05
0.02
0
0
3.49
28.64
n.m.
0.97
0.004
0.87
0.27
African Champion
ACI
0.02
0.01
0.06
-66.7
0.06
0.02
0
0
n.m.
n.m.
n.m.
0.12
0.000
0.65
0.20
6,780
3.40
8.4
0.6
Pharmaceutical
3.20
3.20
Ayrton Drug
AYRTN
0.17
0.05
0.17
0.0
0.18
0.17
65
11
13.08
7.65
0.72
1.94
0.001
36.55
11.43
Starwin Products
SPL
0.03
0.01
0.04
-25.0
0.04
0.03
42,500
1,275
n.m.
3.67
3.33
0.68
0.001
2.22
0.69
1.6
1.5
3.57
0.40
0.010
14.03
4.39
=
US$1
Vehicle Dealership
Mechanical Llyod
1,286
MLC
0.28
0.1
©MSL Research; Data: GSE / Company Financials
0.38
-26.3
0.39
0.25
1,500
178,863
420
n.m
n.m
GH¢ 3.20
Avg P.E 12.14

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